It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
German industrial and engineering conglomerate Siemens is to withdraw entirely from the nuclear industry.
The move is a response to the Fukushima nuclear disaster in Japan in March, chief executive Peter Loescher said.
Myth of cheap nuclear power
Press Release 29 January 2008 Landau
The elimination of the former nuclear fuel reprocessing plant in Karlsruhe (WAK) is considerably more expensive than previously estimated.
According to information from members of the southern Palatinate Heinz Schmitt (SPD) and his SPD Colleagues Klaus Hagemann, housekeeper for research in the Bundestag , there costs for the vitrification of radioactive waste are rising by a further € 239 million.
"We get a feel for the first time, how expensive nuclear power really is." Schmitt.
The cost of decommissioning of the Karlsruhe plant increased from an originally planned one billion euros to the sum of 2.2 billion euros now.
Furthermore the cost of over 430 million euros for final disposal would be added once.
These numbers are not the final word, because there are still some uncertainties and risks in the estimate of the costs.
According to Schmitt especially outrageous is the fact that the public sector and not the energy industry had to bear these additional costs.
Responsible for this is the former Federal Minister of Research Prof. Dr. Heinz Riesenhuber (CDU).
He released 15 years ago the energy industry out of their financial responsibility for the nuclear legacy of the CTE, and guaranteed business share of the costs of disposal.
"We have the totally unacceptable situation that the energy industry put away billions in profits while the taxpayer must pay for the backlog." Schmitt said.
The consumer pays twice!
Once again, the myth of cheap nuclear electricity was debunked.
Originally posted by Beavers
is there an alternative energy source?
A new generation of reactors could be fuelled by thorium, seen by its supporters as safer and producing less of a waste problem.
The disaster at the Japanese nuclear plant at Fukushima earlier this year prompted heart-searching in Switzerland and the government announced in May that it planned to phase out all nuclear power generation in Switzerland by 2034.
And this isn't your father's nuclear industry. Today, there are only a handful of major plant designs, and they’ve been built around the world. Toshiba (Japan: 6502; OTC: TOSBF), which owns the former Westinghouse’s nuclear division, and Siemens (NYSE: SI) are two of the leading players and are doing a lion's share of the work in China and Asia. GE (NYSE: GE) produces a light water reactor that makes up about 33 percent of the US nuclear power plants and is developing a new generation of the old model.
Good news Muck, thanks for the updates.
I would suggest that the German community is fairly well educated and that they understand the risks associated with such technology.
We should pay heed to what decisions they are making.
It's time to leave that uneconomical business sector behind us.
It's not cheap, it's not safe.
Well done Siemens