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Hinkley Point C Delayed Again, Costs Rise to £35bn

Setback to UK's Net Zero Plans as Nuclear Power Station Faces Further Delays and Cost Overruns

  • Hinkley Point C, the UK's first new nuclear power station in a generation, is facing further delays and cost overruns, with completion now expected between 2029 and 2031, up to four years later than planned.
  • The project's cost has risen by as much as £10bn due to construction delays and inflation, with the total cost now estimated to be between £31bn and £35bn.
  • EDF, the French developer of the project, has cited civil construction being slower than expected and shortages of labour and materials, compounded by disruptions due to Covid and Brexit.
  • The delay is a setback to the UK government's net zero plans, which rely heavily on nuclear power. The government's Nuclear Roadmap sets a target of 24 gigawatts of nuclear power capacity by 2050.
  • Concerns have been raised about future funding for the project, with China General Nuclear Power, a junior partner in the project, having halted payments towards the development last month.
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