Point C costs soar by £1.5bn as project is hit by delays
energy supplier EDF has said this week that the cost of completing
the new Hinkley Point nuclear plant near Burnham-On-Sea will be
nearly 10% more than expected.
company, which is the project's main backer, said on Monday (July
3rd) that the total cost of the power station was likely to rise
by £1.5bn to £19.6bn.
EDF review found the project could also be delayed by up to 15 months.
The firm says that would result in an extra £700m in costs,
but that it hoped to avoid delays and finish the first nuclear reactor
by the end of 2025.
campaigners said Hinkley Point was "already over time and over
budget" even thpough its only nine months since it was approved.
is building two new reactors at Hinkley Point, which are set to
provide 7% of the country's electricity needs for 60 years.
said the extra costs are partly resulting from adapting the project's
design to meet the demands of UK regulators.
French state-controlled energy firm is funding two-thirds of the
plant, which is expected to create more than 25,000 jobs, with China
investing the rest.
spokeswoman said: "Consumers won't pay a penny until Hinkley
is built; it will provide clean, reliable electricity powering six
cost of building Hinkley Point, including any overruns, will be
met by EDF and the other backers said the spokeswoman, but critics
argue that customers will ultimately pay through higher energy bills.
Sauven, executive director at Greenpeace UK, told the BBC: "Hinkley
is already over time and over budget after just a few months of
building work. The news is yet another damning indictment of the
government's agreement to go ahead with this project."
says it remains on track to meet the project's first major milestone
in 2019 but that delays could come later in the project.
month, public auditors called the new nuclear plant "risky
and expensive" after the National Audit Office said the government
had "increasingly emphasised Hinkley Point C's unquantified
strategic benefits, but it has little control over these and no
plan yet in place to realise them".