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LONDON - International Public Partnerships Limited (INPP) has been selected as the preferred bidder for a stake in the Sizewell C nuclear power project, committing approximately £250 million for a 3% shareholding, according to a company press release statement.
The investment will be deployed at around £50 million annually over the next five years alongside other investors including the UK Government, Nuclear Liabilities Fund, La Caisse, EDF (EPA:EDF), and Centrica (OTC:CPYYY). Financial close and revenue commencement are expected in the fourth quarter of 2025.
The project will utilize the Regulated Asset Base (RAB) model adapted from the Tideway infrastructure project. INPP’s investment is structured to provide inflation-linked cash flows regulated by Ofgem and immediate cash yield from financial close, with significant yield increases expected once the project becomes operational.
The 3.2GW nuclear plant is designed to meet approximately 7% of the UK’s forecast electricity needs once operational. INPP’s investment includes protections against construction overruns and nuclear-specific risks.
Mike Gerrard, Chair of INPP, described the opportunity as offering "attractive risk-adjusted returns" through a regulated utility comparable to the company’s existing investments.
The initial £30 million commitment in Q4 2025 will be funded using proceeds from a £49 million partial divestment of INPP’s UK schools portfolio. Once fully invested by 2030, Sizewell C is expected to represent approximately 10% of INPP’s portfolio by net asset value.
The project will utilize a standardized design, with over 80% of its above-ground infrastructure replicated from Hinkley Point C. According to the company, Sizewell C is expected to create 10,000 jobs during peak construction and 1,500 new apprenticeships.
INPP maintains its previously announced £200 million share buyback program, which has returned approximately £82 million to shareholders as of July 21, 2025.
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