On 30/10/16 13:51, Chris Hogg wrote:
On Sun, 30 Oct 2016 10:22:34 +0000, Mike Tomlinson
wrote:
"Taxpayers will pick up the bill should the cost of storing radioactive
waste produced by Britain's newest nuclear power station soar, according
to confidential documents which the government has battled to keep
secret for more than a year"
"The Department for Business, Energy & Industrial Strategy - in its
previous incarnation as the Department for Energy and Climate Change -
resisted repeated requests under the Freedom of Information Act for the
release of the documents which were submitted to the European
commission"
https://www.theguardian.com/uk-news/...point-nuclear-
waste-storage-costs
And in related news:
"The French and Chinese companies that are to build the £18bn Hinkley
Point C nuclear power station will have to pay up to £7.2bn to dismantle
and clean it up"
"Documents published yesterday reveal for the first time how much the
developers, EDF and China General Nuclear Power Group (CGN), will have
to pay to decommission the plant, beginning in 2083"
"The new reactors in Somerset will be unique in British nuclear history,
as they are the first for which the operator will have to pay to make
good the site afterwards"
https://www.theguardian.com/environm...nkley-point-c-
developers-face-72bn-cleanup-bill-at-end-of-nuclear-plants-life
You can bet they'll wriggle out of that somehow.
Hinkley C, Heathrow runway 3: massive white elephants that will turn out
as well as Berlin's new airport did.
But £7.2bn is peanuts compared to the money they'll make over 60
years. Do the calculation (I'll try here, but I always lose track of
the naughts in going from squillions to gazillions, so no guarantees
and someone had better check the result!)
HPC is rated at 3200MW. Assume 90% capacity factor, so 2880MW in
reality. We know they'll get paid £92.5 per MWh for the first 35
years, but beyond that the figure is unknown, so calculate for just
the first 35 years. In that time they'll earn 2880x24x365x35x92.5 =
£8.16 x 10^10 = £81.6bn (I think!). Take off say £25bn for
construction and finance cost and £7.2bn for dismantling, and you're
still left with £49.4bn. And that doesn't include the profit they'll
make for the remaining 25+ years of life after the CFD finishes. OK,
so it's a simple calculation and doesn't account for the running cost,
refueling etc., but by any standard, £7.2bn for dismantling is no big
deal.
AND is utter ********, because decommissioning costs are reckoned to be
at most 15% of construction.
Under the current regime.
Of course if the Gazprom funded Labia party gets in, the regulations
will ensure than anyone who even smiles going past a nuclear power
station will have the assets seized and their chidren's children sold
into slavery to pay for it.
It's the Labour Way.
--
The biggest threat to humanity comes from socialism, which has utterly
diverted our attention away from what really matters to our existential
survival, to indulging in navel gazing and faux moral investigations
into what the world ought to be, whilst we fail utterly to deal with
what it actually is.