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nuclear espionage charge for the Chinese company with a major stake in the UK's proposed Hinkley Points Power Station. The US Justice Department accusing China General Nuclear Power of a conspiracy to steal trade secrets, according to the Times newspaper. A senior advisor to the state owned company due in court next week, is accused of recruiting US experts to obtain sensitive nuclear technology for China.
CGN has a 33% stake in the proposed Hinkley project being developed by French utility EDF. The 18 billion pound deal suffered a major setback in early August. Just hours after the board of EDF gave the greenlight, Theresa May's new government slammed on the brakes. Reuters Energy Correspondent Karolin Schaps.
>> A few sources next to her have said that she has been a little concerned regarding the Chinese involvement in this 18 billion pound project and wanted to make sure that there are no implications or issues regarding national security through this Chinese involvement.>> On Monday, China's Ambassador to the UK warned that the two countries were at a crucial historical juncture.
Writing in the FT he hinted that mutual trust could be in jeopardy if May's government blocks the deal. All this just months after London said relations with Beijing were entering a new golden era.