Add to that the high costs and long lead times for building a nuclear plant about $3 billion for a 1,000 megawatt plant, with planning, licensing and construction times of about 10 years and nuclear power is even less appealing.
Lead-time for the construction phase is also considerably shorter, resulting in significantly lower start-up costs.
Nuclear power plants cost a fantastic amount of money to set up, and the process of planning, permitting, and construction means that there is an extremely long lead time for new plants.
Length of lead time for the buyer.
The downside to all this is that no new generating plants have come on line in the last nine years - and, considering the long lead times needed for plant construction, it would take at least another 10 years to build a base-load plant, even if we began today.
Cemex trades at 7.2 times, versus 10 times for construction materials companies.
Moved to California 1963, in time for construction boom.
"All of our idle facilities are modern and well maintained, and can be made available to potential state and federal partners without much, if any capital investment or the lead-time required for new construction," CEO Damon Hininger said. .
What discourages new starts here are high cost, lead times of 12 or more years for clearance and construction, and concerns arising from disasters such as Chernobyl and near-disasters such as Three Mile Island.
Lead was a broadly used metal in ancient times, especially for construction purposes.
