Tag Archives: cost

Georgia nuclear plant’s cost now forecast to top $30 billion via News4Jax

ATLANTA – A nuclear power plant being built in Georgia is now projected to cost its owners more than $30 billion. […] That amount doesn’t count the $3.68 billion that original contractor Westinghouse paid to the owners after going bankrupt, which … Continue reading

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Small modular reactor rhetoric hits a hurdle via Jim Green

The promotion of ‘small modular reactors’ (SMRs) in Australia has been disrupted by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Australian Energy Market Operator (AEMO). The latest GenCost report produced by the two agencies estimates a hopelessly uneconomic construction cost of A$16,304 … Continue reading

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Nuclear power ‘seven decades of economic ruin’,  via Pressenza

New research has found that almost all nuclear power plants built since the nuclear industry’s inception have generated large financial losses. The report by the German Institute for Economic Research examines 674 nuclear power plants built since 1951. Its authors found that … Continue reading

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Cost of new nuclear plants ‘often 18% more than expected’ via Energy Live News

By Johnny Blairstow Researchers say developers might be better off focusing on ‘lower risk’ technologies such as wind or solar power instead The cost of building new nuclear power plants is often nearly a fifth more than expected because of construction delays. That’s … Continue reading

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Public to get new $83-billion bill for Fukushima, reactor expenses via The Asahi Shimbun

The government plans to make the public pay an additional 8.3 trillion yen (about $83 billion) to decommission reactors at the crippled Fukushima nuclear plant and provide compensation for evacuees of the 2011 disaster, sources said. The public’s money will … Continue reading

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Risk of another Chernobyl or Fukushima type accident plausible, experts say via Science Daily

Date:September 19, 2016Source:University of SussexSummary:The biggest-ever statistical analysis of historical accidents suggests that nuclear power is an underappreciated extreme risk and that major changes will be needed to prevent future disasters. A team of risk experts who have carried out … Continue reading

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Nuclear Power Economics Requires Believing In ‘Impossible Things’ via the Energy Collective

It is increasingly clear that the economics of nuclear power don’t add up. Just in the past two and a half years, for example, seven plants at six sites have been shut down due to uneconomic performance or massive equipment … Continue reading

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Exclusive: UK nuclear deterrent to cost 167 billion pounds, far more than expected via Today

LONDON – The overall cost of replacing and maintaining Britain’s nuclear deterrent will reach 167 billion pounds ($256 billion), much more than expected, according to a lawmaker’s and Reuters’ calculations based on official figures. If the figure is confirmed, it … Continue reading

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Revealed: real price of nuclear energy via BDLive

THE price of electricity generated by nuclear power is expected to be higher than that from any other technology except for gas and diesel, two separate and independent analyses have found. The government is pressing ahead with a politically driven … Continue reading

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Prefab Nuclear Plants Prove Just as Expensive via The Wall Street Journal

Modular method has run into costly delays and concerns about who will bear the brunt of the expense Building nuclear reactors out of factory-produced modules was supposed to make their construction swifter and cheaper, leading to a new boom in … Continue reading

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