☢️UK nuclear plans – will it all be completed on time?
 
📌Recently, the UK announced plans to build 8 new NPPs by 2030
 
📝Though NPP technology has remained broadly unchanged for >60 years, safety protocols mean the construction process takes several years; costs reach USD 8-10bn for the average-sized reactor. Several more years are needed for the receipt of the necessary environmental and government approvals

• Earlier in 2010, the UK announced the start of a new large reactor, Hinkley Point C, with a combined generation capacity of 3.26GW. The initial target was to start operations in the early 2020s. However, construction has been postponed several times and now it is expected to start operations only in 2026. Capex is now slated for GBP 22-23Bn (>10% above initial estimates). The construction of several other announced projects have not even commenced

❗️Therefore, it is entirely possible that the new British plans prove overly optimistic: costs could well be higher and timelines pushed outward