A short answer to this question might be, it depends who you ask. Ask Opposition leader Peter Dutton, for instance, and he will tell you a federal Coalition government under his leadership could have a nuclear power plant up and running in Australia within a decade.
Ask the highly experienced French state-owned nuclear power giant EDF, which manages 56 reactors in the world’s most nuclear dependent country, and you would get rather a different answer.
Bloomberg reports that EDF this week got regulatory approval to start up its newest nuclear reactor, the 1.6GW Flamanville plant in France’s north west – a milestone that is 12 years behind schedule and more than four times over budget, thanks to a range of construction problems including concrete weakness and faulty pipe welds.
The green light allows EDF to load the fuel in the reactor, proceed with trials, then begin operations, the Autorite de Surete Nucleaire said in a statement on Tuesday. Further approvals will be needed upon reaching key milestones during the trial phase, the regulator said.
According to other reports, EDF said last month it hoped to connect the Flamanville pressurised reactor to the national grid by the European summer and reach full power by the end of the year.
But it will not be smooth sailing from there. A faulty vessel cover still needs replacing at the plant, with reports suggesting this has been pushed out to 2026, when the plant would be shut down for up to a year.
Meanwhile, EDF in March raised its cost estimate for the construction of six new nuclear reactors to €67.4 billion ($A102.5 billion), Reuters has reported, up from the company’s first estimated their cost of €51.7 billion.
So, how long does it take to build a nuclear reactor?
Kobad Bhavnagri, Bloomberg New Energy Finance’s energy expert and global head of strategy says the long delay and cost blowout at Flamanville 3 is not an isolated incident.
“Very similar delays and multifold cost blowouts have occurred with recent reactor builds in the UK, Finland and USA,” Bhavnagri writes on LinkedIn.
“Countries with well established nuclear industries.
“The lesson here? Don’t believe anyone who says they know how much it will cost and how long it will take to build a new nuclear plant (unless they are in China).”
