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Philippines wary of nuclear power: costs to be borne by tax-payer

Nuclear plants need government subsidy—expert https://manilastandard.net/business/power-technology/332276/nuclear-plants-need-government-subsidy-expert.html August 24, 2020 by Alena Mae S. Flores, An energy analyst said the country’s planned nuclear power development carries a lot of risk and will need government subsidy to make it feasible.“Nuclear, obviously has tail risks and as an analyst, I will look at it from a financial perspective…Nuclear in my view is totally uneconomic without government subsidy,” Sara Jane Ahmed, an energy finance analyst at the Institute for Energy Economics and Financial Analysis, said during a forum by the Institute for Climate and Sustainable Cities.

Ahmed said that of the top 10 major nuclear developments in the world, most of them were 10 to 15 years behind schedule, “and they are double or triple the original investment and the cost to consumers are prohibitively expensive without a lock-in subsidy.”

August 25, 2020 - Posted by Christina Macpherson | business and costs, Philippines

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