Nuclear power programmes in developing countries: Promotion and financing

International Nuclear Information System (INIS)

Bennett, L.L.

1987-01-01

In 1986 the Agency's Director General established a Senior Expert Group on Mechanisms to Assist Developing Countries in the Promotion and Planning of Nuclear Power Programmes. This group, which was comprised of 20 experts with extensive experience in the topics to be studied, coming from 15 Member States plus the World Bank, was asked to: identify and analyse the problems of and constraints on nuclear power introduction/expansion in developing countries, with particular attention being paid to the problems of financing nuclear power projects; study mechanisms for dealing with the identified problems and constraints in order to assist developing countries with the promotion and financing of their nuclear power programmes and to determine the role of the IAEA in this context. This paper summarizes the Senior Expert Group's study

Financing strategy for Indonesian Nuclear Power Project

International Nuclear Information System (INIS)

Subki, I.M.; Arbie, B.; Adiwardojo; Seotrisnanto, A.Y.

1998-01-01

In anticipation of the introduction in the early 2000s of a nuclear power plant, the Government of Indonesia (GOI), through the National Atomic Energy Agency (BATAN) , has formulated a Bid Invitation Specification (BIS) in parallel with the completion of the NPP Feasibility Study. This BIS formulation assumed an open international tender for the first unit of the NPP with project financing as a conventional loan. The GOI's recent policy is to minimize government financial support for power development. This paper summarizes a financing strategy for the Indonesian NPP project to make the NPP economically viable, and provides a general discussion on project financing using a conventional approach, Build--Own-Operate (BOO) and a counter-purchase approach. Innovative approaches for financing are still being pursued in order to obtain an optimum solution for investors and owners, to fulfill the Indonesian government's requirements. (author)

Issues to improve the prospects of financing nuclear power plants

International Nuclear Information System (INIS)

2009-01-01

A changing global environment with increasing energy consumption and a need for international energy security is influencing nuclear power projects and the means of obtaining financial backing for such projects. The development of a national nuclear infrastructure can provide significant benefits that influence financial resources. The effects of other factors - such as financing arrangements for capital intensive plants, international design acceptance, harmonization of codes and standards, and assurances of fuel cycle services - need to be considered. An improvement in international cooperation may lower investment risks and contribute to reducing costs. The effects of all these issues need to be assessed and means for supporting the application of nuclear power in the current changing social and commercial environment need to be developed. A key question addressed in this publication is whether financing is the real barrier to nuclear power development or if financing difficulties are simply a consequence of other barriers. It recognizes that there is no single solution and that circumstances in different countries, with different starting points, ambitions and drivers, inevitably affect the balance of approaches followed. The importance of credible, practical, costed and substantiated plans is emphasized. Risks have to be mitigated through an effective strategy and the allocation of risks between parties must be logical. A project has to be demonstrably viable to attract financing. There are three broad areas which must be addressed to improve prospects of investment in nuclear power reactor construction. The first area, and probably the most important, is government and utility commitment and preparedness to adopt and implement a nuclear power programme using internationally recognized standards of safety. The second area is the application of lessons learned from technological and project developments. The third area is financing itself. The conclusions

Financing a nuclear programme

International Nuclear Information System (INIS)

Cameron, R.

2010-10-01

Nuclear power plant construction projects have many characteristics in common with other types of large infrastructure investment, both within the power generation sector and elsewhere. However, nuclear power itself has special features that can make nuclear financing particularly challenging. These features include the high capital cost, the relatively long period required to recoup investments, the often controversial nature of nuclear projects. The need for clear solutions and financing schemes for radioactive waste management and decommissioning and the need for nuclear power plants to operate at high capacity factors, preferably under base load conditions. During the previous major expansion of nuclear power in the 1970 and 1980, many nuclear projects suffered very large construction delays and cost overruns. The legacy of such problems increases the risks perceived by potential investors. A recent study undertaken jointly by the Iea and the Nea showed that the competitiveness of nuclear power strongly depends on the cost of financing due to the high share of fixed capital costs in the total lifetime costs of nuclear power. A key issue in this context is the long-term predictability of carbon pricing arrangements, which, for the time being and despite positive evolutions in this respect, most notably in Europe, does not yet exist. This paper will consider how the risks can be mitigated and examine in detail various models for corporate finance and the role of government assistance in providing a suitable financial basis. (Author)

Financing of nuclear projects

International Nuclear Information System (INIS)

Diel, R.

1983-01-01

Delays in the completion of nuclear power plants aggravate the financing of such ventures because the contractual sums to be paid for interest and amortization are not generated. Moreover, economic feasibility analyses by the banks are rendered ineffective by changes in the underlying data, such as the structure of electricity rates and the supply monopoly held by utilities. The German nuclear power plants at present in operation or under construction were financed mainly through subsidiares of the participating utilities outside the balance sheets of the parent companies. The banks have developed a number of financing concepts to adapt funding to the specific needs of practice. Future nuclear power plants make-up one third of the present capacity of the participating utilities. However, they will require three to four times the previous volume of capital investments. Yet it is certain that the expansion of nuclear power in the Federal Republic of Germany will not be hampered by financial problems. The funding models developed for nuclear power plants have already proved their qualities. However, the problems of nuclear power have not become less. Attention must also be drawn to some weak spots in the financial sector. (orig.) [de

Summary of a reference book on financing arrangements for nuclear power projects in developing countries

International Nuclear Information System (INIS)

1993-05-01

The IAEA has recently published a reference book entitled Financing Arrangements for Nuclear Power Projects in Developing Countries (Technical Reports Series No. 353). The book reviews comprehensively the main features and problems concerning the financing of such projects in developing countries and presents innovative approaches for power generation financing. It also discusses the special conditions and requirements of nuclear power projects and the complexities of their financing, focusing on the practical issues to be dealt with to achieve successful financing, as well as the constraints encountered by most developing countries. This booklet summarizes the important features of the financing arrangements discussed in the reference book and was prepared with the aim of widely disseminating the results

Financing the nuclear fuel cycle

International Nuclear Information System (INIS)

Stephany, M.

1975-01-01

While conventional power stations usually have fossil fuel reserves for only a few weeks, nuclear power stations, because of the relatively long time required for uranium processing from ore extraction to the delivery of the fuel elements and their prolonged in-pile time, require fuel reserves for a period of several years. Although the specific fuel costs of nuclear power stations are much lower than those of conventional power stations, this results in consistently higher financial requirements. But the problems involved in financing the nuclear fuel do not only include the aspect of financing the requirements of reactor operators, but also of financing the facilities of the nuclear fuel cycle. As far as the fuel supply is concerned, the true financial requirements greatly exceed the mere purchasing costs because the costs of financing are rather high as a consequence of the long lead times. (orig./UA) [de

Export financing of nuclear power plants - banks experience

International Nuclear Information System (INIS)

Loeber

1976-01-01

Export financing of a nuclear power plant to be exported from Germany, is, in principle, provided by German commercial banks and KfW (Kreditanstalt fuer Wiederaufbau). As a rule, 50 per cent of the financing of maturities falling due under the export portion of the loan will be taken over by a banking syndicate of approximately 25 member banks, and the remaining 50 per cent would be provided by KfW. KfW and the commercial banks must grant their loans at the respective money market conditions. The banks' and KfW's loans will normally be disbursed pro rata delivery. (HP) [de

Financing arrangements for nuclear power projects - Past and present experience, future expectations

International Nuclear Information System (INIS)

Troncuta, Mariana; Vatamanu, Maria; Ispas, Gheorghe

2003-01-01

Nuclear energy is a clean, safe, and economical industrial electricity source, with many environmental benefits. It does not emit greenhouse gases that contribute to climate change, or combustion by-products and acid gases that cause air, water resource and land pollution. Nuclear energy has also many benefits in the areas of medicine, industry, agriculture, and research. Moreover, the results are revealing. Over the past 12 years, from 1900 to 2002, the global 'energy availability factor' - representing the percentage of time that nuclear power plants worldwide were up and running - increased from 72.9% to 83.4%. At the same time, based on statistics gathered by the World Association of Nuclear Operators - WANO, the number of industrial accidents has gone down, radiation exposure has dropped sharply and the annual volume of radioactive waste produced has been reduced substantially. In other words, the safety, performance and economic competitiveness of the nuclear industry are at an all time high, reflecting a mature and vibrant enterprise. These are several reasons why a prospective host nation and other nations around the world may be attracted by nuclear power generation. Nuclear power can be and has been financed by world capital markets. The crucial question is whether host governments and interested utilities are willing to take the steps required to attract investment with reasonable assurance of success, and whether the nuclear industry is willing and able to become competitive in increasingly deregulated financial and electricity markets. The present paper will have the following structure: the first part will refer to general financing guidelines, and the second part will present a case study. The latter will treat the past experience as provided by the financing scheme of Cernavoda NPP Unit 1, the present experience, i.e. ongoing financing issues for Cernavoda NPP Unit 2 and potential future shared contribution to financing Cernavoda NPP Unit 3, 4 and 5

Soundness of Krsko Nuclear Power Plant Performance in Terms of Energy and Finance

International Nuclear Information System (INIS)

Curkovic, A.; Vrankic, K.; Magdic, M.

