Britain’s new generation nuclear plant delayed

News agency Reuters have reported that; Britain’s first new-generation nuclear power plant is likely to come online in around 2020 at the earliest, two years later than the initial start-up date, after construction risks and costs have risen, French bank Societe Generale said on Tuesday.

EDF Energy, owned by French power giant EDF, plans to build Britain’s next nuclear plant at a site in Somerset, but has admitted its schedule to start the plant in 2018 has slipped, without giving a new date.

“One of the reasons for these expected delays is the increased degree of security required for construction and during operations (…) All of these will translate in higher risks and costs, and have jeopardized nuclear competitiveness,” analysts at the French bank said in a research note.

For the full report Reuters