A Comparison of the Capital Costs of Light Water Reactor and Liquid Metal Fast Breeder Reactor Powerplants: Prepared for the Arms Control and Disarmament Agency
One input into an overall study designed to estimate the relative costs of generating electricity by light water reactors (LWR) and liquid metal fast breeder reactors (LMFBR). The present study began with an analysis of cost estimates from three firms experienced in the field. With these data, the authors estimated a "current" cost for a mature LMFBR. Next, two scenarios were postulated for the deployment of nuclear power during the next 40 years. In one, the social and political environment vigorously encourages nuclear power; in the other, nuclear deployment is held to a modest level by continued social and political concerns about current and future perceived hazards. The scenarios illustrate the major uncertainties and costs. Results are given as sets of capital costs and LMFBR/LWR cost ratios representative of each scenario.
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ESTIMATES OF LWR COSTS
LMFBR COST SCENARIOS AND COST RATIOS
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adjustments architect engineer assumption Auxiliary Balance-of-Plant capacity factors CAPITAL COST DATA capital cost estimates capital cost ratios commercial LMFBR compared construction permit contingency coolant Cooling Tower cost elements COST SCENARIOS CPIS Decay Heat deployment differences direct plus indirect dollars excluding IDC fast breeder reactor fifth of kind Fifth-of-a-Kind Fuel Handling included indirect costs initial Interest during construction intermediate heat light water reactor liquid metal fast LMFBR CAPITAL COST LMFBR concepts LMFBR cost estimate LMFBR designs LMFBR estimate LMFBR plants LMFBR reaches commercial LMFBR/LWR cost ratio LWR Add LWR and LMFBR LWR capital costs LWR cost estimates LWR plant metal fast breeder Mw(e NSSS nuclear power number of plants piping plant cost plant designs Rand Corporation reached commercial operation Reactor Plant Equipment reactor vessel regression analysis regulatory result schedule shown in Fig SIDNEY SIEGEL Snubbers temporal cost changes temporal cost increases TS'T Turbine Plant Equipment Westinghouse