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New Nuclear Power Reactor Rescued 2010-09-30

Posted by clype in Europe, Science.
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The European Union and six member states have reached a deal on the financing and timetable for an experimental nuclear fusion reactor.

An explosion in costs had cast a cloud over ‘The International Thermonuclear Experimental Reactor’ (The ITER).

  • The project, which is to be based in Cadarache in southern France, aims to harness the same physical process that fuels the Sun.

Additional construction funds will have to come from within the EU’s budget.

The extra 1400 million EUR will cover a shortfall in building costs in 2012-13.

Delegates agreed that the overall costs of the project will be almost US $21bn, (16 ooo million EUR/13 000 Million GBP), some three times the original price. (more…)