EDF: Hinkley Point equity cost might increase to 21 billion pounds

12/05/2016 10:41 Electricity Market

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French utility EDF declared on Thursday that contingency margins on its project to construct two nuclear reactors in Hinkley Point, Britain might raise the cost by around three billion pounds to approximately 21 billion pounds ($30.27 billion).

In a declaration before the yearly shareholders' meeting, EDF also announced that it expects a 115 month construction period - five months less than 10 years - after the final investment decision until commissioning of the first reactor. EDF made known in October that the Hinkley Point investment would be equity funded by EDF and its Chinese associate CGN with EDF's share attaining 12 billion pounds and CGN's share 6 billion pounds. Thursday's statement indicated that each partners’ equity promise comprises a contingency margin and could reach a total of 13.8 billion pounds for EDF and 6.9 billion pounds for CGN.

Growth in global carbon emissions slowed in 2019

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Daily (03.12.2019): NBP gas forward prices strongly bearish on Monday due to robust supplies from LNG terminals and from Norway

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