1998-01-01

Compared to existing conventional thermal power plants in Croatian electric power system, as well as to alternative (potential) imported coal and gas fired thermal power plants, Krsko NPP (nuclear power plant) generates electricity with lower production costs. This cost margin in favour of the Krsko NPP represents the soundness of this nuclear power plant in terms of energy and finance. (author)

Finance structure and public enlightenment program of the first Turkish nuclear power plant project (a case study)

International Nuclear Information System (INIS)

Lutfi Sarici, E.

2000-01-01

This paper deals with four closely related subjects. These are: the positioning of nuclear energy in Turkey's energy planning by presenting supply and demand figures of electricity, giving emphasis to resource availability, pointing out the necessity of diversification of resources; the ongoing situation for realization of the Akkuyu Project with its updated milestones, alternative offers requested for the Akkuyu Nuclear Power Plant and member companies of the consortiums who already have submitted the three bids; the financing of big-scale energy investment projects in developing countries by giving special emphasis to the Akkuyu Nuclear Power Plant Project including the financing requirements in the Bid Specifications, OECD rules for financing, the requirements of financial agents, and financing means of domestic participation; public enlightenment during establishment of nuclear power in Turkey. (author)

Evaluating The Financial Consequences of Different Financing Structure for Nuclear Power Project under Malaysian Market

International Nuclear Information System (INIS)

Muhammed Zulfakar Zolkaffly; Faisal Izwan Abdul Rashid; Siti Syarina Mat Sali; Fairuz Suzana Mohd Chachuli; Mohd Azmi Sidid Omar

2016-01-01

Full text: In 2010, Malaysia through the Economic Transformation Programme (ETP) has initiated an effort to explore nuclear energy as an option for electricity generation post-2020 in order to meet country's growing energy demand and diversify its energy mix. To date, Malaysia is focusing its efforts on the preparatory activities, pending to make decision to embark on nuclear power project. The development of nuclear power plants is a major undertaking for any country which that requires huge financial implications and commitments. On this note, this paper aims at evaluating the financial consequences of different financing structure for nuclear power project under Malaysian market condition, based on two key financial indicators, namely, Net Present Value (NPV) and Internal Rate of Return (IRR). The computer model FINPLAN developed by the IAEA was used to perform this study. The result shows that different financing structure significantly affect the sensitivity of NPV and IRR, that may be of interest to the investors in exploring viable financing structure for nuclear power project development. (author)

Economics and financing of future power: Is there a case for nuclear?

International Nuclear Information System (INIS)

Skinner, R.G.

1993-01-01

The International Energy Agency forecasts world energy demand to increase nearly 50% by 2010, with the developing world consuming over half of global energy output by that time. Of the growth in energy demand, 42% will be for electricity, with fossil-fuel based capacity expected to take up most of this growth. Against this view of a global energy future, the factors that will influence the economics of nuclear energy and the ability to finance it are examined. The context of financing in the power sector is described, noting the increasing emphasis on competition and efficiency within the energy sector and the move toward privatization. For the financing of new nuclear power facilities by investors, the most important influencing factors are the need to achieve progress with a high-level waste repository, a predictable licensing process and stable regulation, and maintaining and improving the high safety and reliability performance of operating plants. Favorable economics is only part of what is required for making nuclear commercially viable; other conditions include public acceptance, strong institutional support, high rate of growth of base-load electricity demand, and lack of more satisfactory alternatives. Since public perception may hinge on future nuclear performance in eastern Europe, the power sector in that region is briefly reviewed. Finally, reference is made to some of the principal issues that might bear on the role of nuclear power into the 21st century, in particular its relation to environmental policy and the role of natural gas in electricity production. 9 refs. 1 tab

Financing of nuclear power plants in developing countries

International Nuclear Information System (INIS)

Krymm, R.

1976-01-01

An estimation of the developing countries' nuclear energy demand until the year 2000 and the corresponding investment costs is followed by a survey of the main parameters of financing. The influence of financing on the competitive position of nuclear energy is pointed out. In the annex formulas for evaluating the modes of financing are developed. (UA) [de

Financing arrangements for nuclear power projects - past and present experience and future expectations

International Nuclear Information System (INIS)

Ispas, G.

2004-01-01

The intent of the author of the present paper is to demonstrate, in a practical manner, the role of the past experience and the new approaches of the nuclear projects financing, especially as nuclear generation financing in developing countries involves complex issues that need to be fully understood and dealt with by all the parties involved, namely: high investment costs, generally long construction periods, a high degree of uncertainty with respect to costs and schedule and to public acceptance, particularly because of safety, waste disposal and non-proliferation issues. Moreover, as many associations whose activities consist of ensuring and facilitating at different levels the exchange of knowledge between generations, i.e.: European Nuclear Society (ENS) Young Generation, North American Young Generation in Nuclear (NA-YGN), the goal of the paper is also to outline the importance of the education in nuclear field, i.e. training a young team of specialists to be ready to take over the movement and responsibility in continuing the further development of nuclear program in Romania, mainly with view to the Financing Arrangements for Nuclear Power Projects. The first part of the paper is referring to general financing procedures, while the second part is focusing on a case study related to the: past experience the financing scheme of Cernavoda NPP Unit 1, present or actual experience ongoing financing issues for Cernavoda NPP Unit 2 and potential future shared contribution to the financing of the next Cernavoda NPP units.(author)

Financing for nuclear power in developing countries: Case study of China

International Nuclear Information System (INIS)

He Jiachen; Shen Wenquan; Zhang Luqing

2000-01-01

This paper describes the Chinese experience in financing the construction of its nuclear power plants. The key issue was utilization of a specific combination of export credit and commercial loans on both the international and domestic financial market. (author)

Nuclear and finance: the power of lobbies against democracy

International Nuclear Information System (INIS)

Balvet, Jacqueline; Petitjean, Olivier; Plihon, Dominique; Knaebel, Rachel; Gouin, Simon

2017-10-01

This article proposes an analysis of relationships between the finance and nuclear sectors which are two key actors of the French capitalism, and display a deep intertwining of public and private interests within networks present within many institutions. Similarities between these two sectors are first discussed, notably their important economic and political weight, the fact that they are both in a situation of permanent crisis and supported by the State, and both display high risks. An overview of actors is then proposed: the four main French banks, EDF and Engie. Their managers build up an actual techno-structure: they are coming from the same schools, may pass from one sector to the other, know each other well. The article states that this prevailing position of this finance and nuclear elite results in a prevailing ideology to be imposed to the society. An overview of their possible strategies of influence is proposed: standardised speech, ubiquity, and so on. The authors then address and discuss possibilities to struggle against this power: to denounce and to resist, to try to introduce regulations which would give room to the general interest in the nuclear and banking sectors

Complications in financing new nuclear power plants

International Nuclear Information System (INIS)

Rubow, L.; Bataklieva, L.

