|August 31, 2010
By JAMES KANTER
As anticipation grows about
a possible renaissance for the nuclear power industry — and about its potential
for curbing greenhouse gas emissions — some politicians are stepping up
warnings about the high cost of such projects.
| Mr. Hendry also said that utilities would
be expected to come up with that money themselves, without state support,
according to the report.
To improve incentives for building nuclear plants, Mr. Hendry has suggested imposing a supplemental levy on coal and gas plants to raise the cost of emitting carbon dioxide.
But many experts warn that new nuclear projects are simply too large without resorting to subsidies from governments.
A particular concern is the specter of spiraling costs at a high-profile project at Olkiluoto in Finland, where Areva, a French nuclear reactor builder, agreed in 2005 to build a next-generation plant, called E.P.R., by 2009, for about 3 billion €.
But costs have nearly doubled, and the project is not expected to come online until the end of 2012, partly because of bitter disagreements between Areva and its the customer, Teollisuuden Voima Oyj, a Finnish utility.