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Financial crisis hurts some Eastern Europe nuclear plans

Financial crisis hurts some Eastern Europe nuclear plans

By Anna Mudeva

SOFIA (Reuters) 1 Sept 09

– Domestic political squabbles, funding woes and other hurdles threaten a number of nuclear power plant projects in central and southeast Europe

…………..Analysts say the global economic crisis has made banks reluctant to provide loans for nuclear plants, which cost around 3 billion euros ($4.30 billion) per 1,000 megawatt reactor, for a pay-off that takes decades.

Equipment suppliers and engineering companies are also unwilling to give fixed price tags during volatile times, which makes planning and calculation of costs difficult.

September 2, 2009 - Posted by Christina Macpherson | 1, business and costs, EUROPE | antinuclear, nuclear, nuclear costs