The ridiculously high cost of nuclear power

Shocked by projected construction costs, a Canadian province puts nuclear plans on hold


Andrew Leonard
July 16, 2009 12:53AM (UTC)

Too cheap to meter? Uh, no.

Tyler Hamilton, energy reporter for the Toronto Star, reported yesterday that the Ontario government has shelved its nuclear power plans because the bid it received from Atomic Energy of Canada Limited to build two new reactors came in three times higher than expected.

Advertisement:

The bid to build two reactors by AECL was $23.3 billion dollars, a pretty penny no matter how you slice it. More importantly, the construction costs work out to about $9,865 per kilowatt of electricity generating capacity.

For comparison purposes, a Lazard study from 2008 looking at the costs of different energy generation technologies has concentrated solar thermal topping out at $6,300 per kilowatt.

Nuclear may be climate-change friendly, but it is not cheap.


Andrew Leonard

Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21.

MORE FROM Andrew LeonardFOLLOW koxinga21LIKE Andrew Leonard

Related Topics ------------------------------------------

How The World Works Nuclear Power

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••






Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •