4. Plant life and renewal
Most of the water-fired power plants built around the world over the last three decades have been designed for a service life of 40 years. The actual lifespan will depend on many factors, including technical, regulatory and economic factors:
technical, as some components are very difficult to replace;
This is because safety requirements increase over time, and the safety authority may consider that there is too great a gap between the safety baseline (i.e. the set of safety rules complied with by the facility) of the existing facility and the requirements for a new facility;
economic, insofar as maintenance or safety upgrading costs become too high, but also if electricity sales conditions do not allow for sufficient profitability.
For example,...
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Plant life and renewal