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French nuclear company EDF is postponing its decision on whether or not to go ahead with the Sizewell nuclear project in Britain

 

EDF delays final decision on Sizewell C. French energy giant now expects to leave it as late as 2023 before deciding whether to proceed with Suffolk nuclear power project. The timeline for EDF to decide whether to go ahead with the £20bn Sizewell C power station has slipped amid a lengthy planning approval process that is playing out as funding negotiations with ministers continue.

The French power giant now expects to make a final investment decision on the Suffolk plant at the end of 2022 or in 2023, compared to its previous expectations of mid-2022. EDF is in negotiations with the Government about a funding deal for Sizewell C and will also need external investors. Legislation is likely to be brought forward to allow developers to recoup costs during construction from household energy bills.


However, talks have been overshadowed in recent weeks by reports that ministers are seeking ways to block CGN from Sizewell and future UK nuclear projects. CGN has a 20pc development stake in Sizewell with an option to participate in the construction phase.

 Telegraph 8th Aug 2021

https://www.telegraph.co.uk/business/2021/08/08/edf-delays-final-decision-sizewell-c/

August 10, 2021 - Posted by | business and costs, politics, UK

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