Hinkley Point C Update
Hinkley Point C Update
Over recent months, Hinkley Point C project has
achieved a series of big milestones:
- On 15 December 2023, the dome was
lifted and installed on Unit 1,
- The detailed design for the next
phase of electromechanical (MEH) work was finalised,
- 70% of the equipment to be
installed on Unit 1 has been delivered,
- The steam generators have been
built and are ready for delivery,
- Testing of the UK instrumentation
and control system is underway.
As a reminder, the Group announced on 19 of May
20221 that the start of electricity production was scheduled for
June 2027. At that time, the risk of further delay in the delivery
of the two units was estimated at 15 months. The cost of completion
of the project was estimated between £25 and £26 billion in
20152.
A review of the Hinkley Point C project has been
finalised and has led to the following re-evaluation of the
schedule and costs:The aim of the project is to bring Unit 1 into
service around the end of the decade. Several scenarios have been
analysed:
- The first scenario around which the
project is organised is targeting becoming operational in 2029.
This schedule is based on a target productivity for the
electromechanical work, which action plans are being drawn up to
achieve.
- A second scenario (base case),
which assumes certain risks inherent in the ramp-up of the
electromechanical work and the testing schedule do materialise,
would see Unit 1 operational in 2030.
- Finally, given the complexity of
the project, an unfavourable scenario assuming a further 12-month
risk materialises could lead to Unit 1 being operational in
2031.
The costs of completing the project are now
estimated at between £31 billion and £34 billion in 2015 values.
The cost of civil engineering and the longer duration of the
electromechanical phase (and its impact on other work) are the two
main reasons for this cost revision. If the risk of an additional
delay of 12 months mentioned above in the final scenario does
materialise it would result in an estimated additional cost of
around £1 billion in 2015 values.
The project continues to capitalise on the
experience gained from construction of the 4 other EPRs around the
world.
HPC will be a major source of decarbonised
electricity supply for the UK, providing around 7% of national
consumption.
This press release is certified. Check
its authenticity on medias.edf.com
About EDF As a major player in
energy transition, the EDF Group is an integrated energy company
active in all businesses: generation, transmission, distribution,
energy trading, energy sales and energy services. EDF group is a
world leader in low-carbon energy, having developed a diverse
production mix based mainly on nuclear and renewable energy
(including hydropower). It is also investing in new technologies to
support energy transition. EDF’s raison d’être is to build a net
zero energy future with electricity and innovative solutions and
services, to help save the planet and drive well-being and economic
development. The Group is involved in supplying energy and services
to approximately 40.3 million customers (1), of whom 30.3 million
in France (2). It generated consolidated sales of €143.5 billion in
2022.
(1) Customers are counted per delivery site. A
customer can have two delivery points: one for electricity and
another one for gas. (2) Including ÉS (Électricité de Strasbourg)
and SEI.
1 See also the press releases dated 27 January 2021 and 19 May
2022.2 In 2015 pounds sterling, excluding interim interest, at a
project reference exchange rate of £1 = €1.23.
- Hinkley Point C PR 23012024
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