Russia clears $11.38 billion for nuclear power plant in Bangladesh

[Nilgiri]

About the construction cost to build a nuclear plant, please read the following excerpts from the NEA (Nuclear Energy Agency) of the USA:

The NEA figures for the 1990s must be treated with caution as they are not in line with some other data sources. The US Energy Information Administration (EIA) calculated that, in constant 2002 values, the realized real overnight cost of a nuclear power plant built in the USA grew from US$ 1,500/kW in the early 1960s to US$ 4,000/kW in the mid-1970s.

The EIA cited increased regulatory requirements (including design changes that required plants to be back-fitted with modified equipment), licensing problems, project management problems and mis-estimation of costs and demand as the factors contributing to the increase during the 1970s.

Its 2010 report, Updated Capital Cost Estimates for Electricity Generation Plants, gave an estimate for a new nuclear plant of US$ 5,339/kW.
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I do not have any of the 2015 cost estimates. But, how much should be the capital cost to build two 1200 mW plants in 2016 onward? With reference to the above link, 2 power units. x (1200 mW x 1000kW) x US$5,339/kw = 2,400,000 kW x US$5339/kW = US$12,813,600,000 or US$12.813 billion.

Is it too far above the US$11.38 billion for Rooppur? The cost is high, indeed. But, it is more than compensated during the 50 year of its life cycle by a low fuel cost, which is only 11.3% of the plant running cost. Coal is 83% and gas is 73%.

Doctor @idune of Jamaat should not tie with Indians to degrade BD about the cost of a nuclear plant. It is not a toy that you buy from a shop for your son. So, do not try to EXPOSE awami leagures when they are not guilty. You are a doctor of many false inventions and exposes.

Bluesky, you may want to read this as a more complete source:

http://www.world-nuclear.org/information-library/economic-aspects/economics-of-nuclear-power.aspx

The IEA-NEA Nuclear Energy Roadmap 2015 estimates China’s average overnight costs of approximately USD 3,500/kW are more than a third less than that in the EU of USD 5,500/kW. Costs in the US are about 10% lower than the EU, but still 30% higher than in China and India, and 25% above South Korea. In its main scenario, 2050 assumptions for overnight costs of nuclear in the United States and European Union are estimated to decline somewhat, reaching levels closer to those in the Republic of Korea, while costs in Asia are assumed to remain flat.

In China it is estimated that building two identical 1000 MWe reactors on a site can result in a 15% reduction in the cost per kW compared with that of a single reactor.

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Basically you need the industrial capacity and experience to gain access to reduced costs without compromising on design/safety.

Bangladesh should not be comparing with the US and EU on prices of nuclear reactors built on their soil today (given the huge amount of labour, land, zoning and insurance costs not to mention current lack of economies of scale in the industry given the rampant anti-nuclear programs there).

Rather Bangladesh must seek to learn as much as it can from this high cost 1st project and then see what is the best way forward in scaling this up internally with the greater industrial diversity and capacity it is aiming for in 2020 - 2040 decades.

It will take time.

Assuming 2400 MW at 0.7 load capacity operating for 35 years (standard operating lifetime of this reactor):

11.38 billion USD/(2400 *0.7 * 35 *1e03*365*24) kWH = 2.2 cents /kWH to recuperate the capital costs on an amortized basis. Of course this does not include operating costs and relative inflation.

Does the 11.38 billion include insurance costs btw? What are the details of the loan provided by Russia?

 

[extra terrestrial]

Yes we are prone to floods but not flash flood. As the north where the power plant is being built is entirely flat the flood is characterized by quiet rise of water level. People die from water borne disease but not flash flood. So The plant can easily be protected.

Ironically, it's not floods rather the lack of water which is a major concern for the project. In the 1960s, Rooppur was selected as the most preferable site for the nuclear power plant due to its close proximity to Padma since these plants require large quantities of water to cool down the reactors. Now, the current status of Padma is known to all...

I don't know about the detailed design but looking at the high cost of this project, I guess they have included construction of a reservoir...

 

[Aung Zaya]

You are clearly JEALOUS of the friendship that Burma-India have.........

Our friendship generates more power than your $12 billion reactors & it is free of cost!!!

@Aung Zaya

yes..

 

[TopCat]

Ironically, it's not floods rather the lack of water which is a major concern for the project. In the 1960s, Rooppur was selected as the most preferable site for the nuclear power plant due to its close proximity to Padma since these plants require large quantities of water to cool down the reactors. Now, the current status of Padma is known to all...

I don't know about the detailed design but looking at the high cost of this project, I guess they have included construction of a reservoir...

Yes its the cooling tower which is going to cost a lot. Russian engineers also talked about the structure of the soil and underground water are the major impediment in the design as well. As we dont know the details of the design and the cost involved, we can only guess.

 

[alaungphaya]

I can see the whole thing ending in tears. What are the plans for waste management and its logistics?

 

[UKBengali]

I can see the whole thing ending in tears. What are the plans for waste management and its logistics?

If you say so

 

[jaunty]

If she rules one more term Bangladesh will finally be free of remaining 8% Hindus. But her Govt will forge the statistics that hindus are 15% like It did this year.

That is a decision for Bangladeshi Hindus, not me. They seem to like her more than the Jamat-BNP nexus.

And Yes I also support her now. BNP is dead. One party rule will only make us stable

I am not surprised. You have always come across as a flip-flopper. Case in point: ISIS.

 

[kobiraaz]

I am not surprised. You have always come across as a flip-flopper. Case in point: ISIS.

Google Realpolitik maybe.

 

[jaunty]

Google Realpolitik maybe.

Someone supporting ISIS as late as 2014 only has the benefit of ignorance (to put it mildly), not realpolitik!

 

[Russell]

Concrete pouring starts in Sept - preliminary work has been going on for months

 

[idune]

awami league masters in delhi said not so fast......following development says india will now use awami league regime to stall Russian funded power plant in Bangladesh.

India punishes Russia for its China ties
An exclusive story in today’s Times of India claims that India has made Russian projects to construct more nuclear power plants in India conditional on Moscow persuading Beijing to give up its opposition to India’s membership of the Nuclear Suppliers Group.
https://defence.pk/pdf/threads/india-punishes-russia-for-its-china-ties.496439/

 

[MultaniGuy]

Well good for Bangladesh

Well good for Bangladesh

 

[ziaulislam]

India paid 2.6 billion for the two 1000 MW reactors to Russia. Why BD paying way more? Steel prices are way down too.

not sure how..post link
pak paid 9B for 2 1100mw plants.