Publication Laka-library:
Economics of Nuclear Power from Heavy Water Reactors
Author | Ramana, D’Sa, Reddy |
6-01-0-10-69.pdf | |
Date | April 2005 |
Classification | 6.01.0.10/69 (COSTS) |
Front |
From the publication:
Economics of Nuclear Power from Heavy Water Reactors Using a discounted cash flow methodology, this paper performs a detailed analysis of the current costs of electricity from two of the Department of Atomic Energy’s heavy water reactors. It compares these costs to that from a recently constructed coal-based thermal power plant. The cost so computed is a sensitive function of the discount rate (a measure of the value of capital) used and the results show that for realistic values of the discount rate, electricity from coal-based thermal power stations is cheaper than nuclear energy. M V RAMANA, ANTONETTE D’SA, AMULYA K N REDDY T he Department of Atomic Energy (DAE) has been pro- had concluded that other options like coal and hydroelectric moting nuclear power as the “obvious choice for India power were cheaper than nuclear power under realistic assump- to solve its energy problems in the long-term” [Bhoje tions and “even if the projections and scenarios indicate large 2001]. Such promises that nuclear power would play an important demand-supply gaps in the future, the most expensive way of role in satisfying India’s energy needs have been routinely offered bridging these gaps is through nuclear power plants” [Reddy since the 1950s, but the actual growth of nuclear power in the et al 1990]. country has been extremely modest. As of January 2005, the total The present study was undertaken with the hope that over the installed nuclear power generation capacity is 2,770 MW, less last decade more information on the expenditures actually in- than 3 per cent of the total installed electricity generation capacity curred would have become publicly available, allowing a better in the country.1 and more reliable estimate of the cos