LONDON, March 15 (Reuters) - British finance minister
Jeremy Hunt said he would boost investment in nuclear power by
launching a competition for small modular reactors, such as
those being developed by Rolls-Royce , and funding if the
technology proved to be viable.
"I am launching the first competition for Small Modular
Reactors," Hunt said in his budget statement on Wednesday.
"It will be completed by the end of this year and if
demonstrated to be viable we will co-fund this exciting new
technology."
He also said he would consult on classing nuclear power as
"environmentally sustainable" to encourage more private
investment into the sector.
(Reporting by David Milliken, Writing by Paul Sandle; Editing
by Kate Holton)
Messaging: paul.sandle.thomsonreuters.com@reuters.net))
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