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UK, China poised for deal on world's costliest nuclear plant

Proposed accord, likely to be announced this week, will give China a stake in EDF's Hinkley Point project

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EDF, the world's biggest operator of reactors, and the UK agreed two years ago that Hinkley will get £92.50 per megawatt-hour of power for as long as 35 years. That's competitive with new-build gas and renewable projects, and will give it a rate of return of 10%, the firm says.

London

THE UK and China are set to announce an accord that will give the Asian nation a stake in Electricite de France SA's (EDF) Hinkley Point project, Britain's first nuclear plant in three decades and the most expensive atomic energy station ever.

The proposed deal is likely to