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.
Subscribe to Nuclear Power International magazine