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Pandemic slows down nuclear construction, increases costs

Coronavirus company news summary – EDF says construction delays likely – Nuclear plant bill ramps up for Georgia Power,  31 July 20

The ongoing Covid-19 pandemic has increased Georgia Power’s share of the costs for the Vogtle nuclear plant by nearly $150m. However, the company still intends to complete the construction of Units 3 and 4 as per schedule by November 2021 and November 2022, despite the disruptions caused by the pandemic.

EDF has acknowledged that coronavirus has slowed down construction and maintenance of its nuclear power plant fleet in France and the UK. , A statement by EDF said the risk of delays in commissioning of the UK’s Hinkley Point C plant is “high”. In France, all construction activities at the Flamanville 3 EPR project were suspended between mid-March and early-May, which could result in further delays and additional costs.

Singareni Collieries Company has revealed plans to build 800MW of solar power projects in the southern Indian state of Telangana. The plan encompasses building 500MW of floating solar capacity on large water bodies.

The AES Corporation has made a strategic investment of nearly $8.6m in Australian solar technology innovator 5B to accelerate the adoption of solar energy. It claims 5B’s MAVERICK design allows customers to leverage a higher number of solar resources at three-times the pace, while providing up to two times more energy within the same footprint of traditional solar facilities.

August 1, 2020 - Posted by | 2 WORLD, business and costs, health

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