The only other nuclear new-build project in the US - two partially-built AP1000 reactors in Georgia - is hanging on by a thread. Georgia's Public Service Commission is reviewing a proposal to proceed with the reactors despite the bankruptcy filing of the lead contractor (Westinghouse), lengthy delays (5.5 years behind schedule) and a doubling of the cost estimate (the original estimate was A$17.9 billion and the latest estimates range from A$32.5 - 38.4 billion for the two reactors).
No other reactors are under construction in the US and there is no likelihood of any construction starts in the foreseeable future. The US reactor fleet is one of the oldest in the world - 44 out of 99 reactors have been operating for 40 years or more - so decline is certain. Six reactors have been shut down in the US over the past five years and many others are on the chopping block.
Indicative of their desperation, some nuclear advocates in the US (and to a lesser extent the UK) are openly acknowledging the contribution of nuclear power (and the civil nuclear fuel cycle) to the production of nuclear weapons and using that as an argument to sharply increase the massive subsidies the nuclear power industry already receives. That's a sharp reversal from their usual furious denial of any connections between the 'peaceful atom' and the proliferation of Weapons of Mass Destruction.
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Global downturn
Elsewhere, the nuclear industry is in deep malaise and has suffered any number of set-backs this year. Pro-nuclear lobby groups are warning about nuclear power's "rapidly accelerating crisis", a "crisis that threatens the death of nuclear energy in the West", and noting that "the industry is on life support in the United States and other developed economies".
The French nuclear industry is in its "worst situation ever" according to former EDF director Gérard Magnin. The only reactor under construction in France is six years behind schedule, the estimated cost has escalated from A$5 billion to A$16 billion, and the regulator recently announced that the pressure vessel head of the reactor will need to be replaced by 2024 following a long-running quality-control scandal. The two French nuclear utilities face crippling debts (A$56.5 billion in the case of EDF) and astronomical costs (up to A$151 billion to upgrade ageing reactors, for example), and survive only because of repeated government bailouts.
In South Africa, a High Court judgement on April 26 ruled that much of the country's nuclear new-build program is without legal foundation. There is little likelihood that the program will be revived given that it is shrouded in corruption scandals and President Jacob Zuma will leave office in 2019 (if he isn't ousted earlier).
Public support for South Korea's nuclear power program has been in free-fall in recent years, in part due to a corruption scandal. Incoming President Moon Jae-in said on June 19 that his government will halt plans to build new nuclear power plants and will not extend the lifespan of existing plants beyond 40 years.
In June, Taiwan's Cabinet reiterated the government's resolve to phase out nuclear power by 2025.
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In the UK, nuclear industry lobbyist Tim Yeo says the compounding problems facing the industry "add up to something of a crisis for the UK's nuclear new-build programme." The estimated cost of the only two reactors under construction was recently increased to A$46.2 billion (A$23.1 billion each) and they are eight years behind schedule.
India's nuclear industry keeps promising the world and delivering very little - nuclear capacity is 6.2 GW and nuclear power accounted for 3.4% of the country's electricity generation last year.
In Japan, Fukushima clean-up and compensation cost estimates have doubled and doubled again and now stand at A$245 billion. Only five reactors are operating in Japan, compared to 54 before the March 2011 Fukushima disaster.
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