Posted by John Sauven -
31 January 2008 at 10:43am -
The cost of taking nuclear plants out of service is spiralling out of
control. Is this just poor financial management, or does it have wider
implications? Written by Greenpeace Executive Director John Sauven for comment is free.
This week, the National Audit Office released its damning assessment
of the Nuclear Decommissioning Authority's (NDA) ability to estimate
the true financial cost of decommissioning and cleaning up the UK's
fleet of ailing reactors and contaminated facilities. As costs for
decommissioning appear to spiral out of control - rising sharply from
£56bn to £73bn over just a few years - the burden on the taxpayer grows
ever more. And it doesn't end there. The NDA has also been made
responsible for disposing of the UK's stockpile of legacy wastes which
is estimated at an additional £10-20bn. The industry argues these
increased costs have arisen in the face of "significant challenges",
but the echoes from this announcement are all too familiar from a
sector that has been plagued with industrial and financial incompetence.