Five years on, 22,000 workers in Britain are at work on Hinkley Point C. The first reactor unit and the blue steel columns of the turbine building illuminated against the Somerset skyline.

What companies are working on Hinkley Point C?

EDF announces major contractors for Hinkley Point C

  • EDF Group 45-50%
  • Areva 10%
  • China General Nuclear Corporation (CGN) }
  • China National Nuclear Corporation (CNNC) } 30 – 40%
  • Discussions are taking place with a shortlist of other interested parties who could take up to 15%

How long will it take to build Hinkley Point C?

Overall, EDF admitted the project has gone about six months behind schedule. The plant is due to open in June 2026 and not in 2025 as planned and will cost between £22bn and £23bn. Those planning the construction have also changed their approach.

How much does Hinkley Point cost?

The project completion cost at Hinkley Point C is now estimated at 22 billion to 23 billion pounds, half a billion more than estimated in 2019, EDF said in a statement Wednesday. The first reactor will begin producing power in June 2026, compared with end-2025 as initially announced in 2016, it said.

Who built Hinkley Point?

Electricite de France (EDF)
The Hinkley Point C (HPC) nuclear power plant being developed by Electricite de France (EDF) in Somerset is the UK’s first new nuclear plant in more than 20 years.

How many men work on Hinkley?

The number of people across Britain working on the Hinkley Point C power station has grown to 22,000, new figures show. There are now 6,300 workers on site, compared with 1,500 at the height of the pandemic last year. Final contracts for Hinkley Point C were signed five years ago.

Who is Bylor?

The BYLOR joint venture is a unique form of project delivery, bringing together the expertise of two specialist teams, to focus on challenge and innovation to achieve project delivery on time and within budget. Hinkley Point C (HPC) will be the first new nuclear power station in a generation.

Who is paying for Hinkley Point?

The European Commission has previously estimated £24.5 billion, including financing costs during construction. Financing for the project will be provided “by the mainly [French] state-owned EDF [and Chinese] state-owned CGN will pay £6 billion for one third of it”. EDF ‘might sell another 15% stake in the project’.

Why is Hinkley Point C so expensive?

While there are increasing risks of a delay, the firm says it is still on schedule for Hinkley to generate power in 2025. Meanwhile, it says the cost increases are due, primarily, to unforeseeably difficult ground conditions rather than design or build problems.

Who finances Hinkley points?

EDF
Financing for Hinkley Point C The Hinkley Point C nuclear power project will be fully financed by EDF and CGNP. The total cost of the project over its lifetime covering construction, operation, nuclear waste management and decommissioning is estimated to be £45.5bn ($59.8bn) at 2016 constant prices.

Is Hinkley Point C going ahead?

The UK’s newest nuclear power station is on track to open by the end of 2026, the company building it has said. Hinkley Point C in Somerset has been under construction by EDF Energy for five years.