Antinuclear

Nuclear power not financially viable

”the risks faced by developers  are so large and variable that individually they could each bring even the largest utility company to its knees financially.”.

ENERGY: Nuclear Does Not Make Economic Sense Say Studies Australia.to 14 February 2010   by Julio Godoy

BERLIN,   (IPS)  – The enormous technical and financial risks involved in the construction and operation of new nuclear power plants make them prohibitive for private investors, rebutting the thesis of a renaissance in nuclear energy, say several independent European studies.

The risks include high construction costs, likely long delays in building, extended periods of depreciation of equipment inherent to the construction and operation of new power plants and the lack of guarantees for prices of electricity.

Adding to these is the global meltdown and the consequent cautious behaviour of investors as also fiscal and revenue difficulties of governments in the industrialised countries, say the studies.

In the most recent analysis on the feasibility of new nuclear power plants, the Citibank group concludes that some of ”the risks faced by developers  are so large and variable that individually they could each bring even the largest utility company to its knees financially.”……..The Citibank survey concludes that without taxpayers money there is ”little if any prospect that new nuclear stations will be built à by the private sector…

February 15, 2010 - Posted by Christina Macpherson | 1 | antinuclear, nuclear, nuclear wastes