Qatar has planned to invest 85m into the UK's nuclear power sector. Foreign Secretary Liz Truss today tweeted: \"Great to see Qatars new 85m investment in the UK. The Qatar Investment Authority is supporting Rolls-Royce to build mini nuclear reactors, which will:<\/p>\n
\"Boost a great UK business.<\/p>\n
\"Create British jobs.<\/p>\n
\"Help the UK reach its net-zero target.\"<\/p>\n
Mr Mansoor bin Ebrahim Al-Mahmoud, Chief Executive Officer of the Qatar Investment Authority (QIA) spoke of the opportunities of helping the Rolls-Royce Group contribute to low carbon electricity generation.<\/p>\n
The QIA claims that it is committed to \"sustainable investment\".<\/p>\n
Mr Mansoor said: QIA is investing in the energy transition and funding the technologies that enable low carbon electricity generation.<\/p>\n
\"We will continue to seek out investments that align with our mandate to deliver long-term value for future generations through responsible sustainable investments.<\/p>\n
In a statement, Rolls-Royce Group described reaching an agreement with Qatar Investment Authority (QIA) \"to invest 85 million in Rolls-Royce SMR Limited (Rolls-Royce SMR).<\/p>\n
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\"We have successfully raised the capital we need to establish Rolls-Royce SMR and it is encouraging to confirm that the business is now set up to succeed.<\/p>\n
The Government's Business and Energy Secretary Kwasi Kwarteng was quick to draw attention to the deal with the Qatari group.<\/p>\n
He said: This investment is a clear vote of confidence in the UKs global leadership in nuclear innovation and follows the 210 million of government investment in the development in Small Modular Reactors.<\/p>\n
It represents a huge step forward in our plan to deploy more home-grown, affordable clean energy - ensuring greater energy independence for the UK, highly skilled jobs and bringing cheaper, cleaner electricity to peoples homes.<\/p>\n
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'Great to see!' Truss hails Qatar's massive 85m investment in key Brexit Britain industry - Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Qatar has planned to invest 85m into the UK's nuclear power sector. Foreign Secretary Liz Truss today tweeted: \"Great to see Qatars new 85m investment in the UK. The Qatar Investment Authority is supporting Rolls-Royce to build mini nuclear reactors, which will: \"Boost a great UK business Continue reading