2 ms·
"In 1989, Korea began construction on their first domestically developed OPR-1000 design... Twelve reactors of this standard design began construction between 1
by sanxiyn 3y ago
"In 1989, Korea began construction on their first domestically developed OPR-1000 design... Twelve reactors of this standard design began construction between 1989 and 2008, and their costs declined in a stable manner... representing a 13% cost decline (1% annualized)." (Lovering 2016)
The problem is, even after reaping this cost decline, totaling 50%, nuclear power is still noncompetitive in South Korea. They were built for energy independence after oil shock, not for cheap electricity.
- evilos 3y agoSame source as you (Lovering 2016), the Koreans built several 1 GW plants for an overnight cost of 2 Billion USD per plant or less in many cases. A seriously impressive feat. The graph seems to show a far greater cost decline than 13%. https://i.imgur.com/J90HtWm.png https://i.imgur.com/J90HtWm.png The Koreans just recently ousted an administration that was overtly hostile to nuclear energy and had declared a phase out. Now they are planning on increasing the share of nuclear electricity to 35%. https://www.world-nuclear-news.org/Articles/South-Korea-increases-expected-contribution-of-nuc https://www.world-nuclear-news.org/Articles/South-Korea-incr...