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Thread: New delays to come for the EPR

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    Senior Member fxtester's Avatar
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    Nov 2008

    Default New delays to come for the EPR

    The European Pressurized Reactor (EPR designed by Framatome and Siemens's nuclear business, then merged into Areva SA), a third generation nuclear plant has some issue with the pressure vessel steel in Flamanville (France).

    Olkiluoto 3 (Finland) should be operational in 2018.

    While Taishan 1 (China) will be operational in first half 2017. And Taishan 2 (still China) will start up later the same year.

    The cost of the two first EPR has been multiplied by 3 (10 billions per unit instead of 3 billions).

    Taishan 1 & 2 have profited of the mistakes of Flamanville and Olkiluoto 3.

    The EPR in USA has been cancelled (as the USA doesn't give the right to an alien company to own power plant on his territory and require that the plant survive to a plane crash). The one in UK is still in discussion (due to financial issues).

    A second EPR will be built in France, and two other in India.

    The EPR presents more water pressure comparing to the current nuclear plant generation. It allows a better use of the uranium, with less waste, and less risk to have leaks, bad core fusion, etc...

    Areva will be soon integrated to EDF (Electricite de France) :

    This steel weakness issue remind us the incidents of the Superphenix project in the 80s and the 90s, a new kind of nuclear plant that was supposed to use nuclear waste with the assistance of neutron and sodium.

    EDF has invested a lot in these EPR projects. The cost of the electricity in France has been increased to insure their finality.

    We can suppose that its price will start to rise by the end of 2017 - beginning of 2018 when the chinese EPR will bring revenues.

    More informations :
    Last edited by fxtester; 04-14-2016 at 11:38.

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