EDF: new clarifications concerning Hinkley Point C.
(CercleFinance.com) - The Hinkley Point C project is still being talked about.
Indeed, one week to the day after announcing that, as indicated in the 2016 Reference Document, a full review of the costs and timetable of the nuclear reactor project was underway, in a new statement this morning EDF has said that it has now been completed.
The electricity giant admitted an increase in costs to completion of the project, which are currently estimated at 19.6 billion pounds, i.e. 1.5 billion pounds above the previous estimate. This new estimate integrates the success of operational action plans, in partnership with suppliers.
Estimated incremental costs mainly result from a better understanding of design, which is adapted to regulatory demands, volume and sequencing of on-site work - and the gradual introduction of supplier contracts, the group said.
As a consequence of this "readjustment", EDF's estimated rate of return (IRR) is around 8.5%, compared with 9% previously.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Indeed, one week to the day after announcing that, as indicated in the 2016 Reference Document, a full review of the costs and timetable of the nuclear reactor project was underway, in a new statement this morning EDF has said that it has now been completed.
The electricity giant admitted an increase in costs to completion of the project, which are currently estimated at 19.6 billion pounds, i.e. 1.5 billion pounds above the previous estimate. This new estimate integrates the success of operational action plans, in partnership with suppliers.
Estimated incremental costs mainly result from a better understanding of design, which is adapted to regulatory demands, volume and sequencing of on-site work - and the gradual introduction of supplier contracts, the group said.
As a consequence of this "readjustment", EDF's estimated rate of return (IRR) is around 8.5%, compared with 9% previously.
Copyright (c) 2017 CercleFinance.com. All rights reserved.