2011-01-01

Historical Financing Approach; Recent Financing Complexities; Typical NPP Project Structure; Project Funding; Technical Developments; Financing Drivers; Conflicting Goals; Different Motivation/ Values: Public vs. Private and other financial aspects are discussed. Some suggestions for consideration are given, such as: Stronger involvement of Government. Stronger involvement of off takers as investors: – Large industrial entities – Utilities/ Distribution companies – Smaller, aggregated industrial entities. Return to corporate finance model (e.g. balance sheet based on existing operating assets), More creative BOO(T) structures, EPCM project execution structures; Better communication with outside stake holders, i.e., why nuclear is best option

Financing the electric power utilities, especially the nuclear power in Japan

International Nuclear Information System (INIS)

Tajima, T.

1975-04-01

Electric power demands in Japan have shown a remarkable growth at an annual rate of 12% since 1965. Nine electric power companies have invested large amounts of money so far, amounting to over 1 trillion yen every year since 1972. A survey of the electric power supply system and an estimation of the electric power demands in 1980 and in 1985 are given. It is expected that the main portion of electric power in the future will gradually be generated by nuclear plants. Financial features of the electrical power utilities, the credit risk of the electric power utilities, and the raising of funds by electric power utilities are discussed. It is concluded that it will be necessary (1) to expand the capital market, (2) to enable the electric power companies to issue a sufficient amount of bonds, (3) to make the Government financing institutions, such as the Japan Development Bank, provide the electric power companies with larger funds on a long-term and low-interest rate basis, and (4) even to take such drastic steps as subsidizing interest on private loans to the electric power companies. (B.P.)

The problems of financing a nuclear programme in developing countries

International Nuclear Information System (INIS)

Fiancette, G.; Penz, P.

2000-01-01

In the free market and deregulation framework financing of nuclear power in developing countries requires solutions different from those applied in the seventies and eighties. The paper presents the financial specificity of nuclear power, project finance concept and the market risk. (author)

Financing strategies for nuclear power plant decommissioning. Report for July 1979-July 1980

International Nuclear Information System (INIS)

1980-07-01

The report analyzes several alternatives for financing the decommissioning of nuclear power plants from the point of view of assurance, cost, equity, and other criteria. Sensitivity analyses are performed on several important variables and possible impacts on representative companies' rates are discussed and illustrated

Economics and financing of future power: Is there a case for nuclear?

International Nuclear Information System (INIS)

Skinner, R.G.

1993-01-01

The most recent projections by the International Energy Agency of world energy demand and supply to 2010, points to a nearly 50% increase in world energy demand and regions outside of the western world will consume the greatest share. The projected growth rate from electricity is expected to be fulfilled mostly by natural gas. Examined in this paper are the factors that influence the economics of nuclear energy and the ability to finance it. Public perception may hinge on future nuclear performance in the former Soviet Union and in Eastern and Central Europe, the IEA's recent work with the World Bank and European Bank of Reconstruction and Development (EBRD) on the power sector of that region is briefly discussed. Finally, brief reference is made to some of the principal issues that might bear on the role of nuclear power in the twenty first century, in particular its relation to environmental policy and the role of natural gas in electricity production. 9 refs., 1 tab

Funding nuclear power research 1956 to 2010. Startup finance or subsidy?

International Nuclear Information System (INIS)

Weis, Michael; Bevern, Katrin van; Linnemann, Thomas

2011-01-01

meant to be startup financing. Indeed, this approach has served its purpose convincingly in those instances where the individual technologies were able to develop. So there can be no doubt about the economic benefit of the development of nuclear power. This finding is not changed in any way by nuclear development lines, such as the fast breeder or high-temperature reactor, which ultimately fell victim to political decisions, nor by the opt-out of the use of nuclear power within 11 years as decided by the federal parliament in 2011 which now, soon after the opt-out of the opt-out in the autumn of 2011, is being executed irrespective of the interests of neighboring European countries. (orig.)

Government experience in nuclear power plant export financing

International Nuclear Information System (INIS)

Kalbitz, K.

1976-01-01

Because the long-term funds at the disposal of the commercial banks were insufficient to make available the amounts required for the exportation of nuclear power plants, it was necessary to make available long-term funds of the mortgage banks. On account of the strict regulations governing the lending operations of such banks, it was, however, necessary to introduce a Federal guarantee which covers 100% of the contract value in each case. On balance, however, the Federal Government does not take over any additional risks, because recourse may be taken to the commercial banks, which are liable for all additional payments under the credit arrangement having arisen from the improvement of the guarantee in favour of the mortgage banks. This has resulted in a considerable improvement of the export financing system which, of course, is for benefit of other major export projects too. (HP) [de

Financing aspects of nuclear power programs. Key issue paper no. 2

International Nuclear Information System (INIS)

Besant-Jones, J.; Glendenning, I.

2000-01-01

This paper considers the standards applied to investment appraisal by financiers. It looks at the spectrum of costs, benefits and risks, which the project sponsors must meet to satisfy prospective financiers. Most considerations are standard to most types of investment project, particularly in a country where the technology is new. These standards apply where external financing is sought. Clearly, governments investing in nuclear power with public funds may choose to do so for other than competitive economic reasons, although ultimately efficient investment requires that they apply similar criteria in allocating available resources among the many demands on the public fisc. (author)

Delays help German utilities maintain self-financing ratios. [Financing nuclear power projects

Energy Technology Data Exchange (ETDEWEB)

Radtke, G [Dresden Bank, AG (Germany, F.R.)

1979-05-01

Estimates of electricity consumption have been substantially reduced and nuclear plant is now expected to be 22% of total generating capacity in 1985 instead of the earlier forecast of 36%. The decline in the ordering of new plant has benefited the financial position of the electricity utilities and the expected fall in self-financing ratios has not occurred.

Power generation: country risk and other financing issues

International Nuclear Information System (INIS)

Cassou, M.

2000-01-01

Larger banks are very familiar with power generation financing. However, financing nuclear power plants remains a very peculiar field where nothing is possible without an agreement between the country of the buyer (sovereign guarantee) and the country of the supplier (intervention of the Export Credit Agency). The banks involved in such financing will commit themselves for a very long period of time which will exceed the financial markets' standard capabilities. Therefore it is only the intervention of the Export Credit Agencies which will allow the implementation of the required financing. It is, in fact, impossible to by-pass the country risks for these operations. Who, in 1986, during the signing ceremony of the Daya Bay contract, in the Great Hall of the People in Beijing, would have imagined that, three years later, the tanks would be rolling in on the adjacent Tien An Men Square, to confront the students and that one of the consequences would be the re-scheduling of the credits granted to Bank of China? Nobody. The Power Generation, above all the nuclear one, is a long term process and, as ever, all the parameters are not known from the very beginning. This situation provides an ideal setting for a good combination of joys and shudders. (author)

Analysis of an option to finance the investment in a nuclear power plant

International Nuclear Information System (INIS)

Villanueva M, C.

2011-11-01

According to the recent projection of costs of electric generation published by the International Atomic Energy Agency, with a rate of discount of 10% annual the even unitary cost of a nuclear power station of 1,400 MW of capacity would be 98. 75 USD 2010 /MWh, while for a combined cycle of same capacity that burns natural gas the cost it would be 92. 11 USD 2010 /MWh, operating the power stations with a capacity factor of 85% to generate 10,424 annual G Wh. To 5% annual, the costs would decrease at 58. 53 USD 2010 /MWh for the nuclear energy and at 85. 77 USD 2010 /MWh for the combined cycle. In an indifference analysis of the price of natural gas against the investment cost in the nuclear, with a rate of discount of 10% annual the common cost would be 97. 31 USD 2010 /MWh, when the even price of the natural gas was 10. 50 USD 2010 /G J and simultaneously the unitary cost of investment of the nuclear was 4,023 USD 2010 /kw. Under similar conditions, if the investment in the nuclear power station was 4,163 USD 2010 /Kw to redeem it in 60 years of economic useful life the equivalent annuity would be of USD 2010 790.060 millions that would have the same value of the annual invoice of the natural gas consumed by the combined cycle power station to the price of 12. 00 USD 2010 /G J. Then, as example of an excellent option of the Federal Commission of Electricity to finance with own resources budget them a new nuclear power station, the investment could redeem annually with the savings that it would represent to stop to burn natural gas when displacing the equivalent generation in central of combined cycle. (Author)

Appraisal and financing of electric power projects

International Nuclear Information System (INIS)

Sheehan, R.H.

