French utility EDF said on Thursday that contingency margins on its project to build two nuclear reactors in Hinkley Point, Britain could increase the cost by about three billion pounds to nearly 21 billion pounds. In a statement ahead of its annual shareholders' meeting, EDF also said that it anticipates a 115 month construction period – five months short of 10 years – after the final investment decision until commissioning of the first reactor. EDF said in October that the Hinkley Point investment would be equity financed by EDF and its Chinese partner CGN with EDF's share amounting to 12 billion pounds and CGN's share 6 billion pounds.
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EDF says Hinkley Point equity cost could rise to 21 billion pounds
