nuclear-news

Delay to world’s most expensive nuclear plant, in Taiwan

delays had blown up the budget for the plant to about $9 billion. This compares with a budget of about $3 billion when the project got off the ground in the 1990s, and according to the paper this would make it the world’s most expensive nuclear facility.

Taiwan’s new nuclear plant delayed, operator says – INQUIRER.net, Philippine News   01/07/2011 TAIPEI– The opening of a controversial new nuclear power plant in Taiwan that has already far exceeded its budget has been put back for months at a cost of hundreds of billions of dollars, its operator said Friday
The island’s fourth plant, which is nearly complete, will not meet a December 2011 deadline due to technical problems during test runs, said an official at state-run Taiwan Power (Taipower). It is now set to open in 2012.

Taipower, which runs the island’s existing three nuclear power stations, estimated the delay will cost an additional $331 million dollars, the official said.

The company declined to comment on a report in the Taipei-based United Daily News that stated repeated delays had blown up the budget for the plant to about $9 billion.

This compares with a budget of about $3 billion when the project got off the ground in the 1990s, and according to the paper this would make it the world’s most expensive nuclear facility.

Taiwan’s new nuclear plant delayed, operator says – INQUIRER.net, Philippine News for Filipinos

January 8, 2011 - Posted by Christina Macpherson | business and costs, Taiwan