The final cost of the Hinkley Point C nuclear plant being built in Somerset may soar by about a third, according to the French firm developing it.
EDF now estimates that the cost could hit £46bn, when taking price rises into account.
The completion date could also be delayed by three years.
The completion date could also be delayed by three years.
The UK government has said in the past it wants nuclear to provide up to 25% of the UK’s electricity needs by 2050 as part of its plans to combat climate change.
A government spokesperson said the new plant is “not a government project” and as such “any additional costs or schedule overruns are the responsibility of EDF and its partners and will in no way fall on taxpayers”.
Once Hinkley C is complete, it is expected to generate enough electricity to supply some six million homes, for the next 60 years.
The French state-owned firm manages all five nuclear power stations that are currently generating electricity in the UK, along with three that are defueling, the first stage of winding down operations.
In 2022, the cost of the UK’s first new nuclear plant since the 1990s was estimated at £26bn, with a target date for completion of June 2027.
The final cost of the Hinkley Point C nuclear plant being built in Somerset may soar by about a third, according to the French firm developing it.
The completion date could also be delayed by three years.
EDF now estimates that the cost could hit £46bn, when taking price rises into account.
The UK government has said in the past it wants nuclear to provide up to 25% of the UK’s electricity needs by 2050 as part of its plans to combat climate change.
The completion date could also be delayed by three years.
The completion date could also be delayed by three years.
The UK government has said in the past it wants nuclear to provide up to 25% of the UK’s electricity needs by 2050 as part of its plans to combat climate change.
A government spokesperson said the new plant is “not a government project” and as such “any additional costs or schedule overruns are the responsibility of EDF and its partners and will in no way fall on taxpayers”.
Once Hinkley C is complete, it is expected to generate enough electricity to supply some six million homes, for the next 60 years.
The French state-owned firm manages all five nuclear power stations that are currently generating electricity in the UK, along with three that are defueling, the first stage of winding down operations.
In 2022, the cost of the UK’s first new nuclear plant since the 1990s was estimated at £26bn, with a target date for completion of June 2027.
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