EDF has been slammed after the company told investors that the costs of building the Hinkley Point C nuclear plant in the UK could balloon to £32billion by the time it’s completed. The debt-ridden French energy company noted that this is a significant 30 percent increase on the estimated costs of £26billion. Meanwhile, EDF, which is building Britain’s first nuclear power plant in 30 years, is fearful of a cash crunch as its Chinese partner may withhold extra funds from … read more »
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