Zürcher Nachrichten - New one year delay at UK Hinkley Point nuclear plant: EDF

EUR -
AED 3.755302
AFN 73.122154
ALL 98.059513
AMD 411.69228
ANG 1.85336
AOA 932.458588
ARS 1068.013047
AUD 1.664725
AWG 1.842934
AZN 1.737847
BAM 1.952425
BBD 2.07639
BDT 125.453113
BGN 1.951834
BHD 0.385526
BIF 3042.081247
BMD 1.022432
BND 1.406441
BOB 7.105715
BRL 6.301659
BSD 1.028412
BTN 88.504856
BWP 14.473694
BYN 3.365416
BYR 20039.674774
BZD 2.065709
CAD 1.475467
CDF 2934.381103
CHF 0.937437
CLF 0.037374
CLP 1031.266304
CNY 7.496166
CNH 7.517056
COP 4446.60957
CRC 519.092422
CUC 1.022432
CUP 27.094458
CVE 110.075774
CZK 25.076588
DJF 183.131605
DKK 7.459973
DOP 63.129625
DZD 139.113774
EGP 51.799614
ERN 15.336486
ETB 129.043082
FJD 2.39116
FKP 0.841716
GBP 0.841221
GEL 2.888346
GGP 0.841716
GHS 15.168775
GIP 0.841716
GMD 73.10105
GNF 8892.423488
GTQ 7.936357
GYD 215.15818
HKD 7.960551
HNL 26.153273
HRK 7.538817
HTG 134.345087
HUF 413.327752
IDR 16650.986977
ILS 3.751667
IMP 0.841716
INR 88.350938
IQD 1347.176932
IRR 43197.768137
ISK 144.766472
JEP 0.841716
JMD 161.258077
JOD 0.725314
JPY 160.853669
KES 132.402387
KGS 88.951657
KHR 4156.750497
KMF 492.249522
KPW 920.189483
KRW 1503.56986
KWD 0.315469
KYD 0.857022
KZT 542.74461
LAK 22439.051346
LBP 92079.831043
LKR 302.930317
LRD 192.309411
LSL 19.544828
LTL 3.018977
LVL 0.618459
LYD 5.083163
MAD 10.335931
MDL 19.220396
MGA 4869.477095
MKD 61.418812
MMK 2145.062991
MNT 3474.225221
MOP 8.246882
MRU 41.042243
MUR 48.299708
MVR 15.751283
MWK 1783.186985
MXN 21.231509
MYR 4.610656
MZN 65.333422
NAD 19.545305
NGN 1590.915286
NIO 37.843835
NOK 11.740959
NPR 141.603424
NZD 1.840612
OMR 0.393706
PAB 1.022432
PEN 3.869809
PGK 4.122792
PHP 59.976393
PKR 286.399642
PLN 4.2689
PYG 8074.976334
QAR 3.749255
RON 4.977818
RSD 116.868638
RUB 105.849945
RWF 1430.500629
SAR 3.838007
SBD 8.628736
SCR 14.702697
SDG 614.482175
SEK 11.498546
SGD 1.404007
SHP 0.841716
SLE 23.260145
SLL 21439.899485
SOS 587.672312
SRD 35.89248
STD 21162.286116
SVC 8.998488
SYP 13293.666094
SZL 19.540834
THB 35.56787
TJS 11.219813
TMT 3.578513
TND 3.301125
TOP 2.504714
TRY 36.24712
TTD 6.980863
TWD 33.857338
TZS 2571.417429
UAH 43.489163
UGX 3802.440086
USD 1.022432
UYU 44.672972
UZS 13325.060418
VES 55.019175
VND 25985.119101
VUV 121.385257
WST 2.861427
XAF 656.266629
XAG 0.033866
XAU 0.00038
XCD 2.763175
XDR 0.791916
XOF 656.266629
XPF 119.331742
YER 254.841246
ZAR 19.55681
ZMK 9203.114615
ZMW 28.408607
ZWL 329.222811
  • SCS

    -0.3300

    10.97

    -3.01%

  • NGG

    -1.8500

    56.13

    -3.3%

  • AZN

    0.4300

    67.01

    +0.64%

  • RIO

    0.2100

    58.84

    +0.36%

  • GSK

    -0.6600

    33.09

    -1.99%

  • BTI

    -0.8400

    35.9

    -2.34%

  • RBGPF

    60.4900

    60.49

    +100%

  • BP

    0.1700

    31.29

    +0.54%

  • CMSC

    -0.1800

    22.92

    -0.79%

  • CMSD

    -0.1500

    23.25

    -0.65%

  • BCE

    -0.6700

    22.96

    -2.92%

  • BCC

    -1.5200

    115.88

    -1.31%

  • RELX

    -0.4000

    46.37

    -0.86%

  • RYCEF

    -0.0300

    7.07

    -0.42%

  • VOD

    -0.1600

    8.05

    -1.99%

  • JRI

    -0.1400

    12.08

    -1.16%

New one year delay at UK Hinkley Point nuclear plant: EDF
New one year delay at UK Hinkley Point nuclear plant: EDF / Photo: HO - EDF ENGERY/AFP

New one year delay at UK Hinkley Point nuclear plant: EDF

An already-delayed giant nuclear plant in southwest England will open a year later than planned and cost up to £3 billion more than previously thought, French electricity giant EDF said Thursday.

Text size:

The total cost of Hinkley Point C, which aims to provide seven percent of Britain's total power needs, had already swelled to as much as £23 billion and had been due to begin generation in June 2026, already well behind schedule.

Hinkley Point is Britain's first new nuclear power plant in more than two decades.

"The start of electricity generation for Unit 1 is targeted for June 2027, the risk of further delay of the two units is assessed at 15 months, assuming the absence of a new pandemic wave and no additional effects of the war in Ukraine," EDF said in a statement adding that costs were now estimated between £25 billion ($31 billion, 30 billion euros) and £26 billion.

EDF said in its statement that there would be no additional cost to British consumers.

"During more than two years of the Covid-19 pandemic, the project continued without stopping. This protected the integrity of the supply chain and allowed the completion of major milestones. However, people, resources and supply chain have been severely constrained and their efficiency has been restricted.

"In addition, the quantities of materials and engineering as well as the cost of such activities, including, in particular marine works have risen," it added.

- 'Risky and expensive' -

Britain has a total of 15 nuclear reactors at eight sites around the country, but many of them are now approaching the end of their lifespan.

However, the government wants to maintain the 20 percent of electricity it generates from nuclear to help meet its pledge to reduce carbon emissions to net zero by 2050 and tackle climate change.

Critics have focused on the proposed design, which uses a new European Pressurised Reactor (EPR) system that has been beset by huge cost overruns and delays at sites in France and Finland.

Britain's National Audit Office has long criticised the scheme, with the watchdog saying the government has "locked consumers into a risky and expensive project with uncertain strategic and economic benefits".

Launched in 1992 as the pinnacle of French nuclear technology, the EPR was originally developed by Areva in a joint venture with Germany's Siemens, which later withdrew.

Later taken over by EDF, the project called for a plant able to operate for 60 years using pressurised water technology, the most widely-used in reactors around the world.

Similar problems to those at Hinkley have hit EDF's project at Flamanville in western France, although the firm has successfully launched two reactors with Chinese partners in Taishan, China.

J.Hasler--NZN