EDF, the French state energy giant that is building Britain’s new nuclear reactors, has admitted this morning that a similar project in Normandy will cost almost four times the original estimate. The beleaguered company said that the European Pressurised Reactor (EPR) in Flamanville was now expected to cost €12.4 billion. This is €1.5 billion more than the previous estimate. The built was initially supposed to cost €3.3 billion and the reactor was supposed to come on stream in 2012. EDF says that under the revised plan it hopes to load fuel at Flamanville at the end of 2022, a decade late. The entire EPR programme has been dogged by setbacks. Last month, EDF said that the two reactors being built at Hinkley Point in Somerset would cost between £21.5 billion and £22.5 billion — or £1.9 billion to £2.9 billion more than its previous estimate. Under the terms of the deal signed with the UK, the additional costs at Hinkley Point will be shouldered by EDF and its partner China General Nuclear, not by taxpayers. The cost increase at Flamanville follows the discovery of faulty welds at the site last year, and in particular “quality deviations” on the main steam lines at the reactor.
Times 9th Oct 2019 read more »
Nuclear: the Flamanville EPR will cost 12.4 billion euros, 1.5 billion more than expected. The bill of the third generation reactor will exceed 12 billion euros, more than three times the original budget. The EDF group will one day get out of the curse of Flamanville? On Wednesday, 9 October, the group announced that the work on defective welds would lead to additional costs: an additional 1.5 billion euros, bringing the total project budget to more than 12.4 billion euros. Launched in 2007, the Flamanville EPR reactor was initially to be connected to the electricity grid in 2012, and cost around 3.5 billion euros. In practice, it will not start until 2023 – at best. These difficulties come as EDF has also announced an additional cost of € 3.3 billion for the two EPR reactors it is building on the Hinkley Point C site in the United Kingdom. To date, only two EPRs in Taishan, China, have been commissioned.
Le Monde 9th Oct 2019 read more »
EDF 9th Oct 2019 read more »
Bloomberg 9th Oct 2019 read more »
French utility EDF faces an additional 1.2 billion euros in costs to repair faulty weldings at the nuclear reactor it is building in northern France, bringing the total budget to more than 12 billion euros, news daily Le Figaro reported on Tuesday, citing sources. The French Nuclear Safety Authority (ASN) said earlier this year that EDF faced new cost overruns and delays of up to three years at the nuclear reactor in Flamanville after the regulator ordered repairs. ASN has said EDF would have to repair eight faulty weldings in the reactor’s containment building, adding that it had rejected a request to delay repairs until 2024, after its start-up.
Reuters 8th Oct 2019 read more »