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What does the Cour des Comptes Report mean for Hinkley Point C and Sizewell C?

29 Apr 2025, Stephen Thomas, University of Greenwich, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5195981

Abstract

The January 2024 report by France’s Cour des Comptes on the future of the European Pressurised Reactor sheds light on the prospects for the UK’s Hinkley Point C and Sizewell C projects. It shows that the main contractor and a key financier, the state-owned Electricité de France does not have the human and financial resources to complete these projects without compromising its ability to fulfil its primary obligations in France.

I argue that the Hinkley Point C project, under construction since 2016, should be scaled back to no more than one rather than two reactors. The Sizewell C project, yet to reach a final investment decision despite the expenditure of at least £3.7bn of UK taxpayer money, should be abandoned. 

May 17, 2025 - Posted by | business and costs, safety

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