Due to the effects of the COVID-19 pandemic on the project’s development, EDF has disclosed a review of cost and schedule of the Hinkley Point C nuclear power plant. Start-up has been postponed a year, while its required investment increased £3bn.
Hinkley Point C’s first turbine is now scheduled to reach operations in June 2027, while the project’s total value is now calculated between £25bn and £26bn.
According to the developer, this rise in cost will not impact British taxpayers.
Hinkley Point C will be a 3.2GW nuclear power plant featuring two 1.6GW European Pressurised Reactors (EPRs). It will be located on land adjacent to the existing nuclear power plants at Hinkley Point, Somerset.
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