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EDF’s UK Nuclear Project Cost Swells, Pushing Start Further Back

  • EDF raising Hinkley Point budget for fourth time in five years
  • Nuclear project delayed by war, pandemic, supply chain
Construction at the Hinkley Point C power station near Bridgwater, UK, in Sept. 2021.
Construction at the Hinkley Point C power station near Bridgwater, UK, in Sept. 2021.Photographer: Luke MacGregor/Bloomberg
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Electricite de France SA’s flagship Hinkley Point C nuclear plant project will cost more than expected and take longer to complete as the pandemic, supply-chain disruptions and Russia’s invasion of Ukraine boost the cost of materials and weigh on progress.

EDF now expects the two reactors it’s building in southwest England to cost between £25 billion ($31.2 billion) and £26 billion, the French energy giant said in a statement Thursday. That’s up from a previous range of £22 billion to £23 billion.