France, July 23 -- The UK government on Tuesday gave new British nuclear power plant Sizewell C, which will be partially funded by French energy giant EDF, the go-ahead after it struck a deal with investors, in a move to bolster energy security.

The UK government - which, with 44.9 percent isthe largest shareholder in the project - said Sizewell C in eastern England will cost around €44 billion to construct.

The project will be jointly funded by Canadian pension fund La Caisse(20 percent,) British Gas owner Centrica(15 percent) and Amber Infrastructure(7,6 percent,) alongside French energy giant EDF.

EDF announced earlier this month that it will take a 12.5 percent stake in the project, lower than the 16.2 percent stake it held a...