EDF Revises Up Flamanville Reactor Cost to EUR10.5 Billion
03 September 2015 - 5:42PM
Dow Jones News
By Matthew Dalton
PARIS--French state-controlled power utility Électricité de
France SA Thursday said a new reactor at the Flamanville nuclear
power plant would cost 10.5 billion euros ($11.8 billion),
significantly more than previously announced, and the reactor's
startup would be delayed to the fourth quarter of 2018.
The announcement is the latest in a string of setbacks for the
reactor project and Areva SA, the government-controlled company
that is building the reactor.
The cost of the reactor has skyrocketed, from an original
estimate of EUR3.3 billion to EU8 billion in 2012. Its start-up
date had already been delayed by three years to 2017.
Write to Matthew Dalton at matthew.dalton@wsj.com
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(END) Dow Jones Newswires
September 03, 2015 03:27 ET (07:27 GMT)
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