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Currently not going swimmingly adapting the VVER to western standards though. Looking to be at least €8 B if everything goes to plan, which would be lunacy to b

Currently not going swimmingly adapting the VVER to western standards though. Looking to be at least €8 B if everything goes to plan, which would be lunacy to bank on given all other western examples. I wonder why only autocratic governments manage to build them? > On 21 December 2018, Fennovoima announced that it had received a new schedule to receive the construction license and start construction of the plant in 2021. The commercial operation should start in 2028.[21] > In April 2021, Fennovoima announced that bringing the design and licensing material to the level of Finnish requirements has taken longer than expected. The company estimated that it could obtain the construction license in 2022 and that construction of the power plant would begin in 2023. Commercial operation of the plant would begin in 2029.[1] https://en.wikipedia.org/wiki/Hanhikivi_Nuclear_Power_Plant https://en.wikipedia.org/wiki/Hanhikivi_Nuclear_Power_Plant

fuoqi 5y ago
First, let's start with the fact that €8B is a wrong number. The last estimate is €7–7.5B. Next, you should consider the following factors: - The Finish nuclear regulation is quite paranoid, even by "western" standards. Also add political pressure on the top of it. - The project probably includes significant modification of the standard Russian design. Meaning additional design and certification costs. While Russia and most other foreign countries use mostly "standard" designs. But note that it's effectively a one-time cost, i.e. it will not apply to the same extent to additional reactors in the same country. - It's a greenfield project, meaning the cost includes supporting infrastructure. Building additional reactors at an existing site or close to it will be noticeably cheaper (as the case with VVERs build today in Russia). - Usually, in such projects the hosting side wrestles as much as possible for stuff to be built and procured locally. Meaning, labor and materials which are relatively cheap in Russia/Turkey/Egypt/etc. will cost 1.5-3x more in Finland.

fuoqi 5y ago

First, let's start with the fact that €8B is a wrong number. The last estimate is €7–7.5B. Next, you should consider the following factors: - The Finish nuclear regulation is quite paranoid, even by "western" standards. Also add political pressure on the top of it. - The project probably includes significant modification of the standard Russian design. Meaning additional design and certification costs. While Russia and most other foreign countries use mostly "standard" designs. But note that it's effectively a one-time cost, i.e. it will not apply to the same extent to additional reactors in the same country. - It's a greenfield project, meaning the cost includes supporting infrastructure. Building additional reactors at an existing site or close to it will be noticeably cheaper (as the case with VVERs build today in Russia). - Usually, in such projects the hosting side wrestles as much as possible for stuff to be built and procured locally. Meaning, labor and materials which are relatively cheap in Russia/Turkey/Egypt/etc. will cost 1.5-3x more in Finland.