Belgium has dropped nuclear phaseout plans adopted over two decades ago. Previously, it had delayed the phaseout for 10 years over the energy uncertainty triggered by Russia’s invasion of Ukraine.
Belgium’s parliament on Thursday voted to drop the country’s planned nuclear phaseout.
In 2003, Belgium passed a law for the gradual phaseout of nuclear energy. The law stipulated that nuclear power plants were to be closed by 2025 at the latest, while prohibiting the construction of new reactors.
In 2022, Belgium delayed the phaseout by 10 years, with plans to run one reactor in each of its two plants as a backup due to energy uncertainty triggered by Russia’s war in Ukraine.
TBF work was done to keep it sound until 2025 and it was possible to extend the operational life further (basically you can just keep throwing hundreds of millions at them every 10 years for a long time to come).
What’s fucked up is that in the last few years a bunch of maintenance wasn’t done because the government said “no for real though super pinky promise we’re not extending the contract again they will definitely be shut down in 2025 it’s the law”.
So now Electrabel/Engie is rightfully super pissed because this flip-flopping is going to cost us billions just to keep the existing reactors running. And they have zero guarantee the greens won’t come back into a government coalition in 2029 and fuck the schedule up again.
Ye but the efficiency and safety of a new reaction could save us millions a year. We need those new reactors to replace the current ones. Asap.
Engie is indeed right to complain, but should build new reactors, and they shouldve done it 10 years ago
With what money? NPPs only get built on public funds, private equity cannot make the economics viable due to the multi-decade amortization. It’s fine on public debt but breaks down if you have to pay shareholders for billions of euros of loans over 20 years which amounts to so much money the cost is uncompetitive with fossil fuels + renewables. Private equity has been trying to make private nuclear power for 20 years now, mostly with SMRs, with little success and nothing to show for it up to now.
If Belgium ever builds a new NPP, it will be because the government voted on a multi-decade funding plan, which is not guaranteed to happen when the left wants no nuclear and the right wants fiscal austerity. Until then there’s nothing that Engie can do but wait.