nuclear-news

Cost of EDF’s new UK nuclear project rises to $40 billion (msn.com).

By America Hernandez, 21 Feb 23 PARIS (Reuters) – EDF’s new nuclear plant in southwest England is likely to cost about 2% more than its last budget estimate as inflation propels the price tag to almost 33 billion pounds ($40 billion), EDF documents show.

Britain plans to build new nuclear plants to boost its energy security and help meet a target for net zero emissions by 2050.

EDF warned in a results presentation on Friday the cost of the Hinkley Point C project, Britain’s first new nuclear plant in more than two decades, “could reach 32.7 billion pounds” based on inflation indexes as of June 30, 2022.

Its previously published cost estimate in May 2022 was 31-32 billion euros when adjusted for inflation.

PARIS (Reuters) – EDF’s new nuclear plant in southwest England is likely to cost about 2% more than its last budget estimate as inflation propels the price tag to almost 33 billion pounds ($40 billion), EDF documents show.

Britain plans to build new nuclear plants to boost its energy security and help meet a target for net zero emissions by 2050.

EDF warned in a results presentation on Friday the cost of the Hinkley Point C project, Britain’s first new nuclear plant in more than two decades, “could reach 32.7 billion pounds” based on inflation indexes as of June 30, 2022.

Its previously published cost estimate in May 2022 was 31-32 billion euros when adjusted for inflation. https://www.msn.com/en-au/money/other/cost-of-edf-s-new-uk-nuclear-project-rises-to-40-billion/ar-AA17IxdK?ocid=msedgntp&cvid=a11054ac2c0c487f9a20627240342227

February 23, 2023 - Posted by Christina Macpherson | business and costs, UK