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Reply #35: China hasn't paid yet - just like Finland [View All]

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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-18-09 11:33 AM
Response to Reply #33
35. China hasn't paid yet - just like Finland
Finland got a fixed cost contract from Areva.
Areva lost so much money on the deal, they're trying to renegotiate.
We still don't know (1) how much it will cost to build or (2) how much Finland will have paid after it's finished (if it's finished).
Finland is already paying in other ways - they expected this plant to be online by now, so they're using fossil fuels which put them behind their Kyoto agreements which costs them money.
Areva won't do fixed-cost anymore.

The China deal is complex, and includes technology licensing so that China can build its own AP1000's.
We don't know (1) how much it will cost to build or (2) how much China will have paid after it's finished (if it's finished) or (3) the terms of the technology license (China has licensed the technology so it can build its own AP-1000's - Westinghouse may have sold below-cost as a loss-leader, expecting to make it up on future licensing fees) or (4) other parts of the deal we don't know about.

The price you're paying may not reflect the full costs, a lot of plants were sold for pennies on the dollar as part of bankruptcies and energy deregulation.

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