French state utility EDF is in “a race against time” to secure a funding deal for its proposed Sizewell C nuclear power station in Suffolk as delays risk making the project prohibitively expensive, The Times reported (subscription).
According to the London-based newspaper the French energy giant has hired Rothschild as financial adviser for the project to build a new EPR unit and says it wants a “definitive way forward” from the government this year so it can start construction in 2022.
The company, which is building two new EPRs at the Hinkley Point C station in Somerset, has said it can significantly reduce the cost of a new plant in Suffolk, including by transferring workers and equipment between the two.
According to the London-based newspaper the French energy giant has hired Rothschild as financial adviser for the project to build a new EPR unit and says it wants a “definitive way forward” from the government this year so it can start construction in 2022.
The company, which is building two new EPRs at the Hinkley Point C station in Somerset, has said it can significantly reduce the cost of a new plant in Suffolk, including by transferring workers and equipment between the two.
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