Report claims EDF in talks with Chinese firm over nuclear power plants

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EDF and a Chinese firm are in talks over construction of new nuclear power plants in the UK according to a new report.

The Wall Street Journal suggests sources close to the matter have said that the energy firm is in talks with state-owned China Guangdong Nuclear Power Holding Co. over forming a partnership in the construction of the new plants.

If the arrangement is confirmed, it would replace EDF's partnership with British Gas's parent company Centrica.

The deal could provide the energy firm with the vital financial support it needs, as so far the plans have been hit with a number of issues.

EDF  - part of the Warm Home Discount Scheme - had the £14bn construction of two nuclear reactors at Hinkley Point, Somerset planned for the majority of last year, but no concrete decision was confirmed.

Furthermore, a decision on the plans for the nuclear power plants was delayed last month, with EDF citing a combination of cuts in France and a disagreement with the UK government regarding pricing as the main reasons behind the delay.

In total, the company has published plans for the construction of four nuclear reactors; if constructed they would have the potential to generate enough electricity to supply almost 40% of UK homes.

However, the firm's chief financial officer, Thomas Piquemal, has previously said that it will focus on French investment, potentially delaying on progress in regards to the UK nuclear power plants.

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