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The Bataan Nuclear Power Plant (BNPP) is a nuclear power plant on the Bataan Peninsula, 100 kilometers (62 mi) west of Manila, Philippines. Completed but never fueled, it is located on a 3.57 km 2 (1.38 sq mi) government reservation at Napot Point in Barangay Nagbalayong, Morong, Bataan. It was the Philippines' only attempt at building a ...
Under a regime of martial law, President Ferdinand Marcos in July 1973 announced the decision to build a nuclear power plant. This was in response to the 1973 oil crisis, as the Middle East oil embargo had put a heavy strain on the Philippine economy, and Marcos believed nuclear power to be the solution to meeting the country's energy demands and decreasing dependence on imported oil.
In 2019 the US EIA revised the levelized cost of electricity from new advanced nuclear power plants going online in 2023 to be $0.0775/kWh before government subsidies, using a regulated industry 4.3% cost of capital (WACC - pre-tax 6.6%) over a 30-year cost recovery period. [80]
More: Plant Vogtle Unit 4 connects to electric grid for the first time, says Georgia Power The expansion project to add Units 3 and 4 was first authorized in 2009 and has been hit with multiple ...
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The Public Service Commission voted late last year to let Georgia Power pass on to customers almost $7.6 billion of the project’s costs, which caused an increase in the average monthly ...
The Georgia Power CEO said the loan guarantees played a key role in reducing financing costs for the build. [56] Also in March 2019, Georgia Power confirmed that the Unit 3 containment cap had been lowered into place and the reactor would be ready to load nuclear fuel in 2020. [57]
Georgia Power’s 2.7 million customers are already paying part of the financing cost and state regulators have approved a monthly rate increase of at least $3.78 a month as soon as the third unit ...