Centrica is investing £1.3 billion for a 15% stake in Sizewell C, subscribing to attractive investment terms. This project, initially estimated at £20 billion, faces potential overruns, with costs possibly rising to £47.7 billion. Despite this, Centrica anticipates a return rate above 10%. Other key investors include La Caisse with 20%, Amber Infrastructure with 7.6%, and state ownership at 44.9%. The project reflects the government's need to entice private investment amid high borrowing costs and lessons learned from previous projects like Hinkley Point C.
Centrica, the owner of British Gas, is investing £1.3 billion for a 15% equity stake in Sizewell C on advantageous terms to attract private investors.
If costs overrun at Sizewell C, Centrica projects an internal rate of return above 10% even at £47.7 billion, indicating the project’s viability despite rising expenses.
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