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EDF Seeks Funding To Save Sizewell C Nuclear Plant

EDF is in a race against time to secure a funding deal for its proposed nuclear power station in Suffolk as delays risk making the project prohibitively expensive. The French energy giant has hired Rothschild as financial adviser for the Sizewell C project and says it wants a ‘definitive way forward’ from the government this year so it can start construction in 2022. The company building the £22 billion Hinkley Point C plant in Somerset has promised it can significantly reduce the cost of the sister plant in Suffolk, including by transferring workers and equipment between the two.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

source: thetimes.co.uk