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EDF, which had recently reported a 68% fall in net profit, was still looking at how it would finance its share of the project. With EDF's share price having halved over the preceding year, the cost of the Hinkley Point C project now exceeded the entire market capitalisation of EDF. EDF stated that "first concrete", the start of actual ...
On 21 September 2015, the British government announced it would provide a £2 billion support package for Hinkley Point C as Britain's first nuclear power station in 20 years. [ 154 ] On 21 October 2015, during Chinese president Xi Jinping's state visit to the United Kingdom, EDF and CGN signed an investment agreement for the £18 billion (€ ...
In the United Kingdom, a feed-in tariff of £92.50/MWh at 2012 prices (currently the equivalent of €131/MWh) [107] plus inflation compensation was set in 2013 for the new nuclear power plant to be built at Hinkley Point C, with a term of 35 years. At that time, this was below the feed-in tariff for large photovoltaic and offshore wind plants ...
The revised operating date for the nuclear power station is now June 2027 and the budget has increased to £25 billion as Covid delays are blamed.
EDF expects significant time and cost savings compared to the near-identical sister plant, Hinkley Point C. [citation needed] The projected construction cost of £20 billion (including "expected inflation and contingencies") for Sizewell C in the 2020 development consent submission [40] is 25% higher than the £16 billion (2012 prices ...
Construction started in 1981 at an estimated cost of $7.4 Billion 1993-adjusted CAD, and finished in 1993 at a cost of $14.5 billion. 70% of the price increase was due to interest charges incurred due to delays imposed to postpone units 3 and 4, 46% inflation over a 4-year period and other changes in financial policy.
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Centrica purchased a 20% stake in British Energy from EDF, and also had an option to acquire 20% of NNB GenCo, [2] but on 4 February 2013, Centrica stated it would withdraw from the project. [3] The company's plans include building four new nuclear reactors adjacent to existing plants, two at Hinkley Point C in Somerset and two at Sizewell C in ...