Hinkley C plant in Somerset is expected to provide 7% of Britain's electricity needs for 60 years
The British government has announced that Hinkley nuclear power station deal will go ahead after months of doubt, but that there will be new conditions.
The Hinkley C plant in Somerset will be built by French energy firm EDF around 240 kilometres from the Irish coast.
A "new agreement" has been reached with EDF which the government says guarantees "significant new safeguards" for foreign investment in critical infrastructure.
It stipulates EDF must remain controlling partner in the £18 billion (€21 billion) project during the construction phase - and that the government will be able to intervene in the sale of EDF's stake once the plant is built.
This follows national security concerns over Chinese involvement in the project that are understood to have prompted Theresa May to put the brakes on the deal at the beginning of the summer.
A third of the cost will be put up by the China General Nuclear Power Corporation (CGN), which today said it was "delighted" at the decision.
Greg Clark, Secretary of State for Business, Energy and Industrial Strategy, said: "Having thoroughly reviewed the proposal for Hinkley Point C, we will introduce a series of measures to enhance security and will ensure Hinkley cannot change hands without the Government's agreement.
"Consequently, we have decided to proceed with the first new nuclear power station for a generation.
"Britain needs to upgrade its supplies of energy and we have always been clear that nuclear is an important part of ensuring our future low-carbon energy security."
The new legal framework also gives the UK additional control over future critical infrastructure projects, such as a nuclear reactor at Bradwell in Essex, although it is not directly mentioned.
'Relaunch of nuclear in Europe'
When the Hinkley deal was agreed by David Cameron last year, the agreement concerned only Hinkley Point but said the government would look favourably on a Chinese-built reactor at Bradwell.
Mrs May's decision to stall the deal strained relations with the Chinese, who threatened to withhold UK investment.
The government says Hinkley will provide 7% of Britain's electricity needs for 60 years and create 26,000 jobs and apprenticeships.
EDF's boss, Jean-Bernard Levy, said the deal "marks the relaunch of nuclear in Europe".
The earliest date the nuclear plant could be operational is 2025.
Unions, the CBI and the energy sector welcomed the decision, saying it was good news for jobs and for the future of the UK energy supply.
However, there was significant criticism that it was not a good deal for the taxpayer and the deal had gone ahead because after decades of delays and complications it had simply become "too big to fail".
The Liberal Democrats said Hinkley was a "waste of public money".
Joint leader of the Green Party, Caroline Lucas, said: "The biggest white elephant in British history given the green light. An absurd decision on every level."