This is nothing new. Nuclear power in Canada is ALWAYS overbudget, always costs more than the estimates claim it will cost, is always delayed / behind schedule, and ultimately is always more expensive to build than any other method of gaining electricity.Hint, here is the order of the cheapest to the most expensive ways to make electricity: Hydro, geothermal, coal, oil, gas, tidal, wind, solar, nuclear. On a per kilowatt basis nuclear power requires the most money to build and costs the most to maintain.
The only advantage that nuclear power has is that it is seen as a clean alternative to coal.
Yesterday TransCanada Corp. reported that refurbishing the two nuclear reactors of the Bruce A nuclear plant has cost $3.8 billion so far. And they're three years behind schedule...
The original price estimate in 2005 was $2.75 billion, which means they are already $1.05 billion overbudget... and according to their estimates the nuclear plant won't be ready to be restarted for test trials until approx. December 2011, with commercial operation beginning some time in 2012.
The original plan was to have everything up and working in 2009. So much for that pipe dream.
Meanwhile Canada apparently has some of the best geothermal technology in the world (and we've been selling it overseas), but the powers-that-be in Canada are still refusing to invest in one of the cheapest, most efficient ways to make electricity. See Canada dead last in Geothermal.
See Also:
Geothermal Heating Systems
How to Host a Geothermal Party
Ground temperatures in Canada rising
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