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Thread: Nuclear too expensive

  1. #1
    Site Caretaker Dave A's Avatar
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    Nuclear too expensive

    Eskom has dropped plans to build nuclear power stations - at least for now.
    South Africa, suffering a power shortage that is limiting supplies to mines, has cancelled a R120 billion plan to build a nuclear plant as the credit freeze cuts financing.

    The decision by the board of Eskom would not undermine "national security of supply" as economic growth would slow and other plants were being built, the government communications office said on Friday.

    Groups led by Areva, the world's top supplier of nuclear reactors, and Toshiba's Westinghouse Electric are vying for the order. A global recession and an expected drop in energy demand is halting spending on projects from Canada to the Middle East and Africa.

    "It's too big, we can't do it," said Eskom spokesperson Fani Zulu. "The bidders were informed after we took the decision at a board meeting [on Thursday]."
    full story from Business Report here
    I suppose we need to keep things cheap and dirty for now.
    The trouble with opportunity is it normally comes dressed up as work.

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    Moderator IanF's Avatar
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    Dave,
    I hope that is just a very clever tactic to get the capital costs down. I see a lot of the big power consumers have closed for a few months. Ferro chrome furnaces and steel plants.
    Only stress when you can change the outcome!

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    Site Caretaker Dave A's Avatar
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    Ian, I think it's quite hard to see the good side in any of it.

    Apart from the irony that nuclear might be "cleaner" and therefor more desirable than coal fired power stations, look at the assumptions:
    • Lower growth
    • Less demand
    • Less investment

    I'm reminded of that saying "Whether you believe you can or you believe you can't, you're right."
    The trouble with opportunity is it normally comes dressed up as work.

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