EDF has raised the total cost of the Hinkley Point C nuclear power project currently being developed in Somerset (United Kingdom) to £25-26bn in 2015 prices (€30-31bn). In addition, the first unit is now expected to produce first power in June 2027, compared to end-2025 as initially announced in 2016; EDF assesses the risk of further delay of the two units at 15 months, assuming no new pandemic wave and no additional effects of the war in Ukraine.
The Hinkley Point C project is developed by EDF, CGNPC and CNNC and will consist of two 1,630 MW EPR reactors (namely Hinkley Point C-1 and Hinkley Point C-2). In September 2019, EDF announced that the project would require an additional investment of £1.9bn (€2.2bn) to £2.9bn (€3.3bn) for completion, due to challenging ground conditions making earthworks more expensive than anticipated, revised action plan targets and extra costs to implement the completed functional design. In January 2021, the group announced an additional investment of £500m (€565m), with a total cost reaching £22-23bn (€25-26bn), and new delays in commissioning, with first power from unit 1 rescheduled to June 2026.
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