The economics of nuclear power and its implications for a developing country

This article cited studies made on comparisons of cost with nuclear and other energy sources. With this as basis, nuclear power presents itself, according to the author as a poor option for a developing country like the Philippines. Despite the claim of cheaper fuel costs of nuclear power plants, it cannot be expected to deliver cheaper energy than the equivalent oil-fired plant because of very high capital cost involved; the expected low capacity factor as well as the unknown cost of radioactive waste management, storage, and decommissioning. Looking at our country's indigenous energy sources like hydro, geothermal, coal solar and agricultural waste, we have enough to meet our present needs and the future if the above full capacities of this power source be tapped. (RTD)