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| Fri, 3rd Jul 2020 12:28:00 |
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NEA study sets scene for reducing nuclear costs |
Nuclear energy can play a very important role in the near term - as part of the recovery from the COVID crisis - and in the longer term to meet environmental and energy security targets, but the cost of building large new plants has presented a major barrier, NEA Director General William Magwood said yesterday at the webinar launch of Unlocking Reductions in the Construction Costs of Nuclear: A Practical Guide for Stakeholders. In some cases, costs and overruns have even led to project failures, he said.
The NEA's analysis has shown that high costs and project schedules are not an inherent characteristic of nuclear technology but a reflection of weak supply chains and a lack of recent construction in western OECD countries, he said. The new report provides "compelling evidence for highly achievable pathways to dramatic cost reduction in nuclear new build," said Magwood at the report's online launch. "Cost reductions are already taking place in some parts of the world, and higher levels of industrial and regulatory harmonisation could bring additional long?term benefits. Industry still has much to do, but the leadership and timely action by governments is essential."
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