Tuesday, December 23, 2008

Winning Ugly

Lucifer tells me that the financial crisis in Russia is getting so bad, that nuclear insiders are now thinking that none of the 10 proposed domestic reactor projects are likely to be built.  This is not info from people who want stop them, this is from people who are paid by the nuclear establishment and wants to see them.

Radio Bulgaria is announcing the oft stopped Belene nuclear power plant will go into contstruction in the second half of 2009.  They say these 2 reactors will cost $4 billion total turn key and will be finished by 2013 and 2014 and that the Russian banks are going to finance it.  Lies, all lies.  They cant do it that fast (where is the pressure vessel coming from ?), they cant do it that cheap (US reactor cost estimates are running nearly twice this - the new contract for Vogtle signed in April of this year is for $14 billion, plus $3 billion in transmission upgrades) and they can't get the money from the Russians.

The big question is will Mr Obama offer huge uneconomic bailouts for utilities wishing to build reactors.  When Google, Al Gore, Oil Magnet T. Boone Pickens and the Rocky Mountain Institute all have plans for climate change friendly restructuring of the US electricity sector, which avoid new nuclear.  

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