Re:The Olkiluoto 3 EPR plant unit started up
by crote on Tuesday December 21, 2021 @04:51AM
(#29635740)
That's comparing apples to oranges.
In reality, a significant fraction of the cost comes from interest. Sure, the 1-month LIBOR rates may be 0.1% nowadays, but construction started in 2005. The 10-year treasury rate in 2005 was closer to 5%. Nobody would be willing to lend money for the construction of a plant like this for anything less.
Re:The Olkiluoto 3 EPR plant unit started up
by fuoqi on Tuesday December 21, 2021 @04:55AM
(#29635754)
This is why I wrote that realistically it will be closer to 15-20 years. There are other factors which are not considered in my simplistic calculation.
In reality, a significant fraction of the cost comes from interest. Sure, the 1-month LIBOR rates may be 0.1% nowadays, but construction started in 2005. The 10-year treasury rate in 2005 was closer to 5%. Nobody would be willing to lend money for the construction of a plant like this for anything less.