EDF: Hinkley Point C to be more costly than expected
(CercleFinance.com) - This morning EDF reviewed the costs, schedule and organisation of the Hinkley Point C nuclear power plant project in the UK.
It first turns out that after the completion of the nuclear unit block of unit No. 1 announced in September 2016, that of unit No. 2 is still due to be completed in June 2020.
That said, "The previously communicated risk of COD delay of unit one and two (of 15 months and nine months respectively) has increased," EDF said. In addition, the “project completion cost is now estimated between £21.5bn and £22.5bn, an increase of £1.9bn to £2.9bn compared to the previous estimate," EDF added.
EDF's project rate of return for Hinkley Point C (IRR) is now estimated at between 7.6% and 7.8%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
It first turns out that after the completion of the nuclear unit block of unit No. 1 announced in September 2016, that of unit No. 2 is still due to be completed in June 2020.
That said, "The previously communicated risk of COD delay of unit one and two (of 15 months and nine months respectively) has increased," EDF said. In addition, the “project completion cost is now estimated between £21.5bn and £22.5bn, an increase of £1.9bn to £2.9bn compared to the previous estimate," EDF added.
EDF's project rate of return for Hinkley Point C (IRR) is now estimated at between 7.6% and 7.8%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.