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Pretense in UK that Wylfa and other new nuclear stations are affordable – investors are staying away in droves.

A new Wylfa will cost between £14 and £17bn to build and won’t be up
and running until the 2030s, the UK Government have been told. Sources told
the Times newspaper that the 2.3-gigawatt plant would take six years to
build, on top of a lengthy planning and regulatory process, meaning that it
would not be operational until the early years of the next decade.

Westinghouse and Bechtel, the reactor maker and engineering group, are
hoping to win UK Government backing for their plan to build two reactors at
Wylfa on Anglesey. Their AP1000 reactor design has already completed
initial safety approval for use in Britain. However, Bechtel were hoping to
secure £20m from the UK Government before being able to provide a full
breakdown of the total costs of the project. Ivan Baldwin, head of the UK
civil nuclear market for Bechtel, told the Times that this taxpayer funding
would enable the developer to “provide to the government an estimated
project cost” and “to determine the optimum construction schedule at
the site”.

Hitachi, of Japan, currently own the rights to the Wylfa site
after giving up on their own plans to build a nuclear power plant there.

Dylan Morgan from People Against Wylfa B (PAWB) responded to the
announcement to say that Boris Johnson was just “shooting from the
hip”. “All his bluster about possible new nuclear reactors displays an
astounding level of economic and environmental illiteracy,” he said.
“Firstly, where is the strong economy coming out of Covid and post
Brexit? No nuclear companies will go it alone and invest heavily in
building new nuclear reactors.

“As in the case of Rolls Royce and their
modular reactor which isn’t small at all at 475 MW, bigger than the old
Magnox reactors at Trawsfynydd, they want government public handouts for
designing the reactors, more astronomic handouts financed through our
already vastly inflated electricity bills to construct these radiotoxic
monstrosities, and then even more handouts for an agreed price for
electricity produced, and last but not at all least, the massive
decommissioning costs over thousands of years of reactors and all the
problems with storage of hazardous nuclear wastes.

“There is little wonder that no corporations have come forward in droves to get a nuclear
renaissance much promised from the Blair/Brown era going. “Labelling
Wylfa and Trawsfynydd as possible new sites for this most dangerous, dirty,
radiotoxic, health-threatening and expensive technology is an insult to the
people of Wales. “It is the totally wrong path to tread and it may be the
case that Johnson will not be in office for too long to realise his madcap
nuclear ambitions.”

 Nation Cymru 24th May 2022

May 26, 2022 - Posted by | business and costs, UK

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