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The Hindu Business Line : Nuclear power uneconomical: Lester Brown

Nuclear power uneconomical:
THE HINDU Business Line 28 oct 08 Lester Brown WASHINGTON: At a time when India is focusing on developing sources of nuclear energy, a leading scholar has said nuclear power is uneconomical and little private capital is going into this sector while investors are pouring tens of billions of dollars in to wind farms each year.“Despite all the industry hype about a nuclear future, private investors are openly sceptical and while the world’s nuclear generating capacity is estimated to expand by only 1,000 MW this year, wind generating capacity will likely grow by 30,000 MW,” no ted environmentalist and scholar Mr Lester Brown said in a media article ‘The Flawed Economics of Nuclear Power’.Drawing attention to the book ‘The Nuclear Illusion’ by Amory B Lovins and Imran Sheikh, Mr Brown said the cost of electricity from a new nuclear power plant is around 14 cents per kilowatt hour while it costs only 7 cents per kilowatt hour at a wind farm
The founder of Earth Policy Institute, Brown, argued that given this huge gap, the so-called nuclear revival can only be done by unloading costs onto taxpayers, including the costs of disposing of nuclear waste, insuring plants against an accident and de commissioning the plant when it wears out.

The Hindu Business Line : Nuclear power uneconomical: Lester Brown

Tags: nuclear, antinuclear, rafioactive, uranium

October 28, 2008 - Posted by Christina Macpherson | business and costs