No economic benefit in nuclear power for India
NMIMS-FPJ webinar: Nuclear energy not for countries looking at economic development, https://www.freepressjournal.in/fpj-initiatives/nmims-fpj-webinar-nuclear-energy-not-for-countries-looking-at-economic-developmentBy FPJ Web Desk 1 July 20, If India is looking at development by increasing power consumption, it is essential that it opts for cheaper forms of energy, stated nuclear expert M V Ramana, at a webinar ‘The future of nuclear energy’. He stressed that in such a case nuclear is not the right choice. Ramana is Director of the Liu Institute for Global Issues at the School of Public Policy and Global Affairs, University of British Columbia.
Speaking at the third session of a series ‘The future of energy’ organised by NMIMS-FPJ in association with Tata Power, Ramana said, “If you were looking at (economic) development by providing power to hundreds of villages that do not have power, then nuclear energy is a very bad choice. For development, you need cheap energy but you have (nuclear energy which is) an expensive form of energy.”
He revealed today it costs somewhere between USD 10-15 billion to build a nuclear power plant. However, the power produced by this plant is at the cost of USD 100 per MW hour. This is three times higher the cost of solar and wind energy, he added. “Solar and wind energy today are selling at USD 30-35 per megawatt hour (MWh).” After including storage costs and other costs, solar and wind energy continues to be cheaper and will cost over USD 50 per MWh.
He went on to add while nuclear plants are complicated, the fast breeder reactor is a lot more complex. Countries like the United States, Germany, the United Kingdom, others had fast breeder reactors programmes, which they gave up. “For historical and sociological reasons, India has said it is a very important part of our programme and pours in a lot of resources into that. Even if you are supporting nuclear energy, this is not the technology that you should be focussing on,” he advised. https://www.freepressjournal.in/fpj-initiatives/nmims-fpj-webinar-nuclear-energy-not-for-countries-looking-at-economic-development
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