SOURCE: Industrial Info Resources

Industrial Info Resources

November 29, 2011 04:30 ET

Swiss Nuclear Exit to Cost EUR 16.8 Billion, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - Nov 29, 2011) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- Switzerland is facing a higher-than-expected bill of almost EUR 17 billion to cover its withdrawal from the nuclear power sector. A study from the country's Federal Office of Energy (SFOE) has put the cost of decommissioning its five nuclear power stations at EUR 16.8 billion ($22.5 billion), 10% higher than the estimate made five years ago. The regular five-year study is used by the government to assess what levies it will charge nuclear plant operators to help meet the future costs of decommissioning nuclear plants and managing radioactive waste.

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