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Hinkley Point C nuclear plant announces ‘tremendous’ milestone

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Business Live

French energy giant EDF said it had taken ‘months of planning and close coordination’

Hinkley Point C power station in Bridgwater, Somerset

Hinkley Point C power station in Bridgwater, Somerset(Image: Hinkley Point C)

A huge crane has installed the second reactor at Hinkley Point C nuclear power station in a milestone described as “tremendous” by EDF.

The reactor was shipped from from France to Avonmouth Docks in Bristol before arriving in Somerset by barge earlier this year, with the final four miles to the Bridgwater site on a transporter.

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Now French-owned energy giant EDF says it has used a crane – named ‘Big Carl’ – to lift the 500-tonne cylinder into place before its precision installation inside the reactor building.

Simon Parsons, Hinkley Point C’s delivery director, said: “This marks a tremendous achievement by the entire team and one that has taken months of planning and close coordination between the 10 main contractors involved.”

Once inside the reactor building, the 13-metre-long vessel was lifted and rotated into a vertical position by the large internal crane and lowered onto a support ring with just 40mm clearance on either side.

Mr Parsons said Hinkley had not used a “cut and paste” approach but had taken lessons from the first reactor’s installation in 2023 to save time, money and disruption to the site.

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“Importantly, we are also applying those lessons to put Unit 2 well ahead of the first unit’s position at the equivalent stage, with more materials in place and more work achieved,” he said.

The Unit 2 reactor building is further ahead than at the same stage for Unit 1, EDF said, with more equipment installed, as well as more structural steel work and the outer containment layer already in place.

Big Carl lifts Hinkley Point C's second nuclear reactor into place

Big Carl lifts Hinkley Point C’s second nuclear reactor into place(Image: Hinkley Point C)

The reactor pressure vessel uses nuclear fission to make heat and steam for the world’s largest turbines, the Arabelle.

The announcement comes just months after it was revealed Britain’s first new nuclear station in a generation would face further delays at a cost of some €2.5bn to EDF, which is responsible for the project.

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Hinkley Point C is set to provide six million UK homes with zero-carbon electricity when it is up and running but the project has been plagued by cost overruns and delays since it received government approval in 2016.

EDF said in February the first reactor at Hinkley Point C would start operating in 2030 – a year later than expected and nearly 13 years since work began on the scheme.

The delay is expected to take the cost of the project up to £35bn – far more than the original estimate of £18bn when the scheme was green lit. But, in reality, the final price tag could be far higher once inflation is considered as the French-owned energy firm has outlined its estimates in 2015 prices.

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BNP Paribas: The Market Is Underestimating Valuation Risk

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BNP Paribas: The Market Is Underestimating Valuation Risk

BNP Paribas: The Market Is Underestimating Valuation Risk

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US military says it struck vessel in Caribbean, killing two

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US military says it struck vessel in Caribbean, killing two

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Global business leaders back faster electrification shift

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Global business leaders back faster electrification shift


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Gold rebounds as US-Iran talks progress; Fed outlook worries cap gains

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Gold rebounds as US-Iran talks progress; Fed outlook worries cap gains

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MinRes chair preferences internal candidate to succeed Ellison

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MinRes chair preferences internal candidate to succeed Ellison

Mineral Resources chair Malcolm Bundey is preferencing an internal candidate to succeed founder Chris Ellison after completing a global search for his replacement.

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China targets US rare earth and other firms with export controls

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China targets US rare earth and other firms with export controls


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Business News Live, Share Market News – Read Latest Finance News, IPO, Mutual Funds News

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Venice may hike visitor entry fee to €50 to curb overtourism

Venice’s new mayor, Simone Venturini, proposes a significant hike in the city’s controversial entrance fee, potentially reaching €50 on peak days. This move aims to curb overtourism by discouraging day-trippers and generating funds for the city’s upkeep. The fee, already in place since 2024, could see a substantial increase, pending government approval, as Venice seeks to balance resident needs with tourist influx.

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Iran touts progress in US peace talks; negotiations set to continue

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Iran touts progress in US peace talks; negotiations set to continue

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Metcash FY26 presentation: diversification offsets tobacco decline

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Metcash FY26 presentation: diversification offsets tobacco decline


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Oil Price Today (June 22): Crude oil rises above $80 as Iran shuts Strait of Hormuz again. What are experts saying?

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Oil Price Today (June 22): Crude oil rises above $80 as Iran shuts Strait of Hormuz again. What are experts saying?
Oil prices moved higher on Monday as shipping activity through the Strait of Hormuz slowed and early talks between U.S. and Iranian officials under an interim peace agreement got off to a difficult start.

Reuters reported that shipping data showed a sharp decline in the number of vessels passing through the Strait of Hormuz on Sunday after Iran announced it had once again closed the waterway, accusing Israel and the United States of violating the interim peace agreement.

Crude oil price on June 22

Brent crude futures rose 54 cents, or 0.67%, to $81.11 a barrel, after briefly touching $82.30 at the start of trading. U.S. West Texas Intermediate (WTI) crude futures gained $2.02, or 2.64%, to $78.62 a barrel ahead of the contract’s expiry later on Monday. The more actively traded August contract advanced $1.43 to $77.28 a barrel. U.S. markets were closed on Friday due to a holiday, resulting in no settlement.
Adding to market uncertainty, U.S. President Donald Trump threatened to resume attacks on Iran, even as U.S. Vice President JD Vance met Iranian officials on Sunday for the first discussions under the interim deal. Tehran, meanwhile, said Washington had failed to honour its commitment to halt fighting in Lebanon.

Also read: Global Market Today: Asian stocks slip, oil up on peace doubts

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In Lebanon, Israeli strikes killed at least 20 people on Saturday, according to the state news agency NNA. The attacks came a day after a ceasefire with Hezbollah took effect in an effort to stop months of escalating violence.


Despite Monday’s gains, oil prices had fallen more than 8% last week amid expectations that cargoes stranded inside the Gulf would be released and that U.S. sanctions on Iranian oil could eventually be lifted under a U.S.-Iran agreement.

Where are prices headed?

Despite the recent slide in oil prices, a complete reopening of Hormuz is expected to be a complex process. It will require careful coordination of vessel movements, the restart of oil wells, repairs to infrastructure and agreement on de-mining operations. Some shipowners also remain wary of operating conditions in the strait and the wider Persian Gulf.
Analysts note that global oil inventories were depleted during the extended disruption of shipping through the Strait of Hormuz and will take time to rebuild. Stockpiles could continue falling before fresh Gulf supplies begin reaching international markets.Last month, Saudi Aramco Chief Executive Officer Amin Nasser cautioned that disruptions in the Strait of Hormuz could delay a return to stability in global oil markets until 2027. According to Nasser, prolonged interruptions could affect nearly 100 million barrels of oil supply each week. Saudi Aramco remains the world’s largest oil producer.

Morgan Stanley described the oil market as being in “a race against time,” warning that some of the factors that have limited the rise in prices could weaken if the Strait of Hormuz remains closed through June.

The brokerage noted that higher U.S. crude exports and softer Chinese demand have so far helped absorb part of the supply shock. However, it cautioned that global supplies could tighten again if disruptions in the strategic shipping route continue, particularly beyond the period during which the U.S. and China are able to cushion the impact.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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