EDF Says Costs to Build Hinkley Point C Nuclear Plant Up $4.4 Billion

EDF's Hinkley Point C nuclear plant drawing

French utility EDF said the cost to build the Hinkley Point C nuclear power plant in the UK could increase £3 billion ($4.4 billion) over what the utility estimated last year.

EDF initially said construction costs would be around £18 billion ($26.1 billion), but new estimates put the price tag around £20.7 billion ($30 billion), according to the Belfast Telegraph. EDF said it would provide up to £13.8 billion ($20 billion), while Chinese utility CGN would fund £6.9 billion ($10 billion). The figures reportedly include a contingency margin.

The utility also said construction is scheduled to take 115 months, or nine-and-a-half years after a final investment decision is made, which could put the Hinkley Point C start date in early 2026, three years later than planned. EDF officials said a final investment decision will not be made until September.

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