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Closing of Germany’s nuclear reactors

Nuclear Decommissioning Surge Is Investor Guessing Game, Bloomberg by Stefan Nicola in Berlin at snicola2@bloomberg.net; Julie Johnsson in Chicago at jjohnsson@bloomberg.net   editor responsible for this story: Reed Landberg at landberg@bloomberg.net 16 June 13 “………German Closings Germany closed eight units after Fukushima and will shutter another nine by 2022. Its four utilities have set aside about 33 billion euros for decommissioning their 21 reactors and handling the deadly waste from them. The utilities set up GNS, a company that supplies 125-ton Castor dry casks to store and transport spent nuclear fuel, and also employ in-house decommissioning staff.

EON is 10 years into the job on its oldest commercial-scale unit, the 672-megawatt Stade plant in Lower Saxony, slated for completion by 2014. It started tearing down its 670-megawatt Wuergassen reactor in 1995, and plans to also complete that next year.

RWE said tearing down its 1970s-era Muelheim-Kaerlich reactor will cost about 750 million euros; it didn’t give cost estimates for the two pressurized water reactors at the 2,525-megawatt Biblis plant, which was closed after Fukushima, citing a lack of permits for their deconstruction plans.

EON declined to reveal the individual bill for the Wuergassen and Stade projects. It said costs are at about 1 billion euros depending on the reactor type, citing a “benchmark report for Germany,” in an e-mailed reply to questions.

Green Opposition

The opposition Green Party, which was in government from 1998 until 2005 and helped draft Germany’s first nuclear phase-out agreement, has called for the money to be put in a government-administered fund.

“Projects are often more expensive and longer than anticipated,” Sylvia Kotting-Uhl, a lawmaker with the Greens, said in an interview. “The question is: Will the money be available when it’s needed? A public fund would ensure that.”….”

EON and RWE said the current system shouldn’t be changed in favor of a state-run fund. The German system of setting aside money via utilities’ balance sheets “has proven itself,” Lothar Lambertz, a spokesman for RWE, said in an e-mailed reply to questions.http://www.bloomberg.com/news/2013-06-16/nuclear-decommissioning-surge-is-investor-guessing-game.html

June 17, 2013 - Posted by | decommission reactor, Germany

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