Following recent news of further delays and cost overruns at the UK’s 3,260MW Hinkley Point C nuclear power plant, the project company has reported a $14bn impairment on its assets.
French state-controlled utility Electricité de France (EdF), which controls the financing and construction of projects, last month updated the forecast for completion of Hinkley Point C between 2029 and 2031, with costs that rise between 39 billion and 43 billion dollars. The previous completion target set at May 2022 was June 2027. EdF is currently financing all construction costs of the project.
Announcing its 2023 annual report, the company also set this March as the planned target date for fuel loading at its 1,650MW Flamanville 3 nuclear power plant on the French north coast. When construction began in 2007, fuel loading was expected in 2011.
