As the name implies, this will be the third nuclear reactor on the Flamanville site, and the second instance of an EPR being built. Electrical output will be 1630 MWe (net). The project was planned to involve around €3.3 billion of capital expenditure from EDF, but latest cost estimates (from 2019) are at €12.4 billion. Pierre Moscovici, president of the Court of Audit, gave a statement on 9 July 2020 concerning the release of the report on the delay costs of the Flamanville 3. The report of the Court of Audit reveals that the cost of Flamanville 3 could reach €19.1 billion when taking in account the additional charges due to the delay in construction.