Last year Bloomberg had a long article on the troubles plaguing Finland’s Olkiluoto-3, “the first nuclear plant ordered in Western Europe since the 1986 Chernobyl disaster.” By 2007, the plant had been delayed two years thanks to “flawed welds for the reactor’s steel liner, unusable water-coolant pipes and suspect concrete in the foundation.” It was also more than 25 percent over its 3 billion-euro ($4 billion) budget.
Yet a year later, the cost was up 50%, and Finland’s Radiation and Nuclear Safety Authority said “the supervision and ‘safety culture’ of welding at the Olkiluoto-3 nuclear plant did not meet all of its standards and must be improved.”
Who could be responsible for all these flaws and cost overruns? Could it be … Satan? After all, The Book of Revelation clearly states:
1: And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy….
17: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18: Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Okay, maybe I am watching too much Fringe. Still, it can’t be good.
In any case, everything you could possibly want to know about plant costs and the so-called “nuclear Renaissance” can be found in my Center for American Progress report, “The Self-limiting Future of Nuclear Power.” For a shorter, more readable version try “Nuclear bomb.”
- McCain nuclear energy revival may cost $315 billion, with taxpayers’ risking over $100B
- Nuclear storage at Yucca jumps 38% — to $96B
- The Self-Limiting Future of Nuclear Power, Part 1
- Nuclear power, Part 2: The price is not right
- McCain, NOT the candidate of change, says no to Boxer-L-W without giga-subsidies for nukes
- Nuclear Pork — Enough is Enough