Imperializt Russia wrote:Olerand wrote:God bless May for postponing the position on Hinkley Point and hopefully she'll torpedo the whole thing. EDF is building the fucking thing (using EPR technology which has become a quasi-failure in Flamanville and Finland), as well as providing 2/3 of the funding, and the project will cost more than EDF's current total market capitalization as the nuclear industry has collapsed in the last few years. This is a project that just might sink EDF, and May is doing us a favor by postponing this thing. If China's pissed, let it take on the entirety of the funding and responsibility.
If it were to go ahead, EDF wouldn't be sunk by it, unless it somehow transpired the EPR were completely impossible to work.
And the EPR passed the ONR's notoriously stringent design agreement phase, so that clearly isn't the case.
Outside of the failure of EDF to deliver on Flamanville 3, the company's current market capitalization is 23,3 billion Euros, Hinkley Point will cost 24 and a half billion. All of the unions in EDF have announced their opposition, and several of its directors have resigned. EDF, like all nuclear companies today, is struggling, and it cannot risk running over and above the already determined schedule and cost, not to mention that not a single EPR reactor is functioning today, the closest are in China and they're not working yet.
