- #631
xpell
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Jon Richfield said:The Fukushima meltdowns horrified me, because in my innocence as a non-nuclear non-engineer, I had been under the impression that all western (yeah, yeah I know, I know, including Japan!) power plants
Actually Fukushima I-1 and I-2 were "all-American" General Electric's BWR-3 and BWR-4 designs locally built. Fukushima I-3 and I-4 were (very) slightly modified versions on the BWR-4 design by Toshiba and Hitachi. Nowadays that's General Electric Hitachi Nuclear Energy. So yes, you can consider them "fully Western" in every sense for all practical purposes.
Hmmm... Honestly I'm not sure about this. The initial cost of advanced Western designs (both American-Japanese and European) has skyrocketed to the Moon and beyond. We are talking about 5 to 10 billion dollars per reactor before first load, usually after huge cost overruns and delays. But new Chinese, Russian and South Korean designs with an impeccable safety record are cheaper and fiercely competitive. Well, even with these economy plants there are no fully privately funded reactors being built anywhere in the world. Trust me, I checked it just a few months ago. Every new reactor in the world is being built for state or parastatal monopolies, or for private companies with guaranteed state support (meaning: the taxpayer is going to pay for the party.) The market doesn't believe in nuclear power, and it has (very) rarely done in the past. Private companies don't go nuclear until securing state guarantees through grants, subsidies or whatever. State or parastatal monopolies (or duopolies)... well, are monopolies, so they have an assured captive market. Seriously, try to find only one recent or under construction nuclear reactor truly "floating in the free market." Hint: There aren't.Jon Richfield said:Now, however naive I was, I still insist that if that is not how things are, it is how things should and MUST be, because although one could argue that to design nuclear power plants for passive containment would double their cost (probably not really anything so extravagant, but choose a figure), but even without the political and social costs, the cost of NOT having done so could double the costs anyway (probably not really anything so conservative, but choose a figure). Would anyone believe that the Fukushima failure doubled the effective costs of the power stations? More than doubled? Any bets?
And if such safety measures were to make the power plant uneconomic, that would mean that in such a situation nuclear power would be uneconomic, though to my mind all it would show is that you had the wrong engineers on the job (and maybe the wrong economists as well; to say nothing of politicians).
While I'm no expert in nuclear power economics, that suggests me that there's something fishy there. If it were a good business, private companies would be writing checks out of their own pockets to build their nuclear power plants and reap the profits. But nobody is doing that anywhere in the world, no matter the local policies or politicians (or economists, or engineers...) Private companies invest in almost every power generation technology out of their own pocket around the world... but not in nuclear. There must be something wrong with the nuclear power business model that applies to every country and territory. I honestly don't know what is it (and I'd love to!), but something is not right there. I am about to read http://www.princeton.edu/~ramana/Saudi-Nuclear-Economics-2014.pdf discouraging the building of nuclear power plants in Saudi Arabia, maybe I'll find a couple of clues there.
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