Alternative Fuels

Troubled times ahead for nuclear industry – FT

The nuclear power industry is facing headwinds as the construction of new reactors has gone way off schedule and over budget, according to the Financial Times.
By Staff reporter 28 June 2017 0 26550

The nuclear power industry is facing headwinds as the construction of new reactors has gone way off schedule and over budget, according to the Financial Times.

The technology is seen as expensive following the fall in oil and gas prices since 2014 and the continuing drop in the cost of renewables.

Some of the world’s biggest nuclear power companies are facing severe difficulties in delivering projects on time and on budget. Toshiba is withdrawing from international projects following a $6.3 billion writedown by its Westinghouse...