America’s first new nuclear power plant to be built in decades may end up costing $200 million more than budgeted for in 2015, Kallanish Energy understands. The Chattanooga Times Free Press reported Tennessee Valley Authority directors voted in January to add $200 million more to the budget for the Unit 2 reactor at the Watts Bar Nuclear Plant in Tennessee, raising the completion budget to $4.7 billion since work was revived on the reactor in 2007. Watts Bar spokesman Mike Skaggs told the paper the cost rose in part because of delays in completion, extra flood controls and emergency equipment required to prevent an accident like what happened at Fukushima, Japan. The price for the new TVA plant is still below the expense of reactors being built at Plant Vogtle in Georgia, which are projected to top $10 billion.
Kallanish Energy 5th Feb 2016 read more »
The Tennessee Valley Authority (TVA) has approved the expenditure of a further $200 million on the completion of Watts Bar 2, which would bring final spending on the project to a total of up to $4.7 billion.
World Nuclear News 4th Feb 2016 read more »