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Spiralling cost of Hinkley Point C nuclear station

 Cost of Hinkley Point nuclear plant backed by France, China spirals to
US$38.5 billion. EDF and its partner in the project, China General Nuclear
Power, will be asked to provide additional funding, but it’s unlikely the
Chinese will agree.

EDF saidElectricite de France said the cost of building
its flagship Hinkley Point C nuclear power station in the UK is set to
spiral further to £32 billion (US$38.5 billion). Higher levels of
inflation have pushed up the estimated spend on the plant, the French
energy giant said in a presentation published alongside its annual results.

The revised estimate is the latest indication of surging costs after the
start of plant was delayed last year. In May, EDF raised the price tag to
build the two reactors at Hinkley to £25 billion (US$30 billion) and £26
billion (US$31 billion).

 South China Morning Post 18th Feb 2023


February 20, 2023 - Posted by | business and costs, UK

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