Re:New nuclear plant at Sizewell set for green light
by credit_guy on Friday October 30, 2020 @08:48PM
(#24948167)
It's a 10 year project. 2 mil becomes 200k per year. Still a lot, but then it's not really a purely job project. If you send 10000 people 200k per year you will end up with the same hole in your pockets of 20 billion after 10 years, but with a nuclear power plant less. And 10000 people with zero work experience.
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Re:New nuclear plant at Sizewell set for green light
by renewiltord on Friday October 30, 2020 @08:58PM
(#24948224)
Chances are that 10 years from now you're still going to be money in the hole with no nuclear power plant. Both scenarios have no plant after 10 years.
Re:New nuclear plant at Sizewell set for green light
by Reason077 on Friday October 30, 2020 @09:05PM
(#24948253)
Sizewell C will be a "carbon copy" of Hinkley Point C, with construction equipment and personnel moving over to Sizewell as Hinkley is finished.
This should significantly reduce construction risk, as you have an experienced team who already understand how to build the thing.
Re:New nuclear plant at Sizewell set for green light
by adrianN on Saturday October 31, 2020 @02:40AM
(#24949574)
With 2 million in the bank you can easily retire to a low cost of living area. That's 50k for forty years.
Re:New nuclear plant at Sizewell set for green light
by GlennS on Saturday October 31, 2020 @04:54AM
(#24949953)
That's assuming no returns on investment. With £2 million you could spend £75,000 a year and reasonably expect to preserve your $2 million (and grow it by inflation) forever.
(Going with 3.75% rule instead of usual 4% rule so you have a safety margin.)