Constant hold-ups, skyrocketing costs, faulty construction…Finland’s new Olkiluoto reactor, touted as the great white hope for Europe’s nuclear sector, is looking more and more like a great white elephant – and casting a fat black shadow over the whole industry.
TVO
The great atomic bluff
Sunday, April 18, 2010
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Nuclear Does Not Make Economic Sense Say Studies
Monday, February 15, 2010BERLIN, Feb 12, 2010 (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.
EUR 3 billion price tag for construction delay on new reactor at Finland’s Olkiluoto NPP
Wednesday, September 12, 2007ST. PETERSBURG - According to the Elfii consortium of large Finnish electricity users, a construction delay in an experimental new reactor design at Olkiluoto NPP will cost Nordic electricity users EUR 3 billion, the Finnish business daily Kauppalehti reported. Birthe Weijola, 12/09-2007 Elfi director Antti Koskelainen is quoted saying that the cost of the delay is comparable to the investment cost for the whole reactor.
The Observer: Finland goes back to the future
Friday, February 3, 2006As Britain seriously considers launching a new nuclear programme, Robin McKie visits Finland to see Europe's first reactor for more than a decade, built as the only answer to the country's energy needs
