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Reply #18: China will build them. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 11:08 AM
Response to Reply #16
18. China will build them.
Edited on Tue Apr-13-10 11:15 AM by Statistical
China has no NIMBY factor, no science hating anti-nukkers. The only good side about a totalitarian govt is they can move quickly and adopt plans that would be impossible in Western World (like build 100 reactors in next 2 decades).

Lower labor costs directly lower cost of nuclear energy in China (compared to Western World) because nuclear reactor construction is very labor intensive.

You let me know when China cancels a reactor, I'll be waiting.

As far as capital cost of nuclear energy. Well that is another of your myths that is unraveling in the real world.

Municipal Bonds To Finance Georgia Nuclear Power Plant
http://cenvironment.blogspot.com/2010/03/municipal-bonds-to-finance-georgia.html

About $1.2 billion in Build America Bonds, due April 1, 2057, were launched at 205 basis points, or 2.05 percentage points over the yield of comparable Treasurys. Orders totaled over $3 billion.

To the uninitiated 2.05% over T-bond is about 6%. Notice the bids over $3 billion for $1.2 billion in bonds. That is called oversubscribed and indicates pent up demand. So at 6% investors considered the rate a value (possibly it was offered at too high of an interest rate).
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