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Nuclear power- a bad financial risk

Engineering the return of nuclear power by Jo Abbess, 28 Oct 09 “………….why Nuclear Power is a bad idea :-1. Capital Locked Up In Construction During the build phase of all construction projects, large amounts of capital are locked up. With no guarantee that a project will (a) finish or (b) finish on time or (c) finish on budget or (d) generate the power the designers said it would, it is a rather risky venture to start a Nuclear Power project, particularly since all that buying power is held back from more immediately productive uses.

All that locked-up capital is one thing, but there is also the matter of payback – that is – how long will a Nuclear Generation Plant need to operate for before it’s paid back all the Energy and Carbon Emissions used in its construction ? The outline figures make sobering reading. Here’s one admittedly “unofficial” example that puts payback in the 25 to 40 years’ timeframe for the Energy alone :-http://www.nrdc.org/nuclear/plants/plants.pdfHere’s another (see slide 59 out of the 81) – 19 years to payback the Carbon Emissions used to construct the Nuclear plant :-http://www.cuen.org.uk/img/Academic_Material/gerry_wolff_cuen2.pdf

Engineering the Return of Nuclear Power @ Jo Abbess

October 31, 2009 - Posted by Christina Macpherson | 1, 2 WORLD, business and costs | antinuclear, nuclear, nuclear costs, nuclear spin