Shutting down coal plants: An industry worth $5.3 billion

Revenue worldwide from coal plant decommissioning services will total $5.3 billion from 2013 to 2020, according to a report from Navigant Research.

Environmental remediation will be the most expensive part of many decommissioning projects, in particular, the disposal of coal ash, according to the report, “Coal Plant Decommissioning.” However, the value of scrap metal from the plant on the open market will, in some cases, fully offset the cost of demolition.

“Utilities and other plant owners face a series of complex decisions in retiring aging coal plants,” said Richard Martin, editorial director with Navigant Research. “Developing a strategic plan, in consultation with a company that has experience in these major plant decommissioning projects, will be a critical element of the process of retiring these facilities and remediating the associated environmental issues.”

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