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Pandemic adds to delays and costs of Hinkley Point C nuclear project

Hinkley Point C nuclear power station cost rises by £500m, French group EDF warns pandemic delays will push back estimated start-up date to 2026 Ft.com, 27 Jan 21,

France’s EDF has again revised up the expected cost of Hinkley Point C, the nuclear power station under construction in south-west England, warning that delays arising from the pandemic will add about £500m and push back the station’s estimated start-up date to 2026.

The group, which is financing the construction of the plant along with its junior partner CGN of China, said it expected the project in Somerset to cost up to £23bn compared with a 2019 estimate of a maximum of £22.5bn. EDF quotes costs in 2015 prices in order to maintain consistency for the markets but the real bill is likely to be higher after accounting for inflation. …….https://www.ft.com/content/fbc43de5-d3ae-49fd-9f5f-9e84f1db508d

January 28, 2021 - Posted by Christina Macpherson | business and costs, health, UK

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