Climate Changed
EDF Says U.K. Nuclear-Project Cost May Top 20 Billion Pounds
- Reactor design adapted to requirements of British regulators
- Company sees risk of delay, reducing expected rate of return
Hinkley Point C nuclear power station under construction.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Electricite de France SA said the final bill for building two new reactors in the U.K. could rise to more than 20 billion pounds ($26 billion), reflecting changes to supplier contracts and plant design, and potential construction delays.
The estimated completion cost for the Hinkley Point C reactors in southwest England is now 19.6 billion pounds, up from 18 billion pounds last September, the Paris-based company said Monday in a statement. A slippage in schedule could add a further 700 million pounds, it said.