US Nuclear Power Station Took 43 Years to Finish

hinckley

As news breaks that the new nuclear power station at Hinkley Point could cost an additional £3 billion, a smaller story from the US serves as a stark warning of the risks when building new plants.

Watts Bar nuclear power plant’s second reactor is scheduled to finally go into operation this summer. This project has taken 43 years, with shifting regulations, unsure demand and spiralling costs all helping to create a stop-start pantomime.

There has been criticism about the decision to build an EPR reactor at Hinkley Point, seen as overly expensive and previously dogged by severe delays – Finland cancelled their new EPR reactor last year after the project had gone over budget and schedule, France saw the cost of one such project nearly treble, and China is facing significant delays on the construction of its own EPRs. In fact, since the first order was placed in 2003, not one of French company Areva’s EPR plants have been completed: of the three EPR reactor projects signed up to so far, one is delayed, one is delayed and over budget, and the other is cancelled. These are the reactors Britain will likely be lumbered with…

News of these delays, and the lessons from America, should be of concern to DECC. Having already signed up to the most generous nuclear subsidy package in history, there is a real danger that Hinkley Point C becomes a mega-watt white elephant. French company EDF has refused to sign on the dotted line until summer. There is still time for a strategic re-think…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Antony Jay’s Jim Hacker on climate computer models:

“Computer models are no different from fashion models: seductive, unreliable, easily corrupted, and they lead sensible people to make fools of themselves.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Sunday Shows Sunday Shows
Guido’s Guide to By-Election Scenarios Guido’s Guide to By-Election Scenarios
Milo 12 Things Milo 12 Things
Shami & Blunkett Campaigned for ISIS Suicide Bomber’s Release Shami & Blunkett Campaigned for ISIS Suicide Bomber’s Release
Amazing Robot Warehouses Amazing Robot Warehouses
Bring on the Robots Bring on the Robots
BBC Sources Revealed BBC Sources Revealed
Gallery Guido’s PMQs Sketch Gallery Guido’s PMQs Sketch
FOXY “SPANK ME” FOXY “SPANK ME”
Cameron: “I’ll Be Back” Cameron: “I’ll Be Back”
Greens Nuke Progressive Alliance Greens Nuke Progressive Alliance
FULL-LENGTH TRUMP INAUGURATION SPEECH FULL-LENGTH TRUMP INAUGURATION SPEECH
Govt Cancels Carbon Capture Govt Cancels Carbon Capture
Momentum Man is Porn Baron Momentum Man is Porn Baron
PMQs Sketch – Labour MPs Googling Museum Directorships PMQs Sketch – Labour MPs Googling Museum Directorships
May’s Brexit Plan – Full Text of Speech May’s Brexit Plan – Full Text of Speech
Guido is Secure Guido is Secure
Friends of Earth Fracking Wrong Friends of Earth Fracking Wrong
Happy Christmas from Guido Happy Christmas from Guido
Oops Minister Oops Minister