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Canada's Nuclear Refurbishment Faces Staggering Costs


Industry Segment: Power | Word Count: 438 Words

SUGAR LAND--September 8, 2011--Research by Industrial Info Resources (Sugar Land, Texas)--Building a new nuclear facility is a multibillion-dollar investment, and financing has become increasingly difficult. Following the 2011 Fukushima Daiichi Plant nuclear disaster in Japan, costs for materials are more likely to go up. The only alternative to building a grassroot plant is to modernize, refurbish or upgrade existing equipment, and refurbishment or any long-term upgrade at a nuclear plant is outrageously expensive, and often unaffordable. Even a relatively inexpensive upgrade could easily run into the millions.

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