EPR costs : a blow to the nuclear renaissance

EPR nuclear reactor being built in Flamanville, FranceI have to say that I now have mixed feelings about nuclear. Since I wrote and published my 10 reasons to support nuclear – by far my most popular post on this blog – the catastrophe at Fukushima took place.

Now the main French utility РElectricité de France, aka EDF Рannounced that its EPR reactor in Flamanville, France, will cost a massive two billion euros more than previously forecasted, now totally 8.5 billion euros.

Until Fukushima many were forecasting a nuclear renaissance. I guess these additional costs will be another severe blow to their hopes and to EDF’s business model.

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Good and bad news about nuclear

First, the good ones : To Reuters : ” Significant progress has been made in efforts to contain and stabilise the situation at Fukushima, the head of the United Nations atomic agency said on Friday.” And some bad : To the Wall Street Journal ” EDF announced that its EPR project in Flamanville, France (…) … Read more

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