Spain shuts down oldest nuclear reactor

The Garona nuclear power plant is shutting down in order to avoid new taxes that would render the plant unprofitable.  Spain is introducing higher taxes on electricity generation as a measure to address an over 24 billion euro ($31 billion) energy tariff deficit after years of selling power below costs.

The operator of the plant Nuclenor said, that the additional 153 million euros of taxes that the BWR nuclear reactor at Garona would incur in 2013 would “increase current economic losses to the point of sending Nuclenor into bankruptcy.”  The reactor pressure vessel was constructed in 1966, and the plant was brought online in 1971.

Nuclenor said in order to keep the plant online, it would need to invest around 120 million euros, while also facing higher taxes.

Source: Reuters

 

About author
Read More About , ,
Submit your comment

Please enter your name

Your name is required

Please enter a valid email address

An email address is required

Please enter your message

*

Enformable © 2014 All Rights Reserved

More in Events, Nuclear News
Rokkashos
Chairman of the Federation of Electric Power Companies in Japan wants new government to review zero nuclear power policy

On Monday, Makoto Yagi, chairman of the Federation of Electric Power Companies of Japan, demanded that the new LDP-led government review the nation’s zero nuclear dependence policy, arguing that the change of ruling...

Close