“EDF warns Hinkley nuclear plant could cost extra £2.9 billion, see more delays”

Note to our Local Enterprise Partnership:
1. Don’t whatever you do go for a day at the races and bet any money – your track record advises against it.
2. You have (and always have had) developers on your Board. Surely one of you could have tipped off EDF about “challenging ground conditions”!

“The British project cost hike also comes just days after the country saw an auction for offshore wind projects clear at a record low, raising questions of the cost competitiveness of new nuclear.

EDF said Hinkley Point C was estimated to cost 21.5-22.5 billion pounds ($26.8-$28 billion), up 1.9-2.9 billion pounds from its latest estimate. …

Crooks said the cost increase was related to challenging ground conditions at the site. …”

https://uk.reuters.com/article/uk-britain-nuclear-hinkley-edf/edf-warns-hinkley-nuclear-plant-could-cost-extra-2-9-billion-see-more-delays-idUKKBN1WA0K1?