EDF Energy has claimed it could deliver new nuclear power station Sizewell C for around £5bn less than Hinkley Point C by “copying and pasting” to slash pre-construction costs. The Times newspaper reported that the French energy giant, which consulted last year on its plans for “second of a kind” UK nuclear plant Sizewell C in Suffolk, believes that work already carried out for Hinkley Point C could be replicated for Sizewell, cutting £2bn in pre-construction costs. Further billions could be saved by using contractors and equipment which have already gone through the approvals process necessary to work on a nuclear site, added the report.
New Civil Engineer 4th Jan 2018 read more »
EDF has claimed it can slash nuclear costs by “copying and pasting” parts of the design for the Hinkley Point C power station currently under construction in Somerset, the Times has reported. Hinkley is currently projected to cost £19.6 billion to build, with the price tag rising to as much as £20.3 billion if the completion date is delayed from 2025 to 2027. EDF is developing plans for a sister plant at the Sizewell C site in Suffolk and, according to the Times, the company thinks this “second of a kind” power station could be built for £5 billion less than the original. The firm believes it can eliminate the majority of the £2 billion pre-construction costs incurred on Hinkley, the paper reported, and billions more could be saved by re-using contractors and equipment which have already undergone the necessary certification and training. The cumulative effect would be a 20 to 25 per cent reduction in overall costs, meaning Sizewell C would be viable with a Contracts for Difference strike price of just £70/MWh compared to £92.50/MWh for Hinkley Point C (falling to £89.50/MWh if Sizewell goes ahead).
Utility Week 4th Jan 2018 read more »