Investment of between €350 billion ($399 billion) and €450 billion will be required over the next 35 years to maintain the European Union’s nuclear generating capacity at between 95 and 105 GWe, according to the European Commission’s latest Nuclear Illustrative Program (PINC). The EC is mandated by the Euratom Treaty to periodically issue a new PINC to indicate targets and a program for nuclear production and the corresponding investment required. The previous PINC was published in 2007. The European Commission noted that latest PINC is the first to be presented after the March 2011 accident at the Fukushima Daiichi plant in Japan. The commission noted that since the publication of the previous PINC “the EU nuclear landscape has undergone significant changes with the organization of the comprehensive risk and safety assessments (‘stress tests’) of EU nuclear power reactors after the Fukushima Daiichi accident and the adoption of landmark legislation on nuclear safety, radioactive waste and used fuel management and radiation protection”.
World Nuclear News 4th April 2016 read more »
The European Commission today presented a paper setting out its analysis on the future of nuclear power in Europe (the Community Nuclear Illustrative Programme – PINC). It is the first paper of its kind by the Juncker Commission and the first since the Fukushima accident in Japan. The Greens criticised the paper for setting out an unrealistic and over-optimistic assessment of the sector, as well as playing down the costs involved, with Greens/EFA co-president Rebecca Harms stating: “This paper shows that the EU Commission’s thinking is still influenced by nuclear supporters in key positions. The paper is a bizarre mixture of illusion and propaganda. It is alarming that the Commission sees the greatest potential for the future of the nuclear sector via the extension of reactor lifetimes by up to 60 years. This approach is grossly irresponsible for such a high risk technology.
Greens in European Parliament 4th April 2016 read more »