1975-01-01

This paper starts with the origin, nature and functions of the World Bank Group, reviews the past lending, describes the criteria used by the Bank in its power project appraisals, discusses the Bank's views on nuclear power, and concludes with a look at the probable future sources of financing of electrical expansion in the less developed countries. (orig./UA) [de

Nuclear power programmes in developing countries

International Nuclear Information System (INIS)

Anon.

1988-01-01

The paper on ''Nuclear power programmes in developing countries'' is a report to the IAEA by a Senior Expert Group. A description is given of the requirements for a successful nuclear power programme, including the constraints that developing countries might face in the introduction and execution of the programme. The group attempted to identify the main issues affecting the financing of nuclear power projects and suggested specific actions that could be undertaken in order to reduce economic and financial risks. The various issues were discussed under the topic headings:-programme-project-related factors, investment climate, financing plan, export credits and creditworthiness. (U.K.)

Nuclear power development

International Nuclear Information System (INIS)

Nealey, S.

1990-01-01

The objective of this study is to examine factors and prospects for a resumption in growth of nuclear power in the United States over the next decade. The focus of analysis on the likelihood that current efforts in the United States to develop improved and safer nuclear power reactors will provide a sound technical basis for improved acceptance of nuclear power, and contribute to a social/political climate more conducive to a resumption of nuclear power growth. The acceptability of nuclear power and advanced reactors to five social/political sectors in the U.S. is examined. Three sectors highly relevant to the prospects for a restart of nuclear power plant construction are the financial sector involved in financing nuclear power plant construction, the federal nuclear regulatory sector, and the national political sector. For this analysis, the general public are divided into two groups: those who are knowledgeable about and involved in nuclear power issues, the involved public, and the much larger body of the general public that is relatively uninvolved in the controversy over nuclear power

New nuclear projects: structure, supply chain and financing

International Nuclear Information System (INIS)

Keppler, J.H.; Cometto, M.

2015-01-01

In 2015 there were 68 reactors being constructed throughout the world and 159 projects were planned. The projects for the construction of nuclear reactors face challenging issues like financing and management. The NEA (Nuclear Energy Agency) has analysed the feedback experience on a sample of reactor projects and of reactors recently commissioned in order to draw lessons on 3 issues: financing, long-term electricity price, and project management including the supply chain. It is already known that technologies requiring high initial capital like nuclear power or renewable energies, are very sensitive to the long-term price of electricity. The study shows that for a debt ratio below 60%, the risk for the investor is low even if the long-term electricity price drops by 30 %. Because of the complexity of the construction of a nuclear power plant there are mainly 3 types of project management: the turnkey project, the split package approach (a relatively low number of suppliers) and the multi-contract approach. The turnkey approach is favoured by the new entrants in the nuclear world. The harmonization of regulations and the convergence of the safety requirements are necessary to build an efficient and competitive supply chain. (A.C.)

More reliable financing of future nuclear waste costs

International Nuclear Information System (INIS)

1994-01-01

A commission of inquiry was established by Government in 1993 to review the management of capital funds according to the existing Act of the Financing of Future Expenses for Spent Nuclear Fuel etc. The commission proposes that: The funds which have been paid to the Swedish state to finance the costs arising in connection with the handling and final disposal of spent nuclear fuel etc, from the year 1995, should be invested in accordance with guidelines which aim at attaining a higher return than is currently possible; That an independent government body, called the Nuclear Waste Fund, should be assigned the task of managing the funds, in accordance with these guidelines; That the Swedish Nuclear Power Inspectorate should continue to examine and evaluate issues relating to the application of the funds and recommend the level of the fee to be paid; and That a system including additional measures for guaranteeing the availability of funds should be implemented from the year 1995, in order to improve the reliability of the financing system. Our proposal involves extensive amendments to the Financing Act. On the other hand, the basic stipulations concerning responsibilities under the Act on Nuclear Activities, are not affected. (Seven work documents produced by consulting firms are published in a separate volume; SOU 1994:108) 5 figs., 16 tabs

Current issues in nuclear power projects decision making

International Nuclear Information System (INIS)

Yanev, Y.; Rogner, H.

2011-01-01

Concluding Comments: Firm government commitment and support - imminent; New financing approaches/models are emerging, repackaging existing methods and combination of project finance/co-operative mode; Global financial crisis will make financing for investors very challenging, especially for large scale infrastructure projects like NNP –financial regulators to impose tougher rules (Basel III, UK bank levy, US Financial Regulatory Bill, etc; Pure project finance is still challenging for nuclear projects - the availability of finance for new NPPs will depend on the initial government support. This presentation presents a “free market” view on investment in nuclear power projects; If the public sector (governments) wishes to invest in nuclear power as part of its socioeconomic development priorities, finance is not a real obstacle; It becomes an issue in the presence of other equally important development needs and private sector participation is sought

Some problems on cost of nuclear power

Energy Technology Data Exchange (ETDEWEB)

Yamada, A [Japan Energy Economic Research Inst., Tokyo

1975-12-01

The price of thermal power from oil has risen sharply. On the other hand, the price of atomic energy which has been expected to be favorable as compared with thermal power is rising slowly. In addition, the financial strength of electric utilities if lower, which results in difficulty of financing atomic power development. The course and the motivation of introducing nuclear power generation are briefly summarized. The economy and the usefulness of nuclear power generation and the problem of the financing for developing atomic energy are also examined.

Financing of the nuclear fuel cycle

International Nuclear Information System (INIS)

Wyart, P.

1975-01-01

Fuels account for only a modest share of the cost of nuclear energy: approximatively one-fourth whereas the capital financing charges exceed one-half. But it is necessary to take account of the combined effect of the magnitude of the needs in coming years and of the resulting acceleration due to the coming on stream of increasingly numerous nuclear power plants and to take account of the characteristics of the fuel cycle which is especially long because of technical requirements and the necessity to establish safety stocks [fr

Financing nuclear projects. Case study: Unit 2 Cernavoda NPP

International Nuclear Information System (INIS)

Chirica, T.; Pall, S.; Lebedev, A.; Dobrin, M.

2003-01-01

The implementation of a Nuclear Power Plant (NPP) in a country is a major undertaking for all entities involved, due to the necessity of planning work and co-ordination of the implementation process of the different fields of interest, starting with the governmental authorities and ending with the people. Having in view the specific investment cost (relatively high) for a NPP, to find an adequate financing structure is possible through an iterative process that involves first an assessment of the technical performances of the project and second, the mathematical modelling of the financing structure effects on the project. In this respect, the paper proposed will be focused on the main steps needed in order to promote an investment project in nuclear field, starting with the decision phase, providing the documentations requested by the local and international authorities to promote the project and ending with the negotiation of the contracts (commercial contract, financing contract, power purchase contract, etc.) The case study will be focused on the phases achieved in order to promote the Unit 2 Cernavoda NPP completion works project. (author)

The Nuclear Waste Fund Inquiry. Financing of nuclear waste management in Sweden and Finland and the cost control system in Sweden

International Nuclear Information System (INIS)

1994-01-01

The report describes the Finnish system for financing nuclear waste management, and compares it to the swedish one. It gives an analysis of the economic effects for the waste management financing of an early shut-down of a nuclear power plant, and of a change to a new system for financing the waste management, more like the Finnish one. Finally the cost for the Swedish nuclear waste management, as estimated by SKB, is scrutinized. 25 refs

Nuclear financing in Spain

International Nuclear Information System (INIS)

Urrutia, C.G.-T.

