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Hinkley Point Nuclear Power Station At Least £1.5bn Over Budget
The first nuclear power station project to have been launched in the UK for more than 20 years is at least £1.5 billion over budget and the cost overrun for the Hinkley Point site in Somerset could reach £2.2 billion – which will see total spend hit £20.3 billion, instead of £18 billion.
This is according to French state-owned company and developer of the project EDF, which has now said that it could in fact be completed 15 months behind schedule, the Guardian reports.
It’s possible that the first reactor may not actually begin generating electricity until 2027, while the second is thought to be facing a nine-month delay. The holdups could mean that some of the UK’s older power stations may need to stay open for longer.
Commenting on the news, executive director at Greenpeace UK was quoted by the news source as saying: “Hinkley is already over time and over budget after just a few months of building work. Today’s news is yet another damning indictment of the government’s agreement to go ahead with this project.”
And co-leader of the Green party Jonathan Bartle added that hardly a week goes by without some fresh evidence appearing that the project is a “terrible deal”.
Back in March, EDF Energy revealed the progress that has been made so far, with the first concrete poured successfully for power station galleries, three million cubic metres of earth (more than 50 per cent of the total) already moved and the start of construction on a temporary jetty in the Bristol Channel so that the majority of the aggregate can be brought in by sea rather than by road.
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