Why is Hinkley Point so expensive?

While there are increasing risks of a delay, the firm says it is still on schedule for Hinkley to generate power in 2025. Meanwhile, it says the cost increases are due, primarily, to unforeseeably difficult ground conditions rather than design or build problems.

Who is the main contractor at Hinkley Point?

The work is being delivered by a joint venture – the MEH (mechanical, electrical and HVAC) Alliance – formed by energy company EDF and its major contractors Altrad, Balfour Beatty Bailey, Cavendish Nuclear and Doosan Babcock.

Does China own Hinkley points?

EDF executives suppressed horror as their Chinese partners made a risky suggestion. EDF, owned mostly by the French state, owns the majority 77.5pc stake in Hinkley and has presented CGN as a purely financial partner in a £22.5bn mega-project. …

How much does Hinkley Point cost?

The project completion cost at Hinkley Point C is now estimated at 22 billion to 23 billion pounds, half a billion more than estimated in 2019, EDF said in a statement Wednesday. The first reactor will begin producing power in June 2026, compared with end-2025 as initially announced in 2016, it said.

Will there be a Hinkley Point D?

Hinkley C is due to open in June 2026 and will cost between £22bn and £23bn. The new roles will bring the total working on the site to more than 7,000, according to EDF, the French energy firm leading the project. The plant is due to open in June 2026 and not in 2025 as planned and will cost between £22bn and £23bn.

What would happen if Hinkley Point exploded?

If there was a nuclear incident at the plant, the nearby population would be told to stop consuming vegetables, milk and water within 24 hours, according to the report. Hinkley Point C in Bridgwater will be the first new nuclear power station built in the UK in more than 20 years.

Is Hinkley Point Safe?

ONR said it was satisfied that the Hinkley Point B Reactors 3 and 4 are safe to operate for these specified periods, and that they can be safely shut down, including in a significant seismic event, if required.

Who built Hinkley Point?

EDF Energy
According to December 2017 estimates, Hinkley is being built for £20.3 billion by 2025, to be paid over a 35-year period….Hinkley Point C nuclear power station.

How much of England is owned by China?

It reveals that Chinese investors own nearly £57bn of shares in the UK’s 100 biggest listed companies, dominated by a 49 per cent stake in HSBC worth £45bn. Investments valued at over £1bn have also been made in pharmaceutical giant AstraZeneca, oil and gas firms Shell and BP and alcohol company Diageo.

Does China own EDF?

The electricity distribution (or downstream) networks formerly known as EDF Energy Networks were sold in November, 2010 to Hong Kong-based Cheung Kong Group (CKG), owned by billionaire Li Ka Shing. Later, EDF Energy Networks was renamed to UK Power Networks.

Is Hinkley Point C built?

Is Hinkley Point still being built?

According to December 2017 estimates, Hinkley is being built for £20.3 billion by 2025, to be paid over a 35-year period….Hinkley Point C nuclear power station.

Is there a nuclear power station at Hinkley Point?

Hinkley Point C nuclear power station ( HPC) is a project to construct a 3,200 MWe nuclear power station with two EPR reactors in Somerset, England. The site was one of eight announced by the British government in 2010, and in November 2012 a nuclear site licence was granted, (as of September 2020, Hinkley is the only remaining newbuild).

What is the safety record of Hinkley Point C?

Our ambition is to achieve a ‘zero harm’ safety record. As with all of our operational nuclear power stations across the UK, the design basis for Hinkley Point C ensures that the proposed plant is secure against natural hazards that have a frequency of less than one in 10,000 years.

How much did it cost to build Hinkley Point C?

Hinkley Point C nuclear power station (HPC) Construction began 11 December 2018 Construction cost £22 billion to £23 billion Owner (s) EDF Energy Operator (s) NNB Generation Company

Where is the visitor centre at Hinkley Point?

The Hinkley Point visitor centre, located in Angel Place Shopping Centre in Bridgwater, is open for you to visit between 09.00 and 16.00 Monday to Friday, 09.00 – 13.00 on Saturdays. If you would like to book a tour of Hinkley Point C power station or for more information please contact the Visitor Centre by either telephone or e-mail.