The developer of Britain’s first nuclear power station in more than three decades has approached 12 pension funds about helping finance a sister plant on the other side of the country. Electricite de France SA is working on ways to pay for its Sizewell C project in East Anglia that will make it cheaper than the Hinkley Point C nuclear plant it’s building on the coast of Southwest England. Hinkley has been a lightning rod for controversy since the government pledged to pay 92.50 pounds ($122) a megawatt-hour for its power, more than 60 percent more than the latest offshore wind farms. EDF hopes that it can make a substantial dent in the costs of the new project by copying Hinkley’s design at the Sizewell facility and by getting the government and investors to shoulder some of the construction risks, according to Humphrey Cadoux-Hudson, managing director of nuclear development at EDF’s U.K. unit. “There’s an opportunity at Sizewell C to bring down construction costs by making a near identical copy of Hinkley Point C — we believe that reduction is around 20 percent,” Cadoux-Hudson said. “We’ve spoken to more than a dozen potential investors who are all interested in knowing more.”
Bloomberg 26th July 2018 read more »
EDF wooing pension funds to finance sizewell UK nuclear plant. The developer of Britain’s first nuclear power station in more than three decades has approached 12 pension funds about helping finance the plant.
Energy Voice 26th July 2018 read more »