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> In absolute terms, Japan and India have costs similar to South Korea That countries like Japan and Korea have similar absolute costs as India which has a 4-5
by danans 4y ago
> In absolute terms, Japan and India have costs similar to South Korea
That countries like Japan and Korea have similar absolute costs as India which has a 4-5x lower PPP adjusted GDP per capita suggests that the price for labor for nuclear power plant construction is globally set (relatively few qualified engineers who can demand a high price), or India uses a lot more labor, or a combination of both.
- 8ytecoder 4y agoIndia probably uses a lot of foreign expertise. It’s either the French or the Russians that supply the reactor. That would change in the future I suppose and cost would drop. Also, corruption.
- mayama 4y agoIndia was under nuclear sanctions until recently and had to build and design everything from scratch. Every component is made in India for PHWR which adds a lot of cost, due to r&d and economies of scale. Also, India is still not a member of NSG, due to repeatedly being blocked by China.