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EDF raises French EPR reactor cost to over $11 billion

Mon, 12/03/2012 - 11:25am
Reuters

PARIS (Reuters) - French utility EDF has raised the cost of the construction of its next-generation nuclear reactor by more than 2 billion euros on Monday, the latest in a series of overruns for the first EPR reactor built in France.

Stricter regulation in the wake of the Fukushima nuclear disaster contributed to bringing the total cost of the 1,600-MW Flamanville European pressurized reactor to 8.5 billion euros ($11.11 billion), the group said.

In 2005, the state-owned utility estimated the reactor's cost at 3.3 billion euros.

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