Nuclear energy is a cheaper option

“Let’s be very careful with these figures, because it’s true only partly. If you combine all elements needed to establish connection with a grid in case of renewable resources of energy, you need to pay additionally for some back up facilities,” Russian state-run atomic energy corporation Rosatom’s First Deputy CEO Kirill Komarov said. 

“In the end you will see that nuclear is still at least twice as cheaper than wind and minimum thrice as cheaper than solar,” he said. Rosatom are the equipment suppliers and builders of the Kudankulam Nuclear Power Project in Tamil Nadu. 

Confirming that Rosatom has also begun investing in wind technology, Komarov said he was, therefore, qualified to assert that nuclear power provides a cheaper alternative. “I see that investments in nuclear are paying more dividends because it is still cheaper,” he said. 

“What you have today is a level of modern nuclear technology. It is safe, reliable and can work minimum of 60 years from the date of commissioning. It can be a very significant part of the energy balance of every country,” he added.