nuclear-news

Georgia’s Vogtle 2 nuclear reactors cost over $30Billion, – but were meant to cost $14Billion

Georgia Power announced this week that the 1,114-megawatt (MW) Unit 4
nuclear power reactor at Plant Vogtle near Waynesboro, Georgia, entered
into commercial operation after connecting to the power grid in March 2024.
The commercial start of Unit 4 completes the 11-year expansion project at
Plant Vogtle.

No nuclear reactors are under construction now in the United
States.

Vogtle Unit 3 began commercial operation in July 2023. The plant’s
first two reactors, with a combined 2,430 MW of nameplate capacity, began
operations in 1987 and 1989. The two new reactors bring Plant Vogtle’s
total generating capacity to nearly 5 gigawatts (GW), surpassing the
4,210-MW Palo Verde plant in Arizona and making Vogtle’s four units the
largest nuclear power plant in the United States.

Construction at the two
new reactor sites began in 2009. Originally expected to cost $14 billion
and begin commercial operation in 2016 (Vogtle 3) and in 2017 (Vogtle 4),
the project ran into significant construction delays and cost overruns.
Georgia Power now estimates the total cost of the project to be more than
$30 billion.

US Energy Information Administration 1st May 2024

https://www.eia.gov/todayinenergy/detail.php?id=61963

May 5, 2024 - Posted by Christina Macpherson | business and costs, USA