Wednesday, March 18, 2015

Chernobyl Containment Funding Talks Lined Up - WSJ

Notes: Ukraine is always needing money for something, though at least this time you can't blame it on Ukraine. 

 KIEV, Ukraine—The completion of a new enclosure for the radioactive remains of the Chernobyl nuclear power plant is in sight despite continued turmoil in Ukraine's east, as international institutions ready new funding.

 The European Bank for Reconstruction and Development and the European Commission plan to hold a Chernobyl donors' conference—possibly the last—in London on April 29, the institutions said late on Monday. They are seeking to fill a funding gap of €615 million ($652 million) to fully enclose the site with a new structure by late 2017, 31 years after the world's worst nuclear accident in terms of radiation released into the atmosphere.

 The budget for the New Safe Confinement, an arched steel enclosure over 100 meters (yards) in height that will cover the ill-fated reactor unit for at least 100 years, has risen due to design modifications and changes to the scope of the project.

 The price tag for the containment structure alone is €1.5 billion ($1.6 billion), said Vince Novak, director of the EBRD's nuclear safety department. That is part of the €2.15 billion grand total for the Chernobyl shelter implementation plan, which also includes the existing concrete sarcophagus built swiftly after the 1986 disaster.

Complete story at - Chernobyl Containment Funding Talks Lined Up - WSJ

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