1975-04-01

The basic objectives of the Spanish National Energy Plan are summarized as (1) To obtain maximum guarantees for continuity of supplies, (2) Reduce the cost of energy supplies to the maximum possible degree, (3) Reduce the difference in the balance of payments due to importation of primary energy sources, (4) Pro-mote the rational use of energy with the aim of moderating the growth rates in demand without affecting economic development (5) Reduce to an economical minimum the effect on the environment of energy-producing installations, and (6) Contribute to the technological development of the country and promote research in the energy field. To fulfil these objectives, the following forecasts are made: With the Gross National Product increasing at a rate of 5% or 6%, the demand on primary energy sources in 1985 will be 173 or 194 million e.c.t. (equivalent coal tons), i.e. annual growth rates of energy consumption of 6% and 7.2% respectively, compared with growths during the last decade of 9.2%. It is projected that generation of electrical energy from nuclear sources will grow to attain in a share of approximately 60% by 1985, i.e. an installed nuclear power level of 23.8.GW. The cost of the Spanish National Energy Plan, particularly the cost and financing of the nuclear program, is reviewed. Finally, the growing need for self-financing is stressed. (B.P.)

MODELLING OF NUCLEAR POWER PLANT DECOMMISSIONING FINANCING

Czech Academy of Sciences Publication Activity Database

Bemš, J.; Knápek, J.; Králík, T.; Hejhal, M.; Kubančák, Ján; Vašíček, J.

2015-01-01

Roč. 164, č. 4 (2015), s. 519-522 ISSN 0144-8420 Institutional support: RVO:61389005 Keywords : nuclear power plant * methodology * future decommissioning costs Subject RIV: BG - Nuclear, Atomic and Molecular Physics, Colliders Impact factor: 0.894, year: 2015

78 FR 49726 - International Framework for Nuclear Energy Cooperation Finance/Regulatory/Energy Planning...

Science.gov (United States)

2013-08-15

..., (2) government commitment and support, and (3) a sound business plan. This workshop will be designed... power purchase agreements, are playing today in the financing of nuclear power projects in emerging... opportunity to network, build relationships in the global civil nuclear sector and learn more about current...

Financing of nuclear power plant using resources of power generation

International Nuclear Information System (INIS)

Slechta, V.; Milackova, H.

1987-01-01

It is proved that during the lifetime of a power plant, financial resources are produced from depreciation and from the profit for the delivered electrical power in an amount allowing to meet the cost of construction, interests of credits, the corporation taxes, and the means usable by the utility for simple reproduction of the power plant, additional investment, or for the ultimate decommissioning of the nuclear power plant. The considerations are simplified to 1 MW of installed capacity of a WWER-440 nuclear power plant. The breakdown is shown of the profit and the depreciation over the power plant lifetime, the resources of regular payments of credit instalments for the construction and the method of its calculation, and the income for the state budget and for the utility during the plant liofetime. (J.B.). 5 tabs., 5 refs

Assessment and financing of electric power projects

International Nuclear Information System (INIS)

Moscote, R.A.

1976-01-01

The aim of the appraisal of a project is to examine the economic need which a project is designed to meet, to judge whether the project is likely to meet this need in an efficient way, and to conclude what conditions should be attached to eventual Bank financing. Bank involvement continues throughout the life of the project helping to ensure that each project is carried out at the least possible cost and that it makes the expected contribution to the country's development. This paper gives an idea about the origin, nature and functions of the World Bank Group, describes the criteria used by the Bank in its power project appraisals, discusses the Bank's views on nuclear power, and concludes with a review of past lending and probable future sources of financing of electrical expansion in the less developed countries. (orig./UA) [de

Alternatives for Financing New Nuclear Reactors in Mexico

International Nuclear Information System (INIS)

Alonso, Gustavo; Palacios, Javier C.; Ramirez, Jose R.; Longoria, Luis C.; Valle, Edmundo del

2011-01-01

Nuclear power deployment requires an extensive capital investment that in many cases prevents the addition of new units for single private companies. The deployment of a single unit of 1000 MWe with the current economical cost requires around 5 billion US dollars assuming no delays or unforeseen problems. In Mexico the electricity is produced by the government utility 'Comision Federal de Electridad' with 47 GWe of installed capacity thereby it can afford this kind of investment. Here we assess two financing scenarios for deployment of a single nuclear reactor unit, in the first one the utility will use their own resources and in the second the nuclear power plant will be built using international and national credits, comparisons of these two scenarios are presented. (author)

Financing of an integrated nuclear desalination system in developing countries

International Nuclear Information System (INIS)

Bouzguenda, N.; Albouy, M.; Nisan, S.

2007-01-01

This paper focuses on a case study of financing a project of an integrated nuclear desalination system at la Skhira site in Tunisia. More specifically, it shows the financial characteristics of this project, known as TUNDESAL, the main financing mechanisms that can be used, and the principal actions required to attract the potential investors and lenders. The paper describes the basic requirements for the deployment of nuclear energy in a developing or an emerging country, with no previous experience of nuclear power; the specific financial considerations corresponding to the particular characteristics of nuclear desalination projects: high capital costs, high level of risks and uncertainties related in particular to long construction lead times and social and environmental concerns; the main risks of these projects; the profitability study of the TUNDESAL project: application of the discounted cash flow analysis; the main financing sources for the project; the financing schemes that can be used for project implementation and comparison between these schemes in terms of benefits generated, after covering project costs and repayment of lenders and investors; the main actions to be done for making the project financially attractive in order to gain the confidence of investors and international financial institutions (optimal allocation of project risks and uncertainties, a suitable and flexible energy and water tariffs policy, etc.). The analysis has shown that in particular conditions of Tunisia, the most attractive financial scheme could be the 'project financing + leasing'. (authors)

Competitiveness of nuclear power generation

International Nuclear Information System (INIS)

Sumi, Yoshihiko

1998-01-01

In view of the various merits of nuclear power generation, Japanese electric utilities will continue to promote nuclear power generation. At the same time, however, it is essential to further enhance cost performance. Japanese electric utilities plan to reduce the cost of nuclear power generation, such as increasing the capacity factor, reducing operation and maintenance costs, and reducing construction costs. In Asia, nuclear power will also play an important role as a stable source of energy in the future. For those countries planning to newly introduce nuclear power, safety is the highest priority, and cost competitiveness is important. Moreover, financing will be an essential issue to be resolved. Japan is willing to support the establishment of nuclear power generation in Asia, through its experience and achievements. In doing this, support should not only be bilateral, but should include all nuclear nations around the Pacific rim in a multilateral support network. (author)

Financing models for HTR plants: Co-financing, counter trade, joint ventures

International Nuclear Information System (INIS)

Bogen, J.; Stoelzl, D.

1987-01-01

Structure and volume of investment cost for HTR nuclear power plants are different in comparison to other types of nuclear power plants. Even if the share of local participation is in comparable order of magnitude to other nuclear power plants, the required technical infrastructure for HTR plants is more suitable for existing and still practised technologies in countries which are in development processes. These HTR specific features offer special possibilities in HTR project financing. Various models are discussed in respect of the special HTR situation. Even if it is not possible to point out in a general manner the best solution - due to national, local and time dependant situations - this paper discusses the HTR specific impacts to buyer's credit financing, supplier's credit financing, barter trades or joint ventures and combined financing. (author). 4 refs, 9 figs

Financing power projects in emerging markets

International Nuclear Information System (INIS)

Matsumoto, G.T.

1996-01-01

Financing for power generation projects in the developing countries of the world has been provided by the United States Export-Import Bank. The loans provided by its new Project Finance Division, totalling $8.3 billion are described. The future of project financing for the power generation industry should, it is argued, rest not with government financing agencies, but with private sector financial markets. (UK)

Financing of power supply systems and pollution control equipment. Models, dimensions, developments

Energy Technology Data Exchange (ETDEWEB)

Radtke, G; Raabe, G

1988-11-01

The authors explain the bankers' point of view of the financial and economic aspects of developments in the energy sector, discussing the financing of natural gas pipelines (Muro, Megal, etc.), of nuclear power plant construction, of projects in the oil supply sector, and of pollution abatement measures and equipment for the power industry and other industries. The different financial situations of small firms or large firms supplying pollution control equipment are discussed referring to the financing schemes to be set up, explaining among other things the profitability assessment taking into account long-term development or delays in return on capital investment from borrowed funds as induced, e.g., by delays in the licensing procedure. Future demand for borrowed capital for pollution control or nuclear power plant development is difficult to assess by the banking circles. (orig./RST).

