Doubts cast on EDF’s ability to build power stations on time and budget

 

French auditor questions wisdom of state-owned utility’s involvement in building the new Hinkley Point C power station in Somerset 

France’s state auditor has questioned the ability of the company building Britain’s next nuclear power plant to construct new reactors within “acceptable” costs and time-frames.                                                                                                          State-owned EDF has already said that its Flamanville nuclear plant in Normandy will now cost €12.4bn due to the expense of fixing 66 faulty welds. On top of that, the project will cost another €6.7bn, according to France’s Court of Accounts in a new report.                     

Presenting the damning 148-page report this week, Court of Accounts chief Pierre Moscovici said: “There is still uncertainty on the ability of the French nuclear industry, despite its current strong efforts, to build new nuclear reactors within a time frame and costs that remain acceptable.”                                                                                                               The criticism follows a £3bn surge in costs at the Hinkley Point C reactor EDF is building in Somerset.                                   The bill for the project will now be £22.5bn – £2.9bn more than previously forecast – with overruns paid for by EDF.

The Telegraph

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Our website uses cookies and thereby collects information about your visit to improve our website (by analyzing), show you Social Media content and relevant advertisements. Please see our page for furher details or agree by clicking the 'Accept' button.

Cookie settings

Below you can choose which kind of cookies you allow on this website. Click on the "Save cookie settings" button to apply your choice.

FunctionalOur website uses functional cookies. These cookies are necessary to let our website work.

AnalyticalOur website uses analytical cookies to make it possible to analyze our website and optimize for the purpose of a.o. the usability.

Social mediaOur website places social media cookies to show you 3rd party content like YouTube and FaceBook. These cookies may track your personal data.

AdvertisingOur website places advertising cookies to show you 3rd party advertisements based on your interests. These cookies may track your personal data.

OtherOur website places 3rd party cookies from other 3rd party services which aren't Analytical, Social media or Advertising.