Current Events — HabitableZone

Current Events

The Russian nuclear threat

Not delivered by missiles, but by the $$... competition is good!

Russians generally make sturdy, efficient reactors — as shown by the European Union's acceptance as safe 14 Soviet-made pressurized-water reactors currently operating in the EU accession countries of Czech Republic, Hungary, and Slovakia. What the post-Soviet Russian nuclear-power industry really lacks is sophisticated financial management.
That's about to change.


Other target export markets are China and India, where demand for electricity is growing fast. "I'm not sure it [nuclear plant construction] can be done a lot cheaper," says John G. Rice, president and chief executive of GE Power Systems. But "we certainly appreciate the Russian technology, and we welcome the new competition." The Russians are coming.


MSNBC

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