this post was submitted on 07 Dec 2023
155 points (95.9% liked)

Canada

7164 readers
369 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Regions


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 10 months ago (5 children)

My frame of reference is the latest nuclear reactor built in the US. It was six years late, $14 billion over budget, bankrupted Westinghouse, and is set to increase electric rates. The DoE had to give them a $12 billion loan just to finish construction.

I'm not scared they're gonna blow up. I'm scared they're gonna waste a ton of money that could be used for renewables. Heck, even the small modular reactors are running over cost and over time.

[–] [email protected] 2 points 10 months ago (3 children)

Just general problems when using lowest bidder based contracting and cost-plus contracts. The same thing happens any time there's any major project these days: pipelines, transmission lines, hydro plants, etc.

[–] [email protected] 4 points 10 months ago (1 children)

The last power plant I worked on was Chinook generating station near Swift Current, a 350MW combined cycle plant for SaskPower. At $605M is was $75M under budget, you will never hear that on a nuclear project.

The various wind installations are typically fairly close to budget and schedule as well. Hydro is problematic, and that does show in cost overruns, because it is very difficult to predict the geotechnical situation for a given site until excavation starts. Given the stress on the structures, even small differences accumulate rapidly.

The worst thermal plant projects are consistently nuclear.

The refurbishment of Lepreau was supposed to cost $1.5B and take 18 months, it ended up taking $2.5B and just under 4 years to complete.

Flammanville-3 started construction in 2007 was supposed to be operational in 2012. They're now estimating it will complete commissioning in 2024. Costs have gone from €3.3B to €20B+.

Olkiluoto-3 started construction in 2005, was supposed to be operational in 2010, but only completed commissioning in 2022. Costs went from €3B to €11B, the not to exceed amount in the contract.

Hinkley Point C started about 2016, has been pushed back to 2028 and costs have gone from Β£16B to an estimated Β£32B.

Vogtle has been covered, but the V.C Summer plant was no better. Initial estimate was $9B, but the project was cancelled while under construction when the estimated total was projected to exceed $23B.

[–] [email protected] 0 points 10 months ago

The numbers for nuclear sound absolutely fantastic for whoever wins the contract. πŸ€”

load more comments (1 replies)
load more comments (2 replies)