This one falls in the "Sometimes, ya just gotta laugh" category. The sheer desperation of the nuclear cheerleaders, advocates, and true nut-jobs is getting pretty funny. This time it is the claim by a self-styled nuclear expert that government regulations have wrongly increased nuclear power plant costs by a factor of TEN. He claims, apparently with a straight face, that if only the government would get out of it, nuclear power plants would be built for only ten percent of the present, hyper-inflated costs. He shall remain nameless here, unless circumstances change. He writes prolifically, and amusingly enough on several venues.
Knowing this claim to be absolute rubbish, I spent a bit of time exploring the bits of the internet that might have some actual, published data on the costs of component bits that make up a nuclear power plant. It seems that the nuclear cheerleaders just won't accept my word, even though that word is based on substantial education and decades of long, hard and pertinent experience in process plants and power plants world-wide. So, a bit of hopefully objective data is presented below, with the source.
Source document: "REDUCTION OF CAPITAL COSTS OF NUCLEAR POWER PLANTS," NUCLEAR ENERGY AGENCY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (2000) see link (500 kB, 110 pages pdf format)
The data: in the OECD paper cited above, their Table 5 lists nuclear plant component costs
The average of the six nuclear plants is 13.8 percent for just the turbine and generator. See Figure 1 at right for nuclear power plant cost breakdown, using average of costs for the six plants in the OECD paper above.
It would be difficult, then, to see how removing or relaxing regulations would allow one to build an entire nuclear plant at 10 percent of present cost, when buying just the steam turbine and generator will cost more than that. One would rapidly run out of money for the other major systems: nuclear reactor and associated equipment to generate steam, electrical plant for transforming and distribution, heat rejection equipment (cooling tower, heat exchangers, pumps and their motors), and miscellaneous equipment.
The OECD paper is fairly interesting reading. It goes on and on about how nuclear plant costs can be reduced, if only.... and then there is a long, long list of what-ought-to-be's. What is truly interesting is, if the plant constructors know all this already, why haven't they already implemented these steps? I note with great amusement that "no more lawsuits" is not on their list. See below for the entire list:
• Increased plant size.
• Improved construction methods.
• Reduced construction schedule.
• Design improvement.
• Improved procurement, organisation and contractual aspects.
• Standardisation and construction in series.
• Multiple unit construction.
• Regulatory and policy reform.
-- (source: OECD document cited above, "Conclusion" section)
Ah, well. The nuclear power cheerleaders' desperation increases. This one is pretty funny, though. Building a modern, pressurized-water reactor of 1,200 MWe or greater for one-tenth the present cost.
UPDATE: 10-1-2016: The Hinkley Point C twin-reactor plant in UK is an excellent case on point; with GE contracted for $1.9 billion (US) to supply the steam turbine/generators; note the plant's published cost estimate is $20 billion. see link to "GE’s Steam Power Systems to deliver $1.9 Billion Contract for Hinkley Point C Nuclear Power Station in the United Kingdom" (a press release from GE Newsroom of 9/15/2016.) -- end update
Roger E. Sowell, Esq.
Marina del Rey, California
copyright (c) 2016 by Roger Sowell - all rights reserved