France's Auditor Urges Caution on Sizewell C Investment Amid Cost Concerns

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France's Auditor Urges Caution on Sizewell C Investment Amid Cost Concerns
NUCLEAR POWEREDFSIZEWELL C

France's state auditor, Cour des comptes, advises EDF to postpone a final investment decision on the Sizewell C nuclear reactor project in the UK until it addresses financial risks associated with its other British project, Hinkley Point C. The auditor also emphasizes the need for profitability in international projects and urges EDF to prioritize new nuclear projects in France.

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France’s state auditor has said that French nuclear company EDF should not make a final investment decision in the UK’s Sizewell C reactor project until it has reduced its exposure to its other British development, Hinkley Point C. The Cour des comptes also said state-owned EDF must ensure that any international projects are profitable, and must not delay the programme of new nuclear projects in France.

This could lead to a more cautious approach from EDF towards six further EPR2 reactors in France, which were announced by French President Emmanuel Macron in 2022. Cour des comptes estimated the bill for these plants to be almost €80bn. The Cour des comptes also criticised the long-delayed Flamanville project in northern France, which recently started providing electricity to the grid, 12 years behind schedule.

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