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Former Tesco boss backs £16bn project to import more electricity as prices rocket – Telegraph.co.uk

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Former Tesco boss backs £16bn project to import more electricity as prices rocket – Telegraph.co.uk

The effort will be privately financed but developers are seeking a funding deal under which they would be guaranteed £48 per megawatt hour for their electricity over the first 25 years – but would have to pay the Government any increase in the wholesale…

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