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Hinkley Point C nuclear power station (HPC) is a two-unit, 3,200 MWe EPR nuclear power station under construction in Somerset, England. [4]The site was one of eight announced by the British government in 2010, [5] and in November 2012 a nuclear site licence was granted.
The new plants are to be Hinkley Point C and Sizewell C and will eventually produce up to 6.4 GW in total. [1] EDF initially entered the UK nuclear industry with the acquisition of British Energy in 2009. At the same time, EDF established NNB GenCo as a separate subsidiary for the construction of additional new nuclear plants.
Framatome designs, manufactures, and installs components, fuel and instrumentation and control systems for nuclear power plants and offers a full range of reactor services. It is responsible for Flamanville 3, Taishan 1 and 2, and Hinkley Point C projects.
With EDF's market value halved over the preceding year, the cost of the Hinkley Point C project now exceeded the entire market capitalisation of EDF. [30] [31] In March 2017 EDF offered a €4bn rights issue of new shares to increase capital availability, at a 34.5% discount. The French government committed to purchasing €3bn of the rights issue.
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Horizon believed that the consensus of government and industry was that the Contract for Difference financing model used for Hinkley Point C nuclear power station, involving fully private sector financing, would not be used for subsequent nuclear plants, and discussions were held with government about alternative financing models. [25]
The lawsuit in Washington, D.C., federal court filed by the attorneys general of New Mexico and 13 other states alleges Trump has given Musk "unchecked legal authority" without authorization from ...
Hinkley Point A was one of three Magnox power stations located close to the mouth of the River Severn and the Bristol Channel, the others being Oldbury, and Berkeley.. The construction of the power station, which was undertaken by a consortium backed by English Electric, Babcock & Wilcox Ltd and Taylor Woodrow Construction, [5] began in 1957.