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  • Reuters - UK Focus3 days ago

    UK Hinkley plant could cost $38 bln in electricity payment top-ups -watchdog

    Britain's deal with EDF (Swiss: EDF.SW - news) to build the Hinkley Point C nuclear plant is risky and could lead to requests for more cash and electricity payment top-ups worth 30 billion pounds ($38 billion), a parliamentary watchdog said on Friday. "Delays have pushed back the nuclear power plant's construction, and the expected cost of top-up payments ... has increased from 6 billion pounds 30 billion pounds," the report from the National Audit Office (NAO) said. Hinkley Point C is Britain's first new nuclear plant to be built in decades.

  • Reuters - UK Focus11 days ago

    France's EDF picks new head of UK unit overseeing nuclear project

    French utility EDF (Paris: FR0010242511 - news) has appointed an Italian who heads its international operations to run its British unit that is handling the construction of two new nuclear reactors, EDF said. Simone Rossi, 47, will take up the post of chief executive at EDF Energy in November, succeeding Vincent de Rivaz, who is retiring after 15 years as CEO of the unit.

  • Reuters - UK Focus26 days ago

    ASN to rule on Flamanville reactor vessel early July

    French nuclear regulator ASN will rule at the start of July whether the lid of the reactor that utility EDF (Paris: FR0010242511 - news) is building in Flamanville is safe for use, an ASN spokesman said on Tuesday. The ASN said in 2015 that it had discovered excessive carbon concentrations in the cover and bottom of the Flamanville reactor vessel, which can weaken the mechanical resilience of the steel and its ability to resist the spreading of cracks. Since then, Areva (LSE: 0P4A.L - news) , which has designed the EPR reactor, EDF (Swiss: EDF.SW - news) and the ASN have been testing whether the weak spots could jeopardise the safety of the reactor.