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Nuclear power for Malaysia not looking likely

“Maybe if the people will agree to it, if there’s a location for it, there’s an acceptable area for it, it should be considered,”

Too many ‘ifs’ in floater to put up a nuclear plant, Business Insight Malaya | National, BY JOCELYN MONTEMAYOR, 20 July 2010, ENERGY Secretary Jose Rene Almendras yesterday said the government is looking at putting up a nuclear power plant to address the long-term power needs of the country.

“We have to seriously, very seriously consider tha  (nuclear power plant) for the very long term,” Almendras said in an ambush interview after the Cabinet meeting in Malacañang.

“Maybe if the people will agree to it, if there’s a location for it, there’s an acceptable area for it, it should be considered,” he said adding that the building of a nuclear power plant is “an economic decision.”…….Almendras said even an earlier proposal during the Arroyo government for a Korean company to build a nuclear power plant in the country has not been finalized………

The Marcos administration built a nuclear power plant in Morong, Bataan, at a cost of $2.3 billion. The plant was mothballed under the administration of Corazon Aquino because of safety issues.

The cost of rehabilitating it is estimated at $800 million to $1 billion.

Business Insight Malaya | National

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July 21, 2010 - Posted by | ASIA, business and costs | , , , ,

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