News
Nuclear Liabilities Fund Limited is committing c.£400m to Sizewell C
NLF, working with Amber Infrastructure Group, will invest alongside the UK Government, EDF, Centrica, La Caisse and International Public Partnerships Limited to finance the construction, development and 60-year operation of a new nuclear power station. Sizewell C will be capable of producing baseload low-carbon electricity to meet 7% of the UK’s forecast electricity needs.
NLF is pleased to invest in this landmark infrastructure project. This investment aligns with our strategic objectives seeking long-term investment returns to fund the decommissioning liabilities of eight existing nuclear power stations, while also supporting low carbon energy generation, boosting energy security, jobs, and economic growth in the UK
Melissa Hope, Chief Executive, Nuclear Liabilities Fund Limited
Project Overview
Sizewell C is a landmark infrastructure investment critical to strengthening the UK’s energy security. Once operational, Sizewell C will generate clean, reliable electricity for the equivalent of around six million of today’s homes a year for about 60 years. The project will bolster the UK’s nuclear energy ecosystem, creating 10,000 new jobs, thousands more in the nationwide supply chain, and 1,500 apprenticeships during construction.
Sizewell C is the first nuclear project to be financed under the regulated asset base model. However, its design, construction, operations and financing adopt mature and proven approaches from nuclear power in the UK and globally, including:
• like-minded co-shareholders: invested alongside financial investors with strong alignment of interests and relevant experience in the sector;
• mature, standardised design: over 80% of the above ground Hinkley Point C design is fully replicated at SZC;
• proven technology: Sizewell C will use the most common reactor type in the world which accounts for 2/3rds of the nuclear reactors currently operable;
• proven contractual framework: regulatory licence and UK Government support mechanisms provide protections for investors in the event of severe cost overruns and delays to construction in extreme downside scenarios;
• established pre-qualified supply chain: in replicating designs and borrowing lessons learned from Hinkley Point C, Sizewell C benefits from supply chain knowhow, knowledge sharing, and a highly skilled workforce in nuclear and civil engineering;
• outstanding management team: Sizewell C benefits from leading operational capability led by a highly experienced executive management team and non-executive board.
For further enquiries please contact info@nlf.uk.net