EDF Energy is planning to build Sizewell C as a follow-on project to Hinkley Point C in Somerset where more than 3,300 people are working on the construction site. Hinkley Point C is making good progress towards its next milestone in 2019 – the completion of the 4,500 tonne concrete platform on which the reactor buildings sit.
In a keynote speech at the annual Energy UK conference, Mr Rossi said that Hinkley Point C is on track and learning lessons from other new nuclear projects. By being a close copy of Hinkley Point, he said Sizewell C could be built at significantly lower cost.
“We have a great opportunity at Sizewell C to build a replica which would allow us to reduce the design costs. It would also reduce the development costs and we would profit from a skilled and experienced supply chain as well as lower qualification costs and paper work. All of that means a reduction in construction costs of about 20% which will eventually flow through to consumers.”
Mr Rossi explained that reducing the cost of finance of the project could provide further savings. He said this could be achieved by using a Regulated Asset Base funding model (RAB) which is a ‘tried and tested’ way of delivering public infrastructure.
Outlining EDF Energy’s vision for the future energy mix, Mr Rossi said nuclear should continue to provide around 20%-25% of Britain’s low carbon electricity needs. In order to meet our climate commitments, he said, the amount of renewables should double to 60% as gas is reduced and coal closes.
Mr Rossi told the conference that to achieve the biggest savings in construction costs, Sizewell C needed to be built soon after Hinkley Point C:
“There is an optimal distance between the two projects which is about five years. Hinkley Point construction started at the end of 2016 and so the best moment to start construction at Sizewell C is at the end of 2021. The further we wait, the lower the construction benefits will be because the supply chain may not be the same and skills could be forgotten.”
If Sizewell C gets the go-ahead, it will provide 6 million homes with affordable, reliable, low carbon electricity. Mr Rossi said Sizewell C would become an engine for economic growth in the East of England and could generate around 25,000 job opportunities during construction.
EDF Energy has already completed two stages of public consultation for Sizewell C. The third period of consultation will run until March after which an application will be submitted for a development consent order (DCO).
For more information about the Sizewell C project, visit http://sizewell.edfenergyconsultation.info/