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.