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Halden nuclear reactor shut down not just for safety reasons, more because it lost so much money

Halden Reactor to be decommissioned, WNN, 28 June 2018

The board of directors of Norway’s Institute for Energy Technology (IFE) has decided to close the Halden Reactor permanently and to start its decommissioning. The board will not apply to extend its operating licence, which expires in 2020, and the reactor, which is currently shut down due to a safety valve failure, will not be restarted……The Halden project is a joint undertaking of national organisations in 19 countries sponsoring a jointly financed programme under the auspices of the OECD Nuclear Energy Agency (NEA). The programme is financed by the participating countries and is renewed every three years. As the host country, Norway covers about 30% of the programme cost.

“In conjunction with the licence renewal process for the Halden Reactor, IFE has over the last year carried out a strategic review of reactor operations, including a financial and operational risk assessment. Based on this review, IFE’s Board concluded that operation of the reactor beyond the current licence period is not viable, as this would imply business risks in excess of what IFE is capable of handling on its own,” IFE said.

Over the past seven years, IFE has lost more than EUR18 million on its nuclear operation and has this year relied on extraordinary funding from the Norwegian government. As a self-owning foundation, IFE said it is not able to manage the financial risk of operating the reactor. ……

June 29, 2018 - Posted by | business and costs, EUROPE

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