IT IS hard to escape from history. Just as Britain is about to embark on an ambitious programme to build a new generation of nuclear power stations, an old atomic relic offers a timely reminder of the risks. On June 1st Chris Huhne, the newly installed Liberal Democrat energy secretary, revealed that the Nuclear Decommissioning Authority, the publicly funded outfit charged with cleaning up Britain’s old nuclear power stations, is facing a £4 billion funding shortfall over the coming four years. For a department with an annual budget of just £3 billion, that is, as Mr Huhne puts it, an “existential” problem.
Decommissioning
Plans for new nuclear power stations could split the government
Tuesday, June 8, 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.
Soviet-era Lithuanian nuclear plant shuts down under EU deal
Friday, January 1, 2010VILNIUS — Lithuania Thursday shut down its Soviet-era nuclear plant under an EU deal in a move set to drive up electricity prices amid an economic crisis and leave it counting on ex-master Moscow for power.
"At 11:00 pm (2100 GMT) everything went offline. It all went according to plan," Viktor Sevaldin, director of the 26-year-old plant, told AFP by telephone.
