nuclear-news

Bechtel and Westinghouse will be big on talk but short on delivery for UK’s nuclear projects – Nuclear Free Local Authorities

 The Conservative Welsh Secretary Simon Hart MP has recently visited the
Vogtle nuclear project in Georgia, USA, but the Nuclear Free Local
Authorities believe that Bechtel and Westinghouse will be big on talk but
short on delivery if they are selected as Britain’s commercial partners
to build a new power plant at Wylfa.

If there are two certainties with anynuclear power project, they are that it will be delivered way beyond budgetand that it will be delivered very late. At present, the sole new nuclear
project under construction at Hinkley Point C in Somerset is costing £23
billion and is ten years behind schedule; and operator, French-state owned
EDF Energy, has announced that it will again be revising the final budget
upwards and the end-date backwards, over the summer.

The Vogtle project,
being built by engineering firm Bechtel with two AP-1000 Westinghouse
light-water reactors, has so far cost US $30 billion, ironically around the
same price tag as Hinkley Point C, with this monstrous boondoggle being
bankrolled from the deep pockets of its eventual operator Georgia Power and
backed by US $12 billion in loans from the US Department of Energy. The
other AP-1000 project at VC Summer in South Carolina was abruptly
terminated in July 2017 after limping along for nine years and at a cost of
US $9 billion. This decision contributed to Westinghouse declaring Chapter
11 bankruptcy and subsequently several former Westinghouse officials,
including a Senior Vice-President, have been charged with a range of
serious offences relating to the company’s fraudulent actions.

 NFLA 19th April 2022

April 21, 2022 - Posted by Christina Macpherson | business and costs, USA