What could be expensive thing on this earth?

The thought of the most expensive object on Earth might bring up mental images of those some of famous skyscrapers and extravagant buildings in Dubai and those building touching the almost part of sky but unfortunately it all about power stands there because a new nuclear power plant in the U.K. is raising eyebrows of people, with some people calling it the most expensive single object on earth cannot imagined of that right .

So uk might be the country that is having both kohinoor and most expensive object on earth. So in short it has both precious and expensive too. Surprisingly the cost of the nuclear power plant would be lying around 35 billion dollar i.e 24 billion euros.

Interest is taken into account and many are questioning whether such an astronomical price tag, which is enough to fund a small forest of Burj Khalifas (the world’s tallest building, in Dubai) is worth it.

So why is Hinkley C so expensive?

“Nuclear power plants are the most complicated and important piece of equipment in this up to date world. Ofcourse it is dangerous but it is required importantly.

“Cost of nuclear power plants has tended to go up throughout history as accidents happen and we design measures to deal with the risk.”

So we can say that in order to prevent for future accidents we have to protect it with high cost material ,because if a nation is working on a thing that is this much of dangerous then it there solely responsible for the upcoming accidents. If iam not wrong the plant is insulted fully in order to protect from future accidents. So that’s why it is very highly priced so far.

Another, last nuclear power station built in the UK was the Sizewell B nuclear power station, which was completed in 1995 20th century and only cost £2.3bn ($3.4bn), or £4.1bn ($6bn) at today’s prices in the world. No nuclear power plants have been completed in Europe this century and those that have been built elsewhere, such as in China and India, cannot be relied upon for accurate costing. Because respective countries dont tent to provide information regarding to there security.

They are just building two reactors at Hinkley nuclear power station. Turkey in the world has a deal for building four reactors, South Africa is about to launch a tender for the building of six reactors. When they will get to around to a six-reactor order it’s going to cost three times as much as Hinkley, ofcourse no doubt about that.

As we are human being so we would be comparing right. So, how does it compare to other constructions

Hinkley Point C nuclear power station is expected to cost $35.8 billion (£24.5 billion) to construct hopefully the estimated cost is around 26 billion dollars. According to the European commission, and when completed in 2023, it will be providing 3.3 gigawatts of electric power — 7 percent of the U.K.’s total energy needs at present situation in the United Kingdom.

The plant will be builting by a French based Power Company so called EDF, and it will be the first nuclear power plant in the U.K. in 30 years past. But it’s significantly more costly than the previous one, Sizewell B, which was completed in 1995 at a cost of only $6 billion (£4.1 billion) at today’s price in the world international market.

To find some true of the competition in the sense that not comparing that much highly rated ,we need to look at elsewhere such as the Large Hadron Collider (LHC) at CERN, which is the largest machine in the whole world. The construction of the LHC was about $4.75 billion, although if we include the experiments and the annual costs of running CERN, then the total cost would be lying about $13.25 billion, just over a third of Hinkley Point nuclear power station.

If we are focusing on successful scientific structures, the two LIGO facilities that discovered gravitational waves in the earth, earlier this year it was costing about $620 million. You could build 57 of those with the same money that the Hinkley Point C power plant is going to cost obviously not joking.

But there are two constructions in that world that have been more costly to the human race in this world. The Gorgon liquefied natural gas project currently being builting in western Australia by Chevron is expected to cost $54 billion by the time it is finished. So that will be a global biggest and highest priced thing on the world.

And the most expensive single item present ever constructed is not on Earth at all, but orbiting over our heads in the space(solar system). The International Space Station (ISS) is estimated to have cost more than $115 billion. Although the price tag is high really high, the technologies developed for space end up being used on Earth, hence the interest from the many countries that footed the bill for ISS.(International space station).

So, Hinkley Point C perhaps isn’t quite the most expensive project ever, but it is pricey, leading to some controversy surrounding its construction. There are other factors to take into account in reality for a project this expensive. “It is worth clarifying that for the first time in the whole world for a nuclear power plant building with this price tag Hinkley Point C includes decommissioning and waste management costs.