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Nick Clegg’s Green Lie Goes Nuclear

THE Telegraph creates a storm over Nick Clegg’s kak-handed attempt to create a coherent energy policy. For starters, we have Rosie Prince writing:

The Government has given provisional approval to the building of at least 10 new nuclear reactors, costing around £50 billion each, at eight sites as part of the pledge to cut carbon emissions by 80 per cent in coming decades.

Each? No. Nuclear reactors do not cost that much. As recently as 2008, the BBC reported:

How much does it cost to build a nuclear power station?

There are few recent examples to draw on, but a new plant being built in Finland gives some indications. The Olkiluoto project is Western Europe’s first new reactor in a decade and is expected to cost about £2.25bn ($4.5bn), but there have been serious delays there. Other analysts put the cost of a plant at £1.5bn.

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Posted: 30th, March 2011 | In: Politicians | Comment