The French energy utility EDF has estimated that the cost of the completion of the new Hinkley Point nuclear power plant expected to be almost 10% more than.
The company, the project’s main supporters, said that the total cost of the power plant was expected to be £1.5 bn £19.6 bn.
Hinkley Point C the UK would be the first new nuclear plant for decades, but has been overwhelmed with budget problems.
An EDF-review found the project could also be delayed for up to 15 months.
The company said that 700 would cost an additional£, but they hoped to avoid delays and finish the first reactor by the end of 2025.
Climate activists, said Hinkley Point “already over time and over budget” is only nine months since its approval.
Hinkley Point deal ‘too risky and expensive’
What Hinkley Point is and why it is important?
EDF is building two new reactors in Hinkley Point, the need is expected to exceed 7% of the electricity for 60 years.
The work is in progress on the plant in Somerset for Prime Minister Theresa May officially launched in September of last year.
EDF said the additional cost was partly attributable to the adjustment of the project design meet the requirements of the UK regulatory authorities.
The French state-controlled energy companies is financing two-thirds of the plant, invest in likely to more than 25,000 jobs, with China, the rest of it.
A government spokeswoman said: “consumers pay a Cent until Hinkley is built, it is a clean, reliable supply of electricity offer to keep the supply of six million house.”
The construction costs of Hinkley Point, including any overruns, will be met by EDF and other donors, she said.
John Sauven, executive director of Greenpeace UK, said: “Hinkley is already over time and over budget after only a few months of construction.
“Today’s news is a further indictment of the government, the agreement to continue to work on this project.”
EDF said it remained on track to complete the project, it could come to the first major milestone in 2019, but that delays the later in the project.
Last month, auditors called the new nuclear power plant “risky and expensive”.
The National Audit Office said the government had “increasingly the focus of Hinkley Point C is unquantified strategic benefits, but it has little control over this, and no plan yet to realize it”.
Hinkley Point C timeline
Image copyright Getty Images
2007: EDF-chief of the British house predicts will be holding their Christmas turkeys cooking in the year 2017 with electricity from Hinkley Point C
2008: The project is intended, by the Labour government as a potential site of a “nuclear renaissance”
2013: The Conservative-Liberal Democrat coalition government approved the construction of Hinkley Point C and agreed to commercial terms with EDF
2015: EDF signed a deal with the Chinese state-to help owned nuclear company CGN, and Finance the project
March: EDF Finance chief leaves ahead of a final investment decision on the plant
July: Theresa May delays the final decision on Hinkley shortly after the Prime Minister
September: The Conservative government approved the Hinkley and signed a deal with EDF and CGN