publication . Article . Other literature type . 2017

Cost overruns and financial risk in the construction of nuclear power reactors:A critical appraisal

Gilbert, Alexander; Sovacool, Benjamin K.; Johnstone, Phil; Stirling, Andy;
Open Access English
  • Published: 01 Mar 2017
Abstract
<p>Lovering and colleagues attempt to advance understanding of construction cost escalation risks inherent in building nuclear reactors and power plants, a laudable goal. Although we appreciate their focus on capital cost increases and overruns, we maintain in this critical appraisal that their study conceptualizes cost issues in a limiting way. Methodological choices in treating different cost categories by the authors mean that their conclusions are more narrowly applicable than they describe. We also argue that their study is factually incorrect in its criticism of the previous peer-reviewed literature. Earlier work, for instance, has compared historical cons...
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free text keywords: Atomic energy, Construction cost overrun, Nuclear energy, Nuclear power, Economics, Criticism, Critical appraisal, Actuarial science, Atomic energy, Nuclear power, business.industry, business, Capital cost, Financial risk, Energy source, Cost escalation
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