Sizewell C Power Station: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 14 October 2024 to Question 6413 on Sizewell C Power Station: Finance, for what reason disclosure of the proportions of capital allocated by Sizewell C Ltd is considered commercially sensitive; and whether his Department holds that information.
Answered by Michael Shanks
Sizewell C’s spending plans are agreed by shareholders, including Government. The public disclosure of detailed spending plans whilst the project is engaged in live commercial negotiations could have a negative impact on the project’s negotiating position and undermine the project’s value for money.
Sizewell C Ltd publishes an annual report and accounts, which are available to view at Companies House. This sets out expenditure and income for each financial year.
The Department also includes information about amounts invested into the project via its annual report and accounts, which are published and laid before Parliament.
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