Power station bill soars by £1.5 billion

By in Business

THE cost of building Hinkley Point C nuclear power station will be at least ten per cent higher than planned and work could be delayed by up to 15 months, EDF Energy revealed this week.

The French giant - the project’s main backer – said the total cost of the station was likely to rise by £1.5billion to £19.6billion and claimed that much of the extra money would go on adapting the design to meet UK regulations.

The estimated increase followed a review of the project after EDF’s final investment decision last September.

The company still hopes to finish the first nuclear reactor by the end of 2025 as planned.

The latest setback follows on the heels of a report from the National Audit Office which described the Hinkley project as “a high-cost and risky deal with uncertain benefits for consumers”.

See the Free Press for full story

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