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Prohibitive costs of new nuclear reactors

no nuclear reactors started in the last ten years were up and running and two of the plants currently under construction in France and Finland were experiencing problems.  Over 3,000 problems have been found at the Finnish construction site causing delays and huge cost overruns.

The scary side of nuclear power revealed, Green.Blorge

January 6, 2010
by Susan Wilson

After thirty years, the nuclear power industry is making a come back.  What caused the hiatus and why does the thought of new nuclear reactors frighten so many people?  Well, there’s Vogtle’s cost overruns and the nightmares from Chernobyl and Three Mile Island.

Vogtle Nuclear Power Plant’s cost overruns have already been examined.  Going from $660 million to $8.87 billion for half of the planned power plant caused a lot of nuclear proponents to blanch and step back.  Have these issues been resolved?  Can investors in nuclear energy (especially customers and taxpayers) expect the quoted costs to be the actual cost give or take ten percent? Well, no.

In a BBC World Service Report on the apparent American nuclear renaissance, Mark Cooper from the University of Vermont had this to say, “One or two reactors is not a renaissance.The cost will prevent from them from being built.”

Back in November the “economic downside of nuclear energy” was reviewed.  In that article it was pointed out that no nuclear reactors started in the last ten years were up and running and two of the plants currently under construction in France and Finland were experiencing problems.  Over 3,000 problems have been found at the Finnish construction site causing delays and huge cost overruns.  The French nuclear reactor construction has encountered similar problems also running up large cost overruns and causing lengthy delays……………..http://green.blorge.com/2010/01/the-scary-side-of-nuclear-energy-revealed/

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January 8, 2010 - Posted by | business and costs, USA | , , ,

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