Qatar backs UK’s Rolls-Royce in small nuclear power project

LONDON (Reuters) – Qatar on Monday joined Britain’s Roll-Royce in developing small nuclear power plants capable of delivering low carbon energy to around 1 million homes each. The Qatar Investment Authority (QIA) said it would invest 85 million pounds ($112.2 million) for a 10% stake in the project, joining existing shareholders Rolls-Royce, BNF Resources UK and Exelon Generation in the British government-backed project. QIA Chief Executive Mansoor bin Ebrahim Al-Mahmoud said Qatar, which is the world’s largest producer of LNG (liquefied natural gas), was investing in the energy transition and…

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