Alternatives of Financing for New Nuclear Reactors in Mexico

International Nuclear Information System (INIS)

Alonso, Gustavo; Palacios, Javier C.; Ramirez, Jose R.; Longoria, Luis C.; Valle, Edmundo del

2011-01-01

Nuclear power deployment requires an extensive capital investment that in many cases prevents the addition of new units for single private companies. The deployment of a single unit of 1000 MWe with the current economical cost requires around 5 billion US dollars assuming no delays or unforeseen problems. In Mexico the electricity is produced by the government utility 'Comision Federal de Electridad' with 47 GWe of installed capacity thereby it can afford this kind of investment. Here we assess two financing scenarios for deployment of a single nuclear reactor unit, in the first one the utility will use their own resources and in the second the nuclear power plant will be built using international and national credits, comparisons of these two scenarios are presented. (author)

JYT - Publicly financed nuclear waste management research programme

International Nuclear Information System (INIS)

Vuori, S.

1992-07-01

The nuclear waste management research in Finland is funded both by the state and the utilities (represented in cooperation by the Nuclear Waste Commission of the Finnish power companies). A coordinated research programme (JYT) comprising the publicly financed waste management studies was started in 1989 and continues until 1993. The utilities continue to carry out a parallel research programme according to their main financial and operational responsibility for nuclear waste management. The research programme covers the following main topic areas: (1) Bedrock characteristics, groundwater and repository, (2) Release and transport of radionuclides, (3) Performance and safety assessment of repositories, and (4) Waste management technology and costs

JYT - Publicly financed nuclear waste management research programme

International Nuclear Information System (INIS)

Vuori, S.

1993-06-01

The nuclear waste management research in Finland is funded both by the state and the utilities (represented in cooperation by the Nuclear Waste Commission of the Finnish power companies). A coordinated research programme (JYT) comprising the publicly financed waste management studies was started in 1989 and continues until 1993. The utilities continue to carry out a parallel research programme according to their main financial and operational responsibility for nuclear waste management. The research programme covers the following main topic areas: (1) Bedrock characteristics, groundwater and repository, (2) Release and transport of radionuclides, (3) Performance and safety assessment of repositories, and (4) Waste management technology and costs

JYT - Publicly financed nuclear waste management research programme

International Nuclear Information System (INIS)

Vuori, S.

1991-07-01

The nuclear waste management research in Finland is funded both by the state and the utilities (represented in cooperation by the Nuclear Waste Commission of the Finnish power companies). A coordinated research programme (JYT) comprising the publicly financed waste management studies was started in 1989 and continues until 1993. The utilities continue to carry out a parallel research programme according to their main financial and operational responsibility for nuclear waste management. The research programme covers the following main topic areas: (1) Bedrock characteristics, groundwater and repository, (2) Release and transport of radionuclides, (3) Performance and safety assessment of repositories, and (4) Waste management technology and costs

Problems facing a first nuclear power plant

International Nuclear Information System (INIS)

Diaz, E.

1986-01-01

Requirement of nuclear power generation. Reason for considering a nuclear power programme. Decision to 'go nuclear'. Existing antecedents in the country (nuclear research institution, conventional generating plants, other nuclear utilities). - First organizational steps. Feasibility studies. Site selection and power module. Eventual reactor type decision. Site approval. - Pre-purchasing activities. Eventual selection of a consultant. Domestic participation capabilities. Pre-qualification bids. - Definition of contract type and scopes. Turn-key/non-turn-key. Architect Engineer organization. Bidding documentation. Financing. Warranties. Role of the owner. Licensing procedures and regulations. (orig./GL)

Financing of nuclear trade. The brazilian experience

International Nuclear Information System (INIS)

Andrade Cavalcanti, C. de.

1990-01-01

The importance of financing instruments as means for the promotion of international nuclear trade is analysed. Besides the specific characteristics of nuclear trade is examined. Furthermore the role of governmental authorities and international agencies, mainly the IAEA is discussed. Finally the presence of Brazil in the international financial market and the financing of nuclear trade in Brazil are described [pt

Nuclear New Build: Insights into Financing and Project Management

International Nuclear Information System (INIS)

Horst Keppler, Jan; Cometto, Marco; Kim, Sang-Baik; Sozoniuk, Vladislav; Rothwell, Geoffrey; Thompson, Orme; Savage, Chris; Mancini, Mauro; Leigne, Philippe; Bickford, Erica; Crozat, Matt

2015-01-01

Nuclear new build has been progressing steadily since the year 2000, with the construction of 94 new reactors initiated and 56 completed reactors connected to the grid. Among these new reactors are some of the first generation III/III+ reactors of their kind. Drawing on a combination of conceptual analysis, expert opinion and seven in-depth case studies, this report provides policy makers and stakeholders with an overview of the principal challenges facing nuclear new build today, as well as ways to address and overcome them. It focuses on the most important challenges of building a new nuclear power plant, namely assembling the conditions necessary to successfully finance and manage highly complex construction processes and their supply chains. Different projects have chosen different paths, but they nonetheless share a number of features. Financing capital-intensive nuclear new build projects requires, for example, the long-term stabilisation of electricity prices whether through tariffs, power purchase agreements or contracts for difference. In construction, the global convergence of engineering codes and quality standards would also promote both competition and public confidence. In addition, change management, early supply chain planning and 'soft issues' such as leadership, team building and trust have emerged over and again as key factors in the new build construction process. This report looks at ongoing trends in these areas and possible ways forward. (authors)

Financing Nuclear Projects. Case Study: Unit 2 Cernavoda NPP

International Nuclear Information System (INIS)

Chirica, Teodor; Constantin, Carmencita; Dobrin, Marian

2003-01-01

The implementation of a Nuclear Power Plant (NPP) is a major undertaking for all entities involved, due to the necessity of planning work and coordination of the implementation process of the different fields of interest, starting with the governmental authorities and ending with the public. Having in view the specific investment costs (relatively high) for a NPP, finding an adequate financing structure is possible through an iterative process that involves first an assessment of the technical performances of the project and secondly, the mathematical modelling of the financing structure effects on the projects. In this respect, the paper will be focused on the main steps needed in order to promote an investment project in nuclear field, starting with the decision phase, providing the documentation requested by the local and international authorities to promote the project and ending with the negotiation of the contracts (commercial contract, financing contract, purchase contract, etc). The case study will be focused on the phases achieved in order to promote the Unit 2 NPP Cernavoda completion works project. (authors)

New directions in electric power financing

International Nuclear Information System (INIS)

Jechoutek, K.G.; Lamech, Ranjit

1995-01-01

This paper argues that it is necessary to raise the eyes from the current focus on independent power projects, buttressed by guarantees, to the longer horizon of electric power financing in open markets. Transitional strategies will need to move beyond the commonly seen IPP activity that occurs without fundamental sector reform, and demand-side incentives that introduce further market distortions. These efforts will have to focus on macroeconomic stabilization, removal of price distortions, as well as sector and corporate reform. Mobilization of domestic capital will be essential for sustainable sector financing. Although guarantees to encourage power sector investment can be designed to selectively cover risks, their elimination through fundamental sector reform should be the ultimate goal. Over the longer-term traditional corporate finance should become a more common financing strategy than project finance. Innovations in performance risk management and consumer credit will be crucial to the financing of energy efficiency. (author)

Nuclear power infrastructure and planning

International Nuclear Information System (INIS)

2005-01-01

There are several stages in the process of introducing nuclear power in a country. These include feasibility studies; technology evaluation; request for proposals and proposal evaluation; project and contracts development and financing; supply, construction, and commissioning; and finally operation. The IAEA is developing guidance directed to provide criteria for assessing the minimum infrastructure necessary for: a) a host country to consider when engaging in the implementation of nuclear power, or b) a supplier country to consider when assessing that the recipient country would be in an acceptable condition to begin the implementation of nuclear power. There are Member States that may be denied the benefits of nuclear energy if the infrastructure requirements are too large or onerous for the national economy. However if co-operation could be achieved, the infrastructure burden could be shared and economic benefits gained by several countries acting jointly. The IAEA is developing guidance on the potential for sharing of nuclear power infrastructure among countries adopting or extending nuclear power programme

Nuclear Physicists in Finance

Science.gov (United States)

Mattoni, Carlo

2017-01-01

The financial services industry presents an interesting alternative career path for nuclear physicists. Careers in finance typically offer intellectual challenge, a fast pace, high caliber colleagues, merit-based compensation with substantial upside, and an opportunity to deploy skills learned as a physicist. Physicists are employed at a wide range of financial institutions on both the ``buy side'' (hedge fund managers, private equity managers, mutual fund managers, etc.) and the ``sell side'' (investment banks and brokerages). Historically, physicists in finance were primarily ``quants'' tasked with applying stochastic calculus to determine the price of financial derivatives. With the maturation of the field of derivative pricing, physicists in finance today find work in a variety of roles ranging from quantification and management of risk to investment analysis to development of sophisticated software used to price, trade, and risk manage securities. Only a small subset of today's finance careers for physicists require the use of advanced math and practically none provide an opportunity to tinker with an apparatus, yet most nevertheless draw on important skills honed during the training of a nuclear physicist. Intellectually rigorous critical thinking, sophisticated problem solving, an attention to minute detail and an ability to create and test hypotheses based on incomplete information are key to both disciplines.

