French auditor recommends EDF delay investment decision in UK Sizewell


Unlock Editor’s Digest for free

France’s state auditor says French nuclear company EDF should not make a final investment decision on the UK’s Sizewell C reactor project until it has reduced its exposure to Hinkley Point C.

In a report published on Tuesday, France’s Cour des Comptes also said that EDF must ensure that any international projects must make “estimated profits” and must not delay the bags program French nuclear project.

The auditors’ comments were not linked to Financial Times reporting that the cost of building the Sizewell C project in Suffolk likely to reach £40bnthe estimate will double in 2020. Delaying the final investment decision from EDF could stop the project and increase costs.

Asked about the FT report, a spokesperson for the Cour de Comptes said that, given the rising costs of other projects, this increase seemed “logical”.



Source link

  • Related Posts

    Exclusive: Meta in deployment of deploying stabecoins three years after the Landmark Crypto Project

    In 2019, Meta Office has partnered A wise Project: a new cryptocurrency that can be used across Facebook, WhatsApp, and a host on other digital platforms. However, the company pulls…

    Dems to introduce Bill to make Trump’s rates more transparent

    Rockwell Automation CEO, Blake Moret, discusses how the rates affect business as the company has a production gaze and uses automated robotics. The Democrats planned to submit a bill that…

    Leave a Reply

    Your email address will not be published. Required fields are marked *