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Nuclear industry’s battle against public opinion and rising costs

NUCLEAR-INDUSTRY-FIGHTS-ONPlatts Survey: High Capital Costs and Maintaining Public Confidence Cited as Greatest Challenges Facing European Nuclear Power Markets Sacramento Bee, May. 9, 2013 -LONDON, May 8, 2013 – /PRNewswire/ — High capital costs and maintaining public confidence are seen as the greatest challenges facing the European nuclear power industry, according to a recent survey conducted by Platts, a leading global energy, petrochemical and metals information provider. The survey included more than 100 utilities, builders, consultancies, and regulators in Europe and precedes the eighth annualPlatts European Nuclear Power Conference set for June 26-27 in Warsaw, Poland.

Political risk, long construction periods, regulatory uncertainty and safety concerns were also highlighted as key hurdles before the Continent’s nuclear power companies.

“While most of these challenges are traditional to the industry and likely always will be, they’ll likely be heightened as new units, particularly those using new designs, are built,” said Platts Chief Editor of nuclear publications Tom Harrison, who reviewed the survey results. “Currently these challenges are being viewed in a particular context, one of: increased concerns about climate change, the pursuit of energy diversity, cost/benefit of competing generating sources, and attention to safety and its costs in the wake of the 2011 Fukushima nuclear accident.”

A newer aspect to these challenges, Harrison explained, is that reactor vendors and other suppliers competing for new export opportunities are exploring new ways of packaging deals as nuclear power programs are introduced in other countries.

Industry supporters and detractors are expected to watch closely the first new nuclear projects in Europe to see how they fare as they encounter those political, financial, regulatory and safety issues……

May 11, 2013 - Posted by | business and costs, EUROPE

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