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€12 billion for a single reactor?!

OK, after some googling it seems it's "not more than €12.5 billion" or "between €10 and 12 billion" for two reactors with a 1200 MW output each. Seems more reasonable, but it still shows that nuclear power has very considerable capital costs.

Of course, that also means that getting really cheap credit radically improves the competitiveness of nuclear power. I didn't find out what the interest is on the loan (it's supposed to be "highly preferential"), but the terms are pretty sweet: repayment begins when the plant is commissioned, and will last for 21 years. According to another source, it's a 30-year loan.

Read more here and here.

By the way, good news Orban is moving away from Putin, and good that he got this pretty sweet deal despite that. If the plant is ever built, that is.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Feb 25th, 2015 at 04:51:04 AM EST
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I didn't find out what the interest is on the loan

It rises from 3.95% to 4.95% during the payment period. Is that supposed to be highly preferential?

OK, after some googling it seems it's "not more than €12.5 billion" or "between €10 and 12 billion" for two reactors with a 1200 MW output each.

To be correct myself, €12.5 billion is the cost of the two-block plant (without the extra safety retrofits), and €10 billion is the size of the credit, and it comes with the additional condition that the remaining 20% be paid up-front, for every sub-contract.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Feb 25th, 2015 at 11:30:37 AM EST
[ Parent ]
EU blocks Hungary-Russia nuclear deal
The EU has blocked Hungary's €12bn nuclear deal with Russia, a decision that is likely to inflame tensions between the Kremlin and Brussels.

Oh well...

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri Mar 13th, 2015 at 06:41:16 AM EST
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Putting the screws on Orban and Putin. Good.
by IM on Fri Mar 13th, 2015 at 10:45:41 AM EST
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Euratom's objection was based on a comparatively minor issue: the condition that the nuclear fuel be bought from Russia exclusively. This is still something on which Russia might go along on a treaty change. But the EU's competition authority might rule against the exclusiveness clauses for all the other contracts to be awarded on the basis of the credit because public tenders should be competitive.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Mar 13th, 2015 at 04:31:07 PM EST
[ Parent ]

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