Saturday , August 13 2022
Home / John Quiggin / Russia and the end of nuclear power

Russia and the end of nuclear power

Summary:
Of the 50-odd nuclear plants currently under construction, around 1 in 3 are Russian VVER designs, being built by Rosatom. Sanctions on the supply of all kinds of electronics mean that few of these will be completed on time, if ever. in promoting sales, Russia has relied heavily on concessional financing through Sberbank, which is also sanctioned. That’s going to make future sales just about impossible, and create big difficulties in fulfilling existing commitments. With the exception of the EPR money-pit, the only remaining large reactor design still in the market is China’s Hualong One. Given the experience with Russia, buyers outside China may well be cautious about this option. So, if there is any chance for new nuclear, it rests with Small Modular Reactors, none of which

Topics:
John Quiggin considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Dumb and Dumber — the Chicago economics version

WARREN MOSLER writes CPI, PPI

Editor writes A coherent alternative has to be proposed

Dan Crawford writes Open thread August 9, 2022

Of the 50-odd nuclear plants currently under construction, around 1 in 3 are Russian VVER designs, being built by Rosatom. Sanctions on the supply of all kinds of electronics mean that few of these will be completed on time, if ever. in promoting sales, Russia has relied heavily on concessional financing through Sberbank, which is also sanctioned. That’s going to make future sales just about impossible, and create big difficulties in fulfilling existing commitments.

With the exception of the EPR money-pit, the only remaining large reactor design still in the market is China’s Hualong One. Given the experience with Russia, buyers outside China may well be cautious about this option.

So, if there is any chance for new nuclear, it rests with Small Modular Reactors, none of which actually exist (there are small reactors, but they aren’t modular, that is, mass-produced).

John Quiggin
He is an Australian economist, a Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a former member of the Board of the Climate Change Authority of the Australian Government.

Leave a Reply

Your email address will not be published. Required fields are marked *