The Hinkley Point C nuclear power plant project, managed by EDF, is facing significant delays and cost overruns, with new estimates suggesting it may not be ready until 2031 and could cost up to £46bn (US$58bn). This development poses a challenge for the Labour Party and its leader, Starmer, as they have committed to decarbonizing the UK's energy market by 2030. Hinkley Point C, along with Sizewell C, is expected to meet 14% of the UK's energy demand. The project involves building two 1,630 MW nuclear reactors, the first new power plant in Britain since 1985, and is now projected to be the second-most expensive in the world, almost double its original budget. The British government is keen to reduce the costs of building nuclear plants, but the current situation with Hinkley Point C highlights the financial risks involved.
🔴 How France left the British taxpayer on the hook as Hinkley costs go nuclear. A series of cost overruns and delays are undermining the UK’s nuclear power revival https://t.co/tPw4Rp7V0b
In 2016 work started on Britain’s Hinkley Point C, a nuclear power plant which was supposed to be completed in 2025. This week the firm behind the project have admitted that it may not be ready until 2031, and could cost almost double its budget https://t.co/BQUG9V0RRa 👇
🇬🇧☢️Hinkley Point C could go £28bn over budget as EDF predicts further delays EDF SAYS its Hinkley Point C nuclear power plant could be delayed to as late as 2031, with costs rising to £46bn (US$58bn). The project, which includes building two 1,630 MW nuclear reactors in…
When the Hinkley Point C eventually opens it will be the first power plant in Britain in more than three decades and the second-most expensive in the world. But Britain wants to make nuclear plants cheaper to build: https://t.co/rh7qtcn3qd 👇
EDF’s delay to Hinkley Point C, and expected knock-ons to Sizewell C, is a big headache for Starmer and Labour, since one of their big pledges is to decarbonise the energy market by 2030. These two nuclear plants would in theory meet 14% of UK demand. But if neither turns up…