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The Guardian - UK
The Guardian - UK
National
Jillian Ambrose

EDF reportedly seeking up to £4bn from investors to finish Hinkley Point C

Construction site at Hinkley Point C nuclear power plant
Hinkley Point C is due to start generating electricity by 2030, according to EDF – 12 years after construction began. Photograph: Reuters

The French energy company EDF is reportedly in talks with investors to raise up to £4bn to finish the delayed Hinkley Point C project in Somerset, Britain’s first new nuclear reactors in a generation.

The utilities company, owned by the French state, has approached investors to help cover the ballooning cost of constructing the nuclear plant, which is understood to have reached almost £50bn due in part to supply chain issues and struggles securing skilled engineers, according to Bloomberg.

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