Nuclear power 1984: Progressive normalisation

International Nuclear Information System (INIS)

Popp, M.

1984-01-01

The peaceful use of nuclear power is being integrated into the overall concept of a safe long-term power supply in West Germany. The progress of normalisation is shown particularly in the takeover of all stations of the nuclear fuel circuit by the economy, with the exception of the final storage of radioactive waste, which is the responsibility of the West German Government. Normalisation also means the withdrawal of the state from financing projects after completion of the two prototypes SNR-300 and THTR-300 and the German uranium enrichment plant. The state will, however, support future research and development projects in the nuclear field. The expansion of nuclear power capacity is at present being slowed down by the state of the economy, i.e. only nuclear power projects being built are proceeding. (orig./HP) [de

Public Acceptance on Nuclear Power: A Strategic Need to Shift to 5Ps (Politicians, Policy Makers, Professionals, Public and Press) Acceptance on Nuclear Power

International Nuclear Information System (INIS)

Dato Syed Ahmad Idid, S.N. K. A.-I.

2015-01-01

Business should not be as usual in formulating strategies and plans to enhance awareness regarding the benefits of nuclear power as an option for energy mix. Although, presently 435 nuclear power reactors in operation in 30 countries are delivering cost competitive electricity to consumers, creating significant job, investment and business opportunities, supporting enterprises, contributing significantly to these nations economic growth, however these positive impacts and benefits have not be sufficiently transmitted to the various stakeholders and population, who have until recently only received unbalanced views and news from an uninformed press. Negative and generally unbalanced press coverage of isolated nuclear incidents and accidents such as TMI, Chernobyl and most recently Fukushima has resulted in public protests to nuclear power, contributing to several nuclear power programmes being delayed or not able to take off. This situation is further exacerbated by uninformed politicians and policy makers who have the influence but were not able to harness their positions to assure the public due to lack of knowledge regarding the economic and social benefits of nuclear power. As the challenges to the nuclear industry presently also include ageing nuclear professionals, lack of updates regarding business and financing opportunities to business and financing professionals, thus the benefits of career, business and financing opportunities must also be disseminated to these Professionals. This paper aims to highlight the fundamental need to expand present Public Awareness Programme to become the 5Ps (Politicians, Policy makers, Professionals, Public and Press) Awareness Programme on Nuclear Power. (author)

Independent power project finance rating criteria

International Nuclear Information System (INIS)

Goldsmith, D.; Chew W.; Moulton, C.

1992-01-01

Continuing growth of project financing for non-utility generators in the US and abroad has led to growing focus on their credit strength. In general, the financings remain relatively risky and would likely be rated below investment grade, because of various factors: loose power purchase arrangements, poor match between power pricing and fuel costs, aggressive leverage, troubled operating performance. But S and P believes some projects have the credit strength to support investment grade ratings. As traditional financing markets for these projects --- bank lending and private placements with highly specialized institutional investors --- have contracted, project sponsors and developers are considering broader markets. These include institutional investors without specialized focus on power project finance. In these markets, distinctions among projects may lead to greater liquidity and efficiency in developing the pricing and terms under which projects can be financed. This paper reports that ratings are most appropriate for projects seeking permanent financing as they enter commercial operations. They also may be useful for projects which have been operating for some time and for some very strong projects which are raising construction financing. To guide both project developers and investors in project financing, S and P has developed the following approach for rating these types of financings

The Economics of Nuclear Power: Is Nuclear Power a Cost-Effective Way to Tackle Climate Change

International Nuclear Information System (INIS)

Thomas, S.

2009-01-01

The role nuclear power can play in combating climate change is limited by the fact that nuclear can have little role in the transport sector, one of the two major emitters of greenhouse gases. However, nuclear power is often portrayed as the most important potential measure to reduce emissions in the other major emitter of greenhouse gases, the power generation sector. For nearly a decade, there has been talk of a 'nuclear renaissance'. Under this, a new generation of nuclear power plants, so called generation III+ designs, would revitalize ordering in markets, especially Europe and North America, that had seen no orders since the 1980s or earlier. This renaissance and the potential role of nuclear power in combating climate change raise a number of issues, including: 1) Is nuclear power the most cost-effective way to replace fossil fuel power generation? 2) Can the issues that nuclear power brings with it, including environmental impact, safety, waste disposal and weapons proliferation be dealt with effectively enough that they will not be a barrier to the use of nuclear power? 3) Are uranium resources sufficient to allow deployment of nuclear power on the scale necessary to have a significant impact on greenhouse gas emissions with existing technologies or would unproven and even more controversial technologies that use natural uranium more sparingly, such as fast reactors, be required? This paper focuses on the first question and in particular, it examines whether economic factors are behind the failure of the long-forecast 'nuclear renaissance' to materialize in Europe and North America. It examines factors such as the construction cost escalation, difficulties of finance and the cost of capital, the financial crisis of 2008/09, the delays in getting regulatory approval for the new designs, and skills and equipment shortages. It concludes that the main factors behind the delays in new orders are: 1) Poor construction experience with the only two new orders

Additional nuclear power in Finland; Challenge for economics and financing

International Nuclear Information System (INIS)

Raumolin, H.I.

1989-01-01

The overview of energy situation in Finland is presented. Additional base-load power is needed in the second half of the 1990's. The experience of nuclear power including the price of electricity as well as construction and operation of power plants is presented. Challenges for new nuclear power are described. The challenges can be met by utilizing the good experience gained in Finland, as well as the competitive situation on the international market

Financing aspects of nuclear power in India

International Nuclear Information System (INIS)

Sebastian, K.J.

2000-01-01

This paper addresses economic scenarios and trends toward deregulation in India. Growth of the power sector must precede economic growth. Nuclear power growth, now at a rate lower than the average growth of other power, is expected to accelerate over the next two decades. Capacity growth would be funded through equity and debt in the ratio of 1:1. While a substantial portion of the equity capital would be mobilized internally, the initial flow of equity for this growth must come from the Government. The debt capital is to be substantially funded by the domestic capital market and part would flow from external sources. (author)

Basic infrastructure for a nuclear power project

International Nuclear Information System (INIS)

2006-06-01

There are several stages in the process of introducing nuclear power in a country. These include development of nuclear policies and regulations, feasibility studies, public consultations, technology evaluation, requests for proposals and evaluations, contracts and financing, supply, construction, commissioning, operation and finally decommissioning. This publication addresses the 'basic' infrastructure needs, which are adequate until the issue of the construction license. It is obvious that a fully developed nuclear infrastructure will be required for the further implementation stages of a nuclear power reactor. The officials and experts in each country will undertake the transition from a basic infrastructure to a fully developed infrastructure that covers the stages of construction, commissioning, operation and decommissioning. The publication is directed to provide guidance for assessing the basic infrastructure necessary for: - A host country to consider when engaging in the implementation of nuclear power, and - A supplier country to consider when assessing whether the recipient country is in an acceptable condition to begin the implementation of a nuclear power project. The target users are decision makers, advisers and senior managers in the governmental organizations, utilities, industrial organizations and regulatory bodies in the countries adopting nuclear power programmes or exporting supplies for these programmes. The governmental organizations that may find this publication useful include: Ministries of Economy, Energy, Foreign Affairs, Finance, Mining, Internal Affairs, Academic Institutions, Nuclear Energy Agencies and Environmental Agencies. This publication was produced within the IAEA programme directed to increase the capability of Member States to plan and implement nuclear power programmes and to establish and enhance national nuclear infrastructure. This publication should be used in conjunction with the IAEA Safety Standards Series and other

Innovative financing techniques for nuclear power exports

International Nuclear Information System (INIS)

Mercaldo, E.L.

