South Korea’s presidential office said in a press release that South Korean President Lee Myung-bak during a two-day state visit by Malaysian King Mizan Zainal Abidin discussed enhancing cooperation between the two countries in nuclear energy and other economic fields.
CleanTechies is fortunate to have some of the sharpest minds in the energy and clean tech industries as regular readers, but even if you don’t have a Ph.D., you should be able to answer this quick math quiz: “Which price tag is cheaper, $8 billion or free?”
Don’t hurt yourselves!
On Tuesday, President Obama officially announced $8 billion in government loan guarantees for construction of two new nuclear plants in Georgia, the country’s first expansion of nukes in more than 30 years.
A day later, the Vermont state legislature officially began deliberations on the question of relicensure of Entergy’s Vermont Yankee nuclear plant. While there are some transaction costs associated with keeping Vermont Yankee open past 2012, the cost is nowhere near $4 billion.
Given the commitment the president made to clean, domestic nuclear power just 24 hours earlier, you would expect the White House to jump right in on the question of relicensure in Vermont, right? Not so fast.