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The Guardian - UK
The Guardian - UK
National
Alex Lawson

EDF takes €12.9bn hit after Hinkley Point C delays and cost overruns

EDF Hinkley FT Hinkley Point C United Kingdom
One of two nuclear reactors being built at Hinkley Point C nuclear power station, near Bridgwater in south-west England.
One of two nuclear reactors being built at Hinkley Point C nuclear power station, near Bridgwater in south-west England. Photograph: Daniel Leal/AFP/Getty Images

The owner of the Hinkley Point C power plant has taken a near €13bn hit after delays and cost overruns to the vast nuclear project, which have triggered international political tensions.

France’s EDF Energy said it had taken a €12.9bn (£11bn) impairment charge on the project, weeks after it blamed inflation, Covid and Brexit for a four-year delay and extra £2.3bn bill for the Somerset plant.

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