The Financial Times reported that the updated estimate accounts for 2025 prices, rising construction expenses, and challenges faced during EDF’s Hinkley Point C project in Somerset. The Financial Times report cited a senior government official and two industry insiders who characterised the £40bn estimate as a reasonable projection. However, a spokesperson from the Department for Energy Security and Net Zero described the figure as “speculative” and emphasised that discussions with potential investors remain “commercially sensitive.” .Julia Pyke and Nigel Cann, … read more »
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