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Rolls-Royce led consortium planning to build up to 16 mini-nuclear plants

1 min read | November 12, 2020 09:47 AM GMT | By Team Kalkine Media
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A consortium led by Engineering giant Rolls-Royce Holdings Plc (LON: RR.) is planning to build up to 16 mini-nuclear plants in the United Kingdom.

  • As per the company, the mini-nuclear plants, which are projected to deliver up to 440MW of electricity each, will help secure the UK’s net zero commitments affordably.

 

  • Rolls Royce has said that almost 80 per cent of the power station components would be made in factories in the Midlands and North of England and can create around 6,000 UK jobs within five years.
  • The government, on its part, is preparing to commit £200 million to the consortium under its upcoming green economic recovery spending plan.
  • On 12 November 2020, the stocks of the company surged by 3.03% from at its previous closing, hovering at around GBX 101.40 at 09:07 AM GMT+1.

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