EDF Energy, the British subsidiary of French energy group EDF, has decided to suspend preparatory works at the site of the Hinkley Point C nuclear power project in West Somerset (United Kingdom) until a final investment decision is taken. The company has carried out extensive work with its contract partners to make the Hinkley Point C project ready for a final investment decision. The next phase of work and the associated developments will require a significant increase in spendings and the final investment decision.
The Hinkley Point C project is developed by EDF Energy (45%-50%), China National Nuclear Corporation (CNNC) and China General Nuclear Power Corporation (CGNPC) with 15%-20% each and Areva (10%); a potential partner could take up to 15% in the project. It will consist of two 1,630 MW EPR reactors, expected to be commissioned in 2023 and 2024. Total investment is estimated at £16bn (€22bn).
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