Friday, November 07, 2008

as previously observed, nuclear generation sucks big, floppy donkey dicks


Merrick rules:

"No British nuclear power station has ever been built to budget. The last one, Sizewell B, cost more than twice the estimate. The first of the new generation stations, Olkiluoto in Finland, found itself more than a billion pounds over budget and two years behind schedule at only two and a half years into construction.

Even with the taxpayer coughing up for a load of British Energy's debts, it couldn't stay afloat on its own. In 2002, just six years after privatisation, the government bailed it out with over £5bn of taxpayer's money.

These days, our government assures us that the owners will pay for all the decommissioning. They are lying. In order to get the industry and investors to sign up, the government agrees a set maximum price for waste disposal and decommissioning when it gives approval for the station. Any over-runs in cost (and when has the nuclear industry not delivered those?) will be paid for by the taxpayer."

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