The Government has vastly underestimated the cost of building a new generation of nuclear power plants, according to the head of the world's largest power company.
Wulf Bernotat, chairman and chief executive of E.ON, the German energy giant that owns Powergen, has told The Times that the cost per plant could be as high as €6 billion (£4.8 billion) - nearly double the Government's latest £2.8 billion estimate.
His figures indicate that the cost of replacing Britain's ten nuclear power stations could reach £48 billion, excluding the cost of decommissioning ageing reactors or dealing with nuclear waste. “We are talking easily about €5 billion to €6 billion [each],” Dr Bernotat said. --
RE:Cost of new nuclear plants coming up in Europe
by G A on Jul 06, 2008 06:09 PM Permalink
Sorry Sir, Mannu has estimated the costs accurately, he is not bothered abt the aam aadmi, this deal will give congressmen waelth for next 7 generations, no questions asked !!!
RE:Cost of new nuclear plants coming up in Europe
by LN on Jul 06, 2008 06:26 PM Permalink
And the other thing to remember is a kg of tomatos which costs Rs20 in India costs �3.00(Rs250) in UK, a satelite made by ISRO costs less than 1/5th than what it costs in European countries, so don't just go by the cost they incur in their countries, the Indian market has it's own price and the cost of buiding a nuclear plan will be accordingly less expensive than what it costs in there.
RE:Cost of new nuclear plants coming up in Europe
by Sastry on Jul 06, 2008 06:56 PM Permalink
tomatoes/satelites you are talking about are made/produced in the country. Imagine the cost of tomatoes if they were to be imported from UK.
RE:Cost of new nuclear plants coming up in Europe
by Sameer on Jul 06, 2008 06:53 PM Permalink
LN,
Tomato is different. In fact anything mechanical like computers, cars, cameras, machnery is cheaper in the west than India because they produce it and India imports them. So will be the case with nuclear plants. Labor cost is the only thing which is cheap in India and that would make only a small fraction of total cost. Your argument does not hold any water.
