Posted: 9th August 2021
EDF delays final decision on Sizewell C. French energy giant now expects
to leave it as late as 2023 before deciding whether to proceed with Suffolk
nuclear power project. The timeline for EDF to decide whether to go ahead
with the £20bn Sizewell C power station has slipped amid a lengthy
planning approval process that is playing out as funding negotiations with
ministers continue. The French power giant now expects to make a final
investment decision on the Suffolk plant at the end of 2022 or in 2023,
compared to its previous expectations of mid-2022. EDF is in negotiations
with the Government about a funding deal for Sizewell C and will also need
external investors. Legislation is likely to be brought forward to allow
developers to recoup costs during construction from household energy bills.
However, talks have been overshadowed in recent weeks by reports that
ministers are seeking ways to block CGN from Sizewell and future UK nuclear
projects. CGN has a 20pc development stake in Sizewell with an option to
participate in the construction phase.
Telegraph 8th Aug 2021
https://www.telegraph.co.uk/business/2021/08/08/edf-delays-final-decision-sizewell-c/