Vincent de Rivaz, EDF’s chief executive, has admitted that Sizewell costs will be a big challenge – proof of EDF’s financial agony, and maybe that Sizewell is not as practicable as Bradwell, which China certainly wants for its own technology.
The Bradwell agreement puts EDF chief Rivaz’s response to Teresa May’s Hinkley go-ahead into sharp perspective.
Not picked up by the media as significant at the time (17.9.16 D Telegraph), he said EDF’s nuclear plans in the UK faced a series of “major challenges” and in a DT interview he added that there is a challenge to “make Sizewell significantly cheaper” than Hinkley.
That’s, of course, after the still mysterious fall in cost of Hinkley from the European Commission’s £24.5 bn to Rivaz’s new figure of £18bn, including £2bn inflation which, sage says, should be added to the EU figure too.
Not exactly comforting, given that the very costly EPR’s expense is supposed to be on safety engineering.