nuclear-news

  Ministers set to admit Sizewell C nuclear plant price-tag has soared to £38bn. 

New official estimate reflects surging construction inflation and
contingency costs. Sizewell C nuclear plant will cost £38bn to build, the
UK government is set to admit for the first time next week as it reveals
the terms of an expected deal for private investors to fund a small portion
of the bill,

The new official estimate is a big increase from a £20bn
figure given by French energy giant EDF and the UK government for the
project in 2020, reflecting surging construction inflation and new
contingency costs.

A trio of private companies are set to invest around
£9bn of equity in Sizewell, but the majority of the construction will be
funded by loans underpinned by a levy on consumer bills, according to
people familiar with the matter.

The UK government is expected to remain
the largest investor in the project with a 47.5 per cent stake, the
Financial Times previously reported. The £38bn cost, details of the deal
and how the financial risk of the project will be shared is set to be
announced before the parliamentary summer recess begins on Wednesday, the
people said.

 FT 18th July 2025, https://www.ft.com/content/d4315905-e7b5-4c2c-a0d1-32dd302e7761

July 21, 2025 - Posted by Christina Macpherson | business and costs, UK