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Soaring costs of France’s Flamanville project casts a blight on the global nuclear industry

‘Curse of Flamanville’ strikes again as cost of EDF’s reactor soars, 14 Oct 19,  The French energy group that is building Britain’s new nuclear reactors has admitted that a similar project in Normandy will cost almost four times the original estimate.

EDF said that its European pressurised reactor in Flamanville was now expected to cost €12.4 billion. This is €1.5 billion more than the previous estimate.

Initially it was supposed to cost €3.3 billion and the reactor was supposed to come on stream in 2012. The company says that under the revised plan it hopes to load fuel at Flamanville at the end of 2022, a decade late.

EDF is an electrity business with interests worldwide, including operating 58 nuclear reactors in its home country. It is majority-owned by the French state, which holds an 83.7 per cent stake…(subscribers only)

October 15, 2019 - Posted by | business and costs, France

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