Tuesday, January 31, 2017

Challenges of the Nuclear Power Industry

Economist (Jan 30, 2017) - Building reactors is not an easy business proposition. Two recent additions to the world’s nuclear fleet, in Argentina and the United States, took 33 and 44 years to erect [...] The boom in nuclear energy began in the 1950s, when America, Russia, Britain and France rushed to develop reactor technologies for electricity generation. By the late 1970s around 230 reactors were under construction. However, following the accidents at Three Mile Island in 1979 and Chernobyl in 1986, fears about safety led governments in Europe and America to halt construction and wind down research on new civilian nuclear technology. Interest in nuclear energy did not rebound until the turn of the millennium, when concerns over securing energy supplies, reducing carbon emissions and meeting the growing demand for electricity in developing economies kick-started another wave of investment. 

[...] According to the Global Nuclear Power database, almost two-thirds of the 55 plants currently under construction are behind schedule. In Finland, France and China, all of the EPRs in progress are years behind planners′ expectations. More HERE