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EDF Update on Hinkley Point C project

Power News - Published on Fri, 27 Sep 2019

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The Hinkley Point C project successfully delivered J-0, the completion of the nuclear island common raft for its first unit in June 2019, in line with the schedule announced in September 2016. Following this major milestone a detailed review of the project’s costs, schedule and organisation was performed.

The review has concluded that:
The next milestone of completing the common raft for Unit 2 in June 2020, which was announced earlier this year, is confirmed
The previously communicated risk of COD delay of unit one and two (of 15 months and nine months respectively) has increased
The project completion cost is now estimated between GBP 21.5 billion and GBP 22.5 billion, an inrease of GBP 1.9 billion to GBP 2.9 billion compared to the previous estimate.

The range depends on the effectiveness of action plans to be delivered in partnership with contractors.

Cost increases reflect challenging ground conditions which made earthworks more expensive than anticipated, revised action plan targets and extra costs needed to implement the completed functional design, which has been adapted for a first-of-a-kind application in the UK context.

Under the terms of the Contract for Difference, there is no impact for UK consumers or taxpayers.

The management of the project remains mobilised to begin generating power from Unit 1 at the end of 2025. To achieve this, operational action plans overseen by the project management are being put in place. These involve the EDF Group's engineering teams in Great Britain and France, buildings and ancillary works contractors, and suppliers of equipment and systems throughout the supply chain.

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Posted By : Rabi Wangkhem on Fri, 27 Sep 2019
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