nuclear-news

The umpteenth financial slide of the Flamanville EPR

Visualize in graphs the umpteenth financial slide of the Flamanville EPR, Le Monde,  By Pierre Breteau Published on June 24, 2019 at 12h06 – Updated on July 09, 2020 at 14h24   DECRYPTIONS In 2007, the site was to last five years, at a cost of 3.3 billion euros. It should finally last at least sixteen years, for an invoice estimated at 19.1 billion according to the Court of Auditors.

The commissioning of the Flamanville EPR will cost 15.8 billion euros more than expected at the start for a total of 19.1 billion according to the calculations of the Court of Auditors released Thursday, July 9, multiplying the cost by 5 , 8 (or + 479%). This is 6.7 billion more than what EDF had announced in October 2019. Initially, this nuclear power plant should have been built in five years, at a cost of 3.3 billion euros. It should therefore have been put into service in 2012, its creation having been authorized by decree on April 11, 2007. Since the launch of the project, the invoice has, therefore, almost sixfold.

Defective welds, concrete slabs to be reinforced, hardening of standards after the Fukushima nuclear disaster, etc. : view, year after year, the delays and additional costs accumulated by this project.  [Excellent graphs  trace yearly history of failures and delays] 

April 2007: end of construction planned in 2012The decree authorizing EDF to build a new “EPR” type reactor under the name of Flamanville 3 in the Manchese commune of the same name is published in the Official Journal. Among the safety points on which the decree insists, the reactor must, among other things, “resist the accidental fall of an aircraft”. It must also be operational in the event of an earthquake. Source: Official Journal…..

July 2020: end of construction scheduled for 2024
Cost: + 479% | duration: + 240%
According to calculations by the Court of Auditors, the level of expenditure has been revised upwards to 19.1 billion euros. In March 2020, a decree published in the Official Journal extended the maximum commissioning date to 2024.

Source: Le Monde   https://www.lemonde.fr/les-decodeurs/article/2019/06/24/epr-de-flamanville-visualisez-comment-le-cout-et-la-duree-du-chantier-ont-triple-depuis-2007_5480745_4355770.html

July 11, 2020 - Posted by Christina Macpherson | Uncategorized