October 9, 2019 / 6:24 AM / 15 days ago

France's EDF raises Flamanville cost estimate by 1.5 bln euros

PARIS, Oct 9 (Reuters) - French state-controlled utility EDF raised by 1.5 billion euros ($1.6 billion) the costs estimated for the long-delayed Flamanville nuclear plant it is building in northern France.

EDF said its latest estimate was for construction costs at Flamanville now standing at 12.4 billion euros.

EDF’s statement confirmed an earlier report in French newspaper Le Figaro, which had reported that EDF would increase the Flamanville costs by 1.2 billion euros.

In July 2018, just months after welding problems at Flamanville were first reported, EDF had already added 400 million euros to the budget.

In June this year, EDF said the reactor startup, which had initially been scheduled for 2012, would be delayed by another three years till end 2022.

$1 = 0.9127 euros Reporting by Geert De Clercq and Dominique Vidalon; Editing by Sudip Kar-Gupta

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