"The UK's first nuclear power station for more than two decades is
running billions of pounds over budget and more than a year behind
schedule, EDF has admitted"

"The French state-owned company said that costs for two new reactors at
Hinkley Point C in Somerset could climb £2.2bn to a total of £20.3bn"

"The company said that £1.5bn of the increase was due to a 'better
understanding' of the construction work needed and UK regulatory
requirements"

Better understanding, my arse.

https://www.theguardian.com/uk-news/...ey-point-c-is-
22bn-over-budget-and-a-year-behind-schedule-edf-admits

--
(\_/)
(='.'=) "Between two evils, I always pick
(")_(") the one I never tried before." - Mae West

On 7/3/2017 12:47 PM, Mike Tomlinson wrote:

"The UK's first nuclear power station for more than two decades is
running billions of pounds over budget and more than a year behind
schedule, EDF has admitted"

"The French state-owned company said that costs for two new reactors at
Hinkley Point C in Somerset could climb £2.2bn to a total of £20.3bn"

"The company said that £1.5bn of the increase was due to a 'better
understanding' of the construction work needed and UK regulatory
requirements"

Better understanding, my arse.

https://www.theguardian.com/uk-news/...ey-point-c-is-
22bn-over-budget-and-a-year-behind-schedule-edf-admits


Typical media, "could" becomes "is", twice.

I wouldn't be surprised if part of the adjustments come from lessons
learned at the other European plant.

OTOH the dithery government policy doesn't help big investment projects
like this. Having started to recruit and create- their "New Build" team,
they then had to redeploy some of them because of the delays. It all
adds to the cost.

En el artículo ,
newshound escribió:

OTOH the dithery government policy doesn't help big investment projects
like this.

Agreed. The short-term five-year election cycle and consequent changes
in govt policy don't help when making long-term strategic investments in
infrastructure.

Having started to recruit and create- their "New Build" team,
they then had to redeploy some of them because of the delays. It all
adds to the cost.

Colour me cynical, but I don't believe this will be the last increase in
costs we will see. I'm fully expecting this to come in at the very
least double the original estimate. Most major projects do.

The FT article I posted a link to earlier in the week had this quote:
"After heavy losses elsewhere, EDF and Areva desperately need to make
money from Hinkley's two reactors"

Seeing as EdF and the Chinese are contractually obliged to cover any
cost increases out of their own pockets, I think it highly unlikely
they'll see much, if any, RoI.

In fact, I fully expect them to go cap-in-hand to the govt when Hinkley
C is nearly finished with the message "gissa a bailout or it doesn't get
completed" - a not-so-subtle form of blackmail.

--
(\_/)
(='.'=) "Between two evils, I always pick
(")_(") the one I never tried before." - Mae West

Tim Streater wrote:

Am I right in thinking that we don't actually need to give a flying
**** *how* much it costs? It's EDF paying, not us.
That's how I understood the deal.

On Monday, 3 July 2017 12:47:10 UTC+1, Mike Tomlinson wrote:
"The UK's first nuclear power station for more than two decades is
running billions of pounds over budget and more than a year behind
schedule, EDF has admitted"

"The French state-owned company said that costs for two new reactors at
Hinkley Point C in Somerset could climb £2.2bn to a total of £20.3bn"

"The company said that £1.5bn of the increase was due to a 'better
understanding' of the construction work needed and UK regulatory
requirements"

Better understanding, my arse.

https://www.theguardian.com/uk-news/...ey-point-c-is-
22bn-over-budget-and-a-year-behind-schedule-edf-admits

--
(\_/)
(='.'=) "Between two evils, I always pick
(")_(") the one I never tried before." - Mae West

All very predictable.

On Mon, 3 Jul 2017 16:38:52 +0100, Andy Burns wrote:

Am I right in thinking that we don't actually need to give a
flying
**** *how* much it costs? It's EDF paying, not us.

That's how I understood the deal.

That's what I have seen mentioned, as an aside, either on a radio
news bulletin (*) or reading the story one the BBC site.

Note "a radio news bulletin", singular. I've heard at least 3
bulletins this afternoon with this story.

--
Cheers
Dave.

In article ,
Tim Streater wrote:
Am I right in thinking that we don't actually need to give a flying
**** *how* much it costs [1]? It's EDF paying, not us. We will pay for
the volts generated, and AIUI, not a red cent until then.

You *really* think EDF etc will bankrupt themselves (or loose out badly)
just to provide the UK with electricity?

If so, you're even dafter than I thought. The customer will end up paying
regardless.

--
*Am I ambivalent? Well, yes and no.

Dave Plowman London SW
To e-mail, change noise into sound.

The funny thing is it seems that even when we tried it ourselves we were
woefully out on costs. I am beginning to think two things. People who cost
nuclear deliberately go low in order to get the dosh, or the engineers and
bean counters are more inept than the man in the street who knows you cannot
put a cost on safety. We all know what happens if you build to price don't
we?
Brian

--
----- -
This newsgroup posting comes to you directly from...
The Sofa of Brian Gaff...

Blind user, so no pictures please!
"Mike Tomlinson" wrote in message
...

"The UK's first nuclear power station for more than two decades is
running billions of pounds over budget and more than a year behind
schedule, EDF has admitted"

"The French state-owned company said that costs for two new reactors at
Hinkley Point C in Somerset could climb £2.2bn to a total of £20.3bn"

"The company said that £1.5bn of the increase was due to a 'better
understanding' of the construction work needed and UK regulatory
requirements"

Better understanding, my arse.

https://www.theguardian.com/uk-news/...ey-point-c-is-
22bn-over-budget-and-a-year-behind-schedule-edf-admits

--
(\_/)
(='.'=) "Between two evils, I always pick
(")_(") the one I never tried before." - Mae West