Wednesday, November 5, 2008

Nobody wants to build a nuclear plant in Turkey

One Russian bidder, that's all they got. I think it's a bit like Ontario, where everybody has suddenly got cold feet. I think they'd pull out if they could.

We have to face reality here. If we want a nuclear plant, it will have to be like Darlington in the big 80's recession. You just have to force it through, and enjoy the low prices. The ratepayer (tax payer) takes all the risk, and pays for the inevitable huge overruns. What's the alternative? Do they really expect that private companies will now take on a speck of risk? Will the US or France pay money to cover nuclear plants outside their respective countries? Does any government now have that kind of money, considering that they are guaranteed to be soaked?

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