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OK, after some googling it seems it's "not more than 12.5 billion" or "between 10 and 12 billion" for two reactors with a 1200 MW output each. Seems more reasonable, but it still shows that nuclear power has very considerable capital costs.
Of course, that also means that getting really cheap credit radically improves the competitiveness of nuclear power. I didn't find out what the interest is on the loan (it's supposed to be "highly preferential"), but the terms are pretty sweet: repayment begins when the plant is commissioned, and will last for 21 years. According to another source, it's a 30-year loan.
Read more here and here.
By the way, good news Orban is moving away from Putin, and good that he got this pretty sweet deal despite that. If the plant is ever built, that is. Peak oil is not an energy crisis. It is a liquid fuel crisis.
It rises from 3.95% to 4.95% during the payment period. Is that supposed to be highly preferential?
OK, after some googling it seems it's "not more than 12.5 billion" or "between 10 and 12 billion" for two reactors with a 1200 MW output each.
To be correct myself, 12.5 billion is the cost of the two-block plant (without the extra safety retrofits), and 10 billion is the size of the credit, and it comes with the additional condition that the remaining 20% be paid up-front, for every sub-contract. *Lunatic*, n. One whose delusions are out of fashion.
EU blocks Hungary-Russia nuclear deal The EU has blocked Hungary's 12bn nuclear deal with Russia, a decision that is likely to inflame tensions between the Kremlin and Brussels.
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