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Nuclear Delay: EDF Admits Hinkley Point Won’t Be Ready By 2023

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Emily Gosden,The Daily Telegraph

The proposed Hinkley Point nuclear power station has been delayed and will not start generating power in 2023 as planned, developer EDF has admitted.

Jean-Bernard Levy, EDF chief executive, on Thursday insisted he had “full confidence in the success of the Hinkley Point project” but gave no date for when the £24.5 billion power station might now start generating electricity.

The latest delay raises the prospect that Hinkley – widely expected to be Britain’s first new nuclear plant in a generation – may now in fact be overtaken by other proposed nuclear projects with far quicker build times.

EDF said in 2013 that it planned for Hinkley to be generating electricity by 2023, subject to a final investment decision (FID) in July 2014.

But a decision has yet to be taken, following a protracted EU state aid inquiry and extended negotiations with the UK Government over subsidies and with Chinese investment partners.

Although a decision is now expected in October, Mr Levy admitted the 2023 start date for the project, which will be subsidised by households through their energy bills, could no longer be met.

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