The Hinkley Point B station. EDF said that the Hinkley Point C nuclear plant, which is due to start generating electricity in 2025, would be significantly more expensive than planned Suzanne Plunkett/ReutersThe Hinkley Point new nuclear plant is at least £1.5 billion over budget and could be 15 months late, pushing cost overruns to £2.2 billion, EDF has admitted. Costs were now expected to be £19.6 billion but could hit £22.3 billion if delays materialised. The first reactor risked being delayed by 15 months – pushing first power to 2027 – and the second reactor risked a nine month delay. EDF said the £1.5 billion cost overrun that was now confirmed resulted “mainly from a…

Source: The Times July 03, 2017 10:52 UTC