A South Korean electric power utility is said to be close to investing in a $13billion project in the UK which could see construction of a new nuclear power plant near Sellafield.
According to reports in the Financial Times, sources close to the negotiations have revealed plans for the potential deal.
The Korea Electric Power Corporation has resumed talks about joining the Nujen project consortium after negotiations stalled three years ago.
The company is assessing whether to take an equity stake and a role in constructing the new Moorside Power station.
The move comes after Prime Minister Theresa May intervened in plans for Hinkley Point which could see £18billion of investment from EDF.
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