Japan

Erdoğan: Sinop Nuclear Plant Project Halted

Friday, June 28, 2019

"We are not at the desired point on the Sinop nuclear power plant project," Recep Tayyip Erdoğan told daily Nikkei.

Erdoğan arrived in Japan today for the G20 summit in Osaka, where he will meet with Japan's Prime Minister Shinzo Abe and US President Donald Trump.

Responding to a question that says, "Feasibility studies show that the cost of a proposed nuclear power plant in the city of Sinop is more than double the initial estimate, and the Japanese-backed project has been halted," Erdoğan said, "The feasibility study report and cost analysis, which is prepared by the Japanese side, was examined by our relevant institutions in detail. We met a picture that is not compatible with our initial agreement in terms of both cost and project calendar."

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Global nuclear decommissioning cost seen underestimated, may spiral

Monday, January 19, 2015

LONDON/PARIS (Reuters) - German utility E.ON's breakup has led to worries that funds set aside for decommissioning reactors will not suffice, but globally the cost of unwinding nuclear is uncertain as estimates range widely.

As ageing first-generation reactors close, the true cost of decommissioning will be crucial for the future of the nuclear industry, already ailing following the 2011 Fukushima disaster and competition from cheap shale gas, falling oil prices and a flood of renewable energy from wind and solar.

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