The cost of building new nuclear power plants is nearly 20 per cent higher than expected due to delays, a new analysis has found.
A new analysis of the history of nuclear power plant projects shows since 2010 delays have contributed 18 per cent the costs.
These delays – which can run into years or even decades – increase the cost compared with older projects and are often overlooked when new projects are planned. The authors say that these extra costs need to be properly assessed when considering new nuclear projects.
They say nuclear projects are more like ‘mega-projects’, such as large dams, which require more rigorous financial assessments due to their high uncertainty and risk.
Read more at Imperial College London
Image Credit: Stefan Kühn
