09 Apr '11, 1am

The Great Unknown in Nuclear: Cost: Nuclear plants might be one of the most advanced technologies ever invente...

The Great Unknown in Nuclear: Cost: Nuclear plants might be one of the most advanced technologies ever invente...

Nuclear plants might be one of the most advanced technologies ever invented, but their underlying budgets sound like something straight from the age of the pyramids. "Sixty percent of the costs of building a plant in the U.S. is labor," said Lucas Davis, a professor at the Haas School of Business at UC Berkeley during a session at the Commonwealth Club today. While the nuclear industry says it will intensely scrutinize the failures of Fukushima to prevent future catastrophes, it must also grapple with one of its chronic problems. Namely, cost. The budget for nuclear plants--historically speaking--exceed expectations and completing the plants takes longer than expected. Davis, in fact, said he couldn't even think of one that came in on time and/or under budget. The cause of the overruns comes in part from of the sprawling nature of these projects. The years it takes to buil...

Full article: http://www.greentechmedia.com/articles/read/the-great-unk...

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