Paul Flynn – 2015 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Paul Flynn on 2015-10-22.

To ask the Secretary of State for Energy and Climate Change, for what reasons the construction cost of the planned Hinkley Point C power station has reduced from £24.5 billion to £18 billion.

Andrea Leadsom

The £24.5 billion figure included financing costs (interest and guarantee costs) assuminga £16 billion IUK guarantee. The £18 billion figure is not directly comparable as it does not include these financing costs.