nuclear-news

The EPR nuclear sector: new dynamics show persistent risks -La cour des comptes .

 As recommended by the Court, the use of feedback and risk analysis has been
developed.

In addition to the excesses of the Flamanville 3 construction
site, the EPR reactors in operation in China (Taishan 1 and 2) and in
Finland (Olkiluoto 3) have experienced technical malfunctions in recent
years, with significant financial impacts, the consequences of which have
been damaging to the credibility of the EPR 2 programme.

In Great Britain, on the Hinkley Point construction site, EDF is facing a sharp increase in
costs accompanied by a further two-year delay, as well as a heavy
additional financing constraint caused by the withdrawal of the Chinese
co-shareholder.

As regards the new EPR project at Sizewell, delays are
already accumulating, with initial negative consequences in organisational
and financial terms. The Court recommends that a final investment decision
on this project should not be approved until a significant reduction in
EDF’s financial exposure to the Hinkley Point project has been achieved.
The Court also recommends ensuring that any new international nuclear
project generates quantified gains and does not delay the timetable for the
EPR 2 programme in France.

Cour des Comptes 14th Jan 2025, https://www.ccomptes.fr/fr/publications/la-filiere-epr-une-dynamique-nouvelle-des-risques-persistants

January 16, 2025 - Posted by Christina Macpherson | business and costs, France