Framatome and EDF make progress on Sizewell C nuclear project

Framatome, supported by EDF and Mitsubishi Heavy Industries, is leading the delivery of Sizewell C systems to support the UK's Net Zero targets.
Projet nucléaire Sizewell Framatome EDF

Partagez:

Framatome, majority owned by EDF (80.5%) and partly by Mitsubishi Heavy Industries (19.5%), has announced its key role in the supply of nuclear heat generation and safety control systems for Sizewell C. These commitments also cover fuel fabrication for the two reactors and the maintenance required to operate the plant.

Reactor planning and design

Sizewell C is planned to integrate two EPR-type reactors producing 3.2 GW of electricity, enough to power around six million homes, similar to the design of the Hinkley Point C site in Somerset. Bernard Fontana, CEO of Framatome, expressed his pride in contributing to the UK’s 2050 carbon neutrality targets, highlighting the experience gained from the Hinkley Point C project.

Partnership development and project financing

Initially, EDF and China General Nuclear (CGN) had agreed in October 2016 to develop the Sizewell C project through to final investment decision, with EDF holding 80% and CGN 20%. However, Sino-British relations cooled, leading the British government to take a 50% stake in the project in November 2022, with an initial investment of GBP 679 million (USD 845 million), followed by additional funding of GBP 511 million in summer 2023.

Innovative financing strategies

The UK government has been exploring new funding models, such as the Regulated Asset Base (RAB) model, which allows consumers to contribute to the financing of new nuclear infrastructure during the construction phase. This marks a change from the previous system of contracts for difference, where income is only received once the plant is up and running.

In January, a further GBP 1.3 billion of government funding was approved for essential infrastructure works, and last month Sizewell C Ltd, mainly owned by the UK government, acquired the land for the new power station in agreement with EDF Energy.

  • Populaires ​
Jinko ESS and Metlen sign 3GWh battery storage deal for Chile, Europe
Invenergy and Meta expand US portfolio with an additional 791 MW
France: Générale du Solaire inaugurates 20 MWc floating solar plant in Alsace
Burundi Inaugurates Major $320 Million Hydroelectric Power Plant
Chevron and Energy Transfer Expand Their LNG Agreement at Lake Charles
World Bank resumes nuclear financing after decades of absence
After several decades without funding nuclear projects, the World Bank has formed a strategic partnership with the IAEA to provide technical and financial support to countries integrating nuclear energy into their energy strategies.
Seoul approves definitive decommissioning of South Korea’s first nuclear reactor
South Korea's Nuclear Safety and Security Commission officially validates the decommissioning of reactor number one at the Kori plant, initiating an unprecedented project for the national industry scheduled to last until 2037.
EnCore Energy raises uranium output and hails Texas nuclear reforms
Uranium producer enCore Energy surpasses three thousand pounds per day at its Alta Mesa ISR complex and sees three new Texas laws as a strong signal for faster nuclear production permits.
IAEA Confirms Concerns About Iranian Enriched Uranium Stockpile
The International Atomic Energy Agency expresses concerns over Iran’s enriched uranium stockpiles following the abrupt suspension of inspections at key sites disrupted by recent attacks whose consequences remain uncertain.
India: NPCIL extends deadline to September 30 for BSR reactor proposals
NPCIL has announced an extension until September 30 for industrial proposals concerning Bharat Small Reactors (BSR), following increased interest from the Indian private sector.
Brno rejects EDF lawsuit over Czech nuclear contract
A regional court has upheld the award of two new reactors in the Czech Republic to Korea Hydro & Nuclear Power, dismissing Électricité de France’s challenge to the €16bn contract in a decisive step for the national energy programme.
EDF anticipates immediate reduction in nuclear output amid heatwave
Facing rising temperatures, EDF anticipates cuts in nuclear production starting early July, primarily due to thermal constraints on rivers used for cooling the power plants.
Fortum selects Westinghouse to study an AP1000 reactor in Finland
The preliminary agreement launches planning and site assessment for a tailored AP1000 reactor, following two years of feasibility study, and enlists Westinghouse and Hyundai to support Fortum’s regional nuclear expansion.
United States: Unprecedented firing of nuclear regulator sparks intense controversy
Donald Trump's unprecedented decision to dismiss Christopher Hanson, a member of the NRC, provokes outrage among former federal officials and raises concerns over the regulatory independence of the U.S. nuclear sector.
Uranium Energy Corp acquires 170 million shares of Anfield Energy Inc.
Uranium Energy Corp strengthens its position in Anfield Energy Inc., now holding approximately 32.4% of the company’s shares following an investment of CAD19.55mn ($14.82mn), significantly expanding its strategic influence in the uranium market.
New York launches major nuclear project to secure its energy supply
New York State plans an advanced nuclear power plant with a 1-gigawatt capacity to meet long-term energy and economic goals, involving significant investment to enhance regional energy independence.
Orano challenges Niger’s decision to nationalize mining company SOMAÏR
Niger announces its intention to nationalize SOMAÏR, a mining company jointly owned with Orano, provoking strong opposition from the French company and paving the way for further international legal tensions.
Russia and Mali Sign Trade Agreements and Target Nuclear Energy
Russia strengthens its economic presence in Mali with new agreements, notably in nuclear energy and gold refining, consolidating strategic cooperation within a rapidly evolving geopolitical context.
United States releases additional $100 mn to restart Palisades Nuclear Plant
The US government grants a fourth payment of $100.45 mn to Holtec International to restart the Palisades Nuclear Plant, pending regulatory approval, marking an unprecedented event in the United States.
EDF secures £4.5 billion from Apollo to finance Hinkley Point C
EDF announces a major agreement with Apollo to raise up to £4.5 billion via bonds to finance the British nuclear project Hinkley Point C, whose costs continue to rise significantly.
France: Anne-Isabelle Étienvre Proposed by Élysée to Head the CEA
The Élysée proposes Anne-Isabelle Étienvre, current Director of Fundamental Research at the CEA, as General Administrator to replace François Jacq, recently appointed President of CNES.
Greece Considers Modular Reactors to Decarbonize its Maritime Industry
Greek Prime Minister Kyriakos Mitsotakis has announced his country's interest in small modular nuclear reactors to meet national energy challenges and decarbonize the maritime sector within the next fifteen years.
TerraPower raises $650 million with NVIDIA for modular reactors
TerraPower, an American nuclear company, secures $650 million funding from investors, including NVIDIA, to develop its Natrium modular reactors in the United States and internationally.
EDF and the French State Agree on €70 Billion Plan for EPR2
EDF and the French state finalize a €70 billion financing plan for six EPR2 nuclear reactors, including a specific territorial coordination framework in Gravelines led by Michel Marbaix, awaiting European approval by 2026.
Newcleo and Nextchem launch joint venture focused on modular nuclear reactors
Maire S.p.A and Newcleo form strategic partnership to industrialise the development of 200 MW modular nuclear power plants, via a joint venture majority-owned by Nextchem.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS