Rising Costs Slow The Growth Of Nuclear Power

9 Oct 2017   Nuclear

The troubled history of Britain’s replacement nuclear power station Hinckley Point C (HPC) will have received scant, if any, coverage in the U.S. But the story is an illustration of the blind alley in which nuclear power finds itself. The debate is one that is being (or will be) enacted in many other countries that rely on nuclear power as part of their energy mix. Eight years behind schedule, HPC should have come on stream by the end of this year, but is not now likely before 2025 at the earliest (and probably later even than that distant date). In the meantime, repeated delays have added to the costs. A Rising Price Tag Now estimated at £19.6 billion ($26 billion), it would be one of the most expensive structures ever built in the U.K. Last year, the British government pushed the financial risk onto French power generator and owner-to-be […]

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