Standard content for Members only
To continue reading this article, please login to your Utility Week account, Start 14 day trial or Become a member.
If your organisation already has a corporate membership and you haven’t activated it simply follow the register link below. Check here.
French utility EDF has implied that its flagship Hinkley Point C nuclear power plant will not start generating power in 2023 as originally planned.
The firm would not confirm a commissioning date for the £24.5 billion project, but at a recent press conference, chairman Jean-Bernard Lévy confirmed that it “will be updated at the point when [the final investment decision] is made”.
He added that, although FID has been pushed back from the initial forecasts, the construction time would remain the same – nine years. This would put the commissioning date at 2024.
RBC Capital analyst Martin Young said although Hinkley was a topic of conversation in the Q&A at the press conference, “no visibility was given on potential cost uplifts, although the possibility of a revised timetable was alluded to”.
In 2013, EDF said it expected Hinkley to begin generating electricity by 2023, subject to FID in July 2014.
However, in February, reports surfaced that the FID could be delayed to as late as October this year, due to negotiations between EDF and its Chinese project partner.
The firm told Utility Week all parties are working so that FID can be taken “as soon as possible”.
Yesterday, EDF insisted that problems with the construction of its Flamanville nuclear power plant in France will provide “invaluable learning” for other projects such as Hinkley.
Please login or Register to leave a comment.