The planned Hinkley Point C nuclear power plant could cost consumers £50 billion ($57.7 billion) over the life of the project, according to new figures from the UK government released on Tuesday.
The new figure is more than eight times the £6 billion cost estimated in 2013. The surge has been caused by a decline in electricity prices as a result of the growth of renewable energy in the UK and the global crash in oil and gas prices.
The cost of Hinkley C was...
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