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EDF says revised estimates will have no impact on Hinkley Point contract
July 3, 2017 / 8:46 AM / 5 months ago

EDF says revised estimates will have no impact on Hinkley Point contract

PARIS, July 3 (Reuters) - Revised cost estimates and a delayed delivery in the Hinkley Point C nuclear power station in Britain will not have any impact on the contract signed by French utility EDF and the British government, the company said on Monday.

The French state-controlled utility raised its estimate for the costs involved with its Hinkley Point C power station it is building in Britain by 1.5 billion pounds ($1.95 billion), and added that the risk of a deferral in the delivery (COD) of the project was estimated at 15 months for Unit 1.

EDF energy director Vincent de Rivaz told journalists in a conference call that following discussions with the British government, the new cost estimates and delivery delay will have no impact on the Hinkley Point contract signed between the company, the British government and partners.

$1 = 0.7711 pounds Reporting by Bate Felix; Editing by Sudip Kar-Gupta

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