(Bloomberg) — Electricite de France SA said repairs of faulty welds at a nuclear plant under construction in western France will boost the project’s cost by 14% to 12.4 billion euros ($13.6 billion), adding further financial strain to the cash-strapped atomic power giant.The latest budget hike at the Flamanville-3 reactor is yet another blow to the French state-controlled utility, which raised its cost estimate for two similar reactors it’s building in the U.K. just weeks ago. It also fuels doubts about nuclear’s future in France, where the government has been reluctant to approve new projects before Flamanville-3 is online.EDF has …read more
Source:: Yahoo Finance
