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UK / EDF ‘In Race Against Time’ To Finalise Funding For Sizewell C

By David Dalton
14 January 2020

French energy company ‘wants to start construction next year’
EDF ‘In Race Against Time’ To Finalise Funding For Sizewell C
EDF has said costs for Sizewell C could be about 20% lower than for Hinkley Point C (pictured), which is under construction in England.
French state utility EDF is in “a race against time” to secure a funding deal for its proposed Sizewell C nuclear power station in Suffolk as delays risk making the project prohibitively expensive, The Times reported (subscription).

According to the London-based newspaper the French energy giant has hired Rothschild as financial adviser for the project to build a new EPR unit and says it wants a “definitive way forward” from the government this year so it can start construction in 2022.

The company, which is building two new EPRs at the Hinkley Point C station in Somerset, has said it can significantly reduce the cost of a new plant in Suffolk, including by transferring workers and equipment between the two.

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