Sat. May 28th, 2022

Ministers have refused permission for a £ 1.2 billion energy cable connecting Britain with France.

Aquind, the company behind the project, had planned to lay a 148-mile power and communication line between Portsmouth and Normandy. Officials described the scheme as a “nationally significant infrastructure project” that could supply electricity from the French grid to 5 per cent of British homes.

However, it has been plagued by controversy since The times revealed that the company is owned by Viktor Fedotov, a secretive Russian-born tycoon whose business has donated nearly £ 500,000 to the Conservative party.

Fedotov’s ownership of Aquind was revealed by The Times in 2020

EKATERINA CHESNOKOVA / SPUTNIK

This week, Penny Mordaunt, a trade minister, became the highest-ranking government figure to speak out against the project, warning that it could compromise energy security.

Kwasi Kwarteng, the business secretary, has declined

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