Dubai Telegraph - New one year delay at UK Hinkley Point nuclear plant: EDF

EUR -
AED 3.873253
AFN 71.500988
ALL 98.146886
AMD 411.697238
ANG 1.894923
AOA 960.637148
ARS 1062.914198
AUD 1.623755
AWG 1.898113
AZN 1.795451
BAM 1.953405
BBD 2.122937
BDT 125.645966
BGN 1.956338
BHD 0.397486
BIF 3106.233047
BMD 1.054507
BND 1.412029
BOB 7.266127
BRL 6.293832
BSD 1.051481
BTN 88.779583
BWP 14.364118
BYN 3.440884
BYR 20668.341959
BZD 2.119342
CAD 1.477679
CDF 3026.43589
CHF 0.932288
CLF 0.037351
CLP 1030.622996
CNY 7.645601
CNH 7.65267
COP 4624.309522
CRC 537.031449
CUC 1.054507
CUP 27.944442
CVE 110.130509
CZK 25.270847
DJF 187.235135
DKK 7.45855
DOP 63.381097
DZD 140.851579
EGP 52.409956
ERN 15.817609
ETB 132.901051
FJD 2.393418
FKP 0.83234
GBP 0.833419
GEL 2.884051
GGP 0.83234
GHS 16.350033
GIP 0.83234
GMD 74.870149
GNF 9060.7203
GTQ 8.112094
GYD 219.98136
HKD 8.207072
HNL 26.592894
HRK 7.522073
HTG 137.897024
HUF 413.771244
IDR 16730.653739
ILS 3.851586
IMP 0.83234
INR 89.105282
IQD 1377.372246
IRR 44368.392346
ISK 144.710032
JEP 0.83234
JMD 166.083243
JOD 0.747967
JPY 160.167522
KES 136.82254
KGS 91.531609
KHR 4230.693086
KMF 491.924885
KPW 949.056119
KRW 1471.776676
KWD 0.324263
KYD 0.876201
KZT 528.437137
LAK 23087.039983
LBP 94156.09209
LKR 305.959111
LRD 188.205703
LSL 19.076371
LTL 3.113686
LVL 0.63786
LYD 5.144547
MAD 10.535234
MDL 19.256845
MGA 4919.828645
MKD 61.532797
MMK 3424.998391
MNT 3583.215554
MOP 8.425931
MRU 41.798964
MUR 49.108421
MVR 16.292494
MWK 1823.212991
MXN 21.412476
MYR 4.688316
MZN 67.383869
NAD 19.076552
NGN 1779.111701
NIO 38.691832
NOK 11.703006
NPR 142.045514
NZD 1.790658
OMR 0.405964
PAB 1.051511
PEN 3.957448
PGK 4.239722
PHP 61.920447
PKR 292.160789
PLN 4.306497
PYG 8218.690605
QAR 3.83242
RON 4.976647
RSD 116.990166
RUB 117.698321
RWF 1448.796392
SAR 3.96107
SBD 8.847938
SCR 14.874397
SDG 634.284883
SEK 11.533225
SGD 1.416841
SHP 0.83234
SLE 23.929466
SLL 22112.494623
SOS 600.951874
SRD 37.319539
STD 21826.170885
SVC 9.200459
SYP 2649.480933
SZL 19.073256
THB 36.334636
TJS 11.276655
TMT 3.70132
TND 3.31605
TOP 2.469762
TRY 36.520773
TTD 7.137115
TWD 34.344206
TZS 2788.497826
UAH 43.777486
UGX 3880.261451
USD 1.054507
UYU 45.064967
UZS 13509.310356
VES 49.333724
VND 26747.576214
VUV 125.193219
WST 2.943753
XAF 655.141414
XAG 0.03517
XAU 0.000399
XCD 2.849858
XDR 0.804291
XOF 655.135209
XPF 119.331742
YER 263.547718
ZAR 19.238093
ZMK 9491.827502
ZMW 28.678027
ZWL 339.550902
  • CMSC

    -0.0500

    24.52

    -0.2%

  • BTI

    0.2300

    37.94

    +0.61%

  • BP

    0.1700

    29.13

    +0.58%

  • NGG

    0.5000

    63.33

    +0.79%

  • GSK

    0.3100

    34.33

    +0.9%

  • AZN

    0.8400

    67.2

    +1.25%

  • RBGPF

    1.0000

    62

    +1.61%

  • SCS

    -0.0700

    13.47

    -0.52%

  • RELX

    0.2400

    47.05

    +0.51%

  • RIO

    0.2900

    62.32

    +0.47%

  • BCC

    -2.0100

    146.4

    -1.37%

  • JRI

    0.1700

    13.41

    +1.27%

  • RYCEF

    0.1100

    6.91

    +1.59%

  • CMSD

    -0.0700

    24.36

    -0.29%

  • BCE

    0.3900

    27.02

    +1.44%

  • VOD

    0.1100

    8.97

    +1.23%

New one year delay at UK Hinkley Point nuclear plant: EDF
New one year delay at UK Hinkley Point nuclear plant: EDF / Photo: HO - EDF ENGERY/AFP

New one year delay at UK Hinkley Point nuclear plant: EDF

An already-delayed giant nuclear plant in southwest England will open a year later than planned and cost up to £3 billion more than previously thought, French electricity giant EDF said Thursday.

Text size:

The total cost of Hinkley Point C, which aims to provide seven percent of Britain's total power needs, had already swelled to as much as £23 billion and had been due to begin generation in June 2026, already well behind schedule.

Hinkley Point is Britain's first new nuclear power plant in more than two decades.

"The start of electricity generation for Unit 1 is targeted for June 2027, the risk of further delay of the two units is assessed at 15 months, assuming the absence of a new pandemic wave and no additional effects of the war in Ukraine," EDF said in a statement adding that costs were now estimated between £25 billion ($31 billion, 30 billion euros) and £26 billion.

EDF said in its statement that there would be no additional cost to British consumers.

"During more than two years of the Covid-19 pandemic, the project continued without stopping. This protected the integrity of the supply chain and allowed the completion of major milestones. However, people, resources and supply chain have been severely constrained and their efficiency has been restricted.

"In addition, the quantities of materials and engineering as well as the cost of such activities, including, in particular marine works have risen," it added.

- 'Risky and expensive' -

Britain has a total of 15 nuclear reactors at eight sites around the country, but many of them are now approaching the end of their lifespan.

However, the government wants to maintain the 20 percent of electricity it generates from nuclear to help meet its pledge to reduce carbon emissions to net zero by 2050 and tackle climate change.

Critics have focused on the proposed design, which uses a new European Pressurised Reactor (EPR) system that has been beset by huge cost overruns and delays at sites in France and Finland.

Britain's National Audit Office has long criticised the scheme, with the watchdog saying the government has "locked consumers into a risky and expensive project with uncertain strategic and economic benefits".

Launched in 1992 as the pinnacle of French nuclear technology, the EPR was originally developed by Areva in a joint venture with Germany's Siemens, which later withdrew.

Later taken over by EDF, the project called for a plant able to operate for 60 years using pressurised water technology, the most widely-used in reactors around the world.

Similar problems to those at Hinkley have hit EDF's project at Flamanville in western France, although the firm has successfully launched two reactors with Chinese partners in Taishan, China.

D.Al-Nuaimi--DT