nuclear-news

The EPR nuclear reactor is a “rotten design that they should have given up on a long time ago”

French Nuclear Giant Areva Says Future Is Uncertain, Prompting a Sell-Off NYT,  By DAVID JOLLY and STANLEY REEDNOV. 19, 2014 PARIS  “……….The problems at Flamanville and Olkiluoto raise further questions about the future of the EPR reactor design that Areva and EDF are marketing around the world. All of the EPRs under construction including those being built at Taishan in China have run into delays. The giant power stations, for which the designs date to the early 1990s, were supposed to be safer and simpler than earlier nuclear plants, but they are proving fiendishly complex and expensive to build.

Mr. Thomas said the problems with the other EPRs around the world also raised doubts about whether two reactors of this type would be built at Hinkley Point in southwest England, as EDF planned. The European Union recently gave its approval to the project, which will cost at least 16 billion pounds, or $25.1 billion, but EDF still needs to put together an international consortium to finance and build it. http://www.nytimes.com/2014/11/20/business/international/french-nuclear-giant-areva-says-future-is-uncertain-prompting-a-sell-off.html?_r=0

November 22, 2014 - Posted by Christina Macpherson | business and costs, UK