I think €1 billion cost is rather optimistic. Factoring feasibility studies, designs, competitive bids and the cost of plant production, they should be aiming for at least 5x that amount. Constructing nuclear power station is not cheap so usually you’d want to go for the economies of scale and build with more MW output capacity and export to make your money back. They could go for a VVER-1200 pressurised water reactor, with a capacity of 1200 MW like Finland is planning with Rosatomn or the European EPR with a nameplate target of 1000MW. That should come to about €4 billion, give and take maybe €3 billion via EU funding grants.
For 2030 deadline, Rosatom is the only possible vendor.
It seems they want to buy a next-gen small modular reactor by 2031.
Going with the US based NuScale that would cost $1.5B for 300 MW. Going with Thorcon that would cost $600M for 300 MW.
They definitely aren’t planning to buy a quarter of an EPR.
Whether companies like NuScale and Thorcon can deliver remains to be seen, which is why they are talking about 2031 and not 2025.
3 comments
I think €1 billion cost is rather optimistic. Factoring feasibility studies, designs, competitive bids and the cost of plant production, they should be aiming for at least 5x that amount. Constructing nuclear power station is not cheap so usually you’d want to go for the economies of scale and build with more MW output capacity and export to make your money back. They could go for a VVER-1200 pressurised water reactor, with a capacity of 1200 MW like Finland is planning with Rosatomn or the European EPR with a nameplate target of 1000MW. That should come to about €4 billion, give and take maybe €3 billion via EU funding grants.
For 2030 deadline, Rosatom is the only possible vendor.
It seems they want to buy a next-gen small modular reactor by 2031.
Going with the US based NuScale that would cost $1.5B for 300 MW. Going with Thorcon that would cost $600M for 300 MW.
They definitely aren’t planning to buy a quarter of an EPR.
Whether companies like NuScale and Thorcon can deliver remains to be seen, which is why they are talking about 2031 and not 2025.