2 ms·
We saw what happened to Areva building reactors on a fixed cost contract. Today's economic realities do not quite let one plan a 10 year project on a fixed cost
by petre 6y ago
We saw what happened to Areva building reactors on a fixed cost contract. Today's economic realities do not quite let one plan a 10 year project on a fixed cost. 3.3bn do not equate to 2007 3.3bn in 2020. The Chinese are able to do it because they not a free market economy, they can force people to work at gunpoint.
- jnxx 6y agoSo, these things are not viable in a market economy? Why should they be pursued then?
- petre 6y agoThey are viable but I'm quite skeptical about accurately estimating the costs for a 10 year project. Concrete, steel, fuel, workforce costs fluctuate from a year to another, let alone 10 years. We'll just have to accept that there are going to be cost overruns.