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Nuclear power is uninsurable. Britain’s Sizewell C and Bradwell B are not done deals

Energy Voice 3rd Sept 2019 Sizewell C and Bradwell B are not yet wholly done deals though groundwork
is under way with contracts issued and limited employment generated. At the end of July, for example, Atkins was awarded a £5m contract for preparatory works at Sizewell C for EDF. It is the first programme of construction work to start at the proposed nuclear power station, which will be located next to the existing Sizewell B plant on the Suffolk coast.

The situation at Bradwell in Essex is more complex, with the original power station now being decommissioned and China Electric pushing hard to get the green light for the new B station. In January, the new boss at Bradwell B peddled the claim that the nuclear plant “will bring significant benefits” to the community. Alan Raymant, a local lad, claimed: “The need for the reliable, low-carbon energy that nuclear provides continues to grow strongly. “Bradwell B will be a major part of Britain’s energy future, powering the national, regional and local economy for many years to
come.”

The project is being headed by China General Nuclear Power Group and EDF. UK technology content will be very limited. Same for Sizewell C. Neither project is slam-dunk. The case for their cancellation is very strong, not least that competitive civil nuclear is a total lie.

There is no such thing as economic or environmentally responsible nuclear. It is hugely expensive and most certainly not low carbon. Until now, all nuclear plant– more than 650 reactors – around the world has ridden on the back
of defence programmes and been subsidised.

And no one anywhere has solved the nuclear waste legacy, which is a trans-generational challenge and absolutely cancels out any of the contrived profit.

Moreover, early, high-capacity nuclear energy countries such as the UK, Canada and France have still not dismantled any of their reactors. These stations spend more time as industrial sarcophagi than they do generating electricity and
profits.

According to a fresh study published in July by Deutsche Welle of Germany, the challenges of the long-term storage of nuclear waste have been basically ignored, to the extent that today there are no long-term storage facilities for highly radioactive waste in operation.

In countries such as Germany, the UK and the US, the search for a suitable location has gone on for decades with governments all too ready to bribe communities to accept nuclear waste dumps on their doorstep, fortunately unsuccessfully.

Oh, and one more thing that no one talks about here. Civil nuclear is virtually uninsurable. So what if there is an accident? The answer is simple. According to Deutsche Welle: “Society will be asked to bear a very large proportion of these costs. The fact that nuclear power plant operators are not insured against the risk of accidents makes this abundantly clear.  Worldwide, there are no financial service organisations that offer insurance to them.”

https://www.energyvoice.com/opinion/206775/nuclear-secrets-and-lies/

September 5, 2019 - Posted by | business and costs, politics, UK

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