Publicatie Laka-bibliotheek:
Financing the Hinkley Point C project
| Auteur | S.Thomas |
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2-05-8-60-09.pdf |
| Datum | januari 2020 |
| Classificatie | 2.05.8.60/09 (GROOT-BRITTANNIË - HINKLEY POINT) |
| Voorkant | 
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Uit de publicatie:
Financing the Hinkley Point C project – an analysis by Professor Steve Thomas NFLA New Nuclear Monitor Policy Briefing Edition Number 60, January 2020 Executive Summary A funding crisis has put the completion of the Hinkley Point C nuclear power plant in doubt and has been brewing for at least five years. However, it is only part of the financial collapse that the majority owner, EDF is facing. Completing Hinkley will need an open-ended commitment of British and French public money. The sensible course is to abandon the plant now before more public money is wasted. When the deal for Hinkley was announced in 2013, for two reactors using the Areva EPR design, it was the British government’s offer to guarantee all the borrowing that would be required, expected to be about £10bn, that was the key. This seemed to open the way to borrowing at rock-bottom rates. The plant was expected to be online in 2023, the power purchase price was set at £92.5/MWh (index-linked in 2012 money) based on an assumed construction cost, excluding finance charges, of £14bn. EDF expected to take a 45% stake in the consortium, £6.3bn. By 2015, the outlook had dramatically changed for the worse. The