"EDF Raises French EPR Reactor Cost To Over $11 Billion"

"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."

Muriel Boselli and Michel Rose report for Reuters December 4, 2012.

SEE ALSO:

"Signs of Tampering Found at Shut San Onofre, California Nuclear Plant" (Reuters)

"Clinton in Prague To Lobby for Westinghouse Nuclear Bid" (Reuters)

"Nuclear Power Whistleblowers Charge Federal Regulators With Favoring Secrecy Over Safety" (Huffington Post)

"EDF Extends Life of Two Nuclear Power Stations" (Independent)
 

Source: Reuters, 12/04/2012