EDF takes €12.9bn hit after Hinkley Point C delays and cost overruns
by Alex Lawson from Environment | The Guardian on (#6JP4W)
French energy firm swung to profit in 2023 despite impairment charge on struggling nuclear project in UK
The owner of the Hinkley Point C power plant has taken a near 13bn hit after delays and cost overruns to the vast nuclear project, which have triggered international political tensions.
France's EDF Energy said it had taken a 12.9bn (11bn) impairment charge on the project, weeks after it blamed inflation, Covid and Brexit for a four-year delay and extra 2.3bn bill for the Somerset plant.
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