1983-06-01

The author makes general comments regarding the possible conflict between project risks, sponsors' ability to assume these risks, and the requirements and objectives of all project benficiaries: sponsors, lenders, consumers and government. To reconcile these conflicts there is an increasing use of project finance techniques to finance large capital projects

Development of a financing model for nuclear fuel cycle cost evaluation

International Nuclear Information System (INIS)

Takahashi, Makoto; Yajima, Masayuki

1984-01-01

It is necessary to evaluate the prices of nuclear fuel pre- and post-processing in order to analyse the costs of the nuclear power generation. Those prices are directly related to the costs of construction and operation of facilities in the nuclear fuel cycle. In this report, we propose a model which evaluates financing of an undertaking that constructs and operates one of the facilities such as uranium enrichment, reprocessing or interim storage of spent fuels. The model is divided into two phases, the construction phase and the operation phase. In the construction phase, it calculates expenses during the facility construction and corresponding financings for each term. In the operation phase, the model refers to the results of the construction phase and performs calculations on profits and losses, cash-flow, and disposition to profits term by according to a certain operation schedule. Using this model, feasibility of the undertaking and effects of various pricing strategies on the nuclear fuel costs can be evaluated by simulations. (author)

The challenge of venture capital financing of nuclear innovations: an American example?

International Nuclear Information System (INIS)

Hurel, T.

2017-01-01

The financing of innovations in nuclear industry has been a public sector concern till recently, now in the last years about 50 start-ups operating in nuclear activities have been created in the US. A broad part of these new enterprises are financed by business angels or venture capitalists and generally they propose new kinds of reactors which is not surprising as public funding has the tendency to go to projects based on technologies already approved by the NRC. Breakthrough Energy Ventures (BEV) was launched in 2016 by Bill Gates with the purpose of financing clean energy projects. TerraPower promotes a new kind of reactor while Mission Innovation aims at doubling investment in clean technologies. Other start-ups like ALPHA (Accelerating Low-cost Plasma Heating and Assembly) or LPP Fusion or General Fusion are working on thermonuclear fusion. (A.C.)

Financing of nuclear projects. Lessons from a recent experience

International Nuclear Information System (INIS)

Shubert, U.

2004-01-01

The advantages of mandating BNP Paribas as a lead bank and arranger for NPP Belene are presented. BNPP has an excellent record and credentials in Nuclear Power Plant Projects internationally and in the local energy sector and very recent experience as a lead bank for the fifth nuclear power plant in Finland. BNPP has a proven track record as Provider of rapid and efficient ECA financing in terms of: managing in parallel the number of ECA contractual relations, so as to provide 'matching opportunities' between the ECAs and leverage to improve their terms and conditions, and to harmonize them in one set of unified legal documentation. There is no cost to the Government of Bulgaria until the signing of the Facility Documentation

Nuclear fuel financing by USA investor-owned utilities

International Nuclear Information System (INIS)

Cave, W.F.

1981-01-01

Investor-owned utilities in the USA currently have almost 60 nuclear plants in commercial operation and an additional 90 plants under construction or awaiting operating licenses. To understand the specific techniques implemented to finance nuclear fuel and the advantages which they provide to individual companies, the total financing needs of the industry, the traditional pattern which utility external financing has taken, and the varied financial and regulatory bodies whose often conflicting objectives management must attempt to reconcile, must be understood. The aim of this paper is to aid such an understanding. The subject is discussed under the following headings: industry background; regulation and rating agencies; management objectives; financing structure; advantages (low financing cost; regulatory treatment; freer nature of agreement; access to commercial paper market; appropriate financing time-span; rating benefits; accounting treatment); conclusions. (U.K.)

Nuclear power for developing countries. Key issue paper no. 1

International Nuclear Information System (INIS)

Rogner, H.-H.; Khan, A.M.

2000-01-01

Is there a rationale for developing countries to adopt nuclear power? This paper explores this rationale and the suitability of nuclear power for developing countries by surveying the prerequisites for and implications of developing a nuclear power program: infrastructure availability, economics and finance, environment, the needs for technology transfer, the regulatory and institutional frameworks required and the awareness of public concerns. (author)

Nuclear power and the UK

International Nuclear Information System (INIS)

Murphy, St.

2009-01-01

This series of slides describes the policy of the UK government concerning nuclear power. In January 2008 the UK Government published the White Paper on the Future of Nuclear Power. The White Paper concluded that new nuclear power stations should have a role to play in this country's future energy mix. The role of the Government is neither to build nuclear power plants nor to finance them. The White Paper set out the facilitative actions the Government planned to take to reduce regulatory and planning risks associated with investing in new nuclear power stations. The White Paper followed a lengthy period of consultation where the UK Government sought a wide variety of views from stakeholders and the public across the country on the future of nuclear power. In total energy companies will need to invest in around 30-35 GW of new electricity generating capacity over the next two decades. This is equivalent to about one-third of our existing capacity. The first plants are expected to enter into service by 2018 or sooner. The Office for Nuclear Development (OND) has been created to facilitate new nuclear investment in the UK while the Nuclear Development Forum (NDF) has been established to lock in momentum to secure the long-term future of nuclear power generation in the UK. (A.C.)

Financing Strategies for Nuclear Fuel Cycle Facility

International Nuclear Information System (INIS)

David Shropshire; Sharon Chandler

2005-01-01

To help meet our nation's energy needs, reprocessing of spent nuclear fuel is being considered more and more as a necessary step in a future nuclear fuel cycle, but incorporating this step into the fuel cycle will require considerable investment. This report presents an evaluation of financing scenarios for reprocessing facilities integrated into the nuclear fuel cycle. A range of options, from fully government owned to fully private owned, was evaluated using a DPL (Dynamic Programming Language) 6.0 model, which can systematically optimize outcomes based on user-defined criteria (e.g., lowest life-cycle cost, lowest unit cost). Though all business decisions follow similar logic with regard to financing, reprocessing facilities are an exception due to the range of financing options available. The evaluation concludes that lowest unit costs and lifetime costs follow a fully government-owned financing strategy, due to government forgiveness of debt as sunk costs. Other financing arrangements, however, including regulated utility ownership and a hybrid ownership scheme, led to acceptable costs, below the Nuclear Energy Agency published estimates. Overwhelmingly, uncertainty in annual capacity led to the greatest fluctuations in unit costs necessary for recovery of operating and capital expenditures; the ability to determine annual capacity will be a driving factor in setting unit costs. For private ventures, the costs of capital, especially equity interest rates, dominate the balance sheet; the annual operating costs dominate the government case. It is concluded that to finance the construction and operation of such a facility without government ownership could be feasible with measures taken to mitigate risk, and that factors besides unit costs should be considered (e.g., legal issues, social effects, proliferation concerns) before making a decision on financing strategy

Financing private power in Eastern Europe

International Nuclear Information System (INIS)

Sen, A.

1993-01-01

Finance is needed for upgrading Eastern Europe's electric power industries. Capacity is not a problem, as all countries have more than adequate capacity in the light of the deep industrial recession. However, much of the capacity is elderly and poorly maintained, so availability is low. Coal fired plant may have electrostatic precipitators, but no desulfurization or de-NO x equipment is present. Price rises in oil and gas imported from Russia have however increased interest in energy efficiency measures. Power generation is mainly coal or lignite based. Commercial banks will be little involved in financing. The best viable sources of large scale financing will be the IBRD, EIB, EBRD, and IFC, among the multilateral investment banks. Loans so far have mainly gone to Poland. The multilateral institutions have great experience in lending to developing countries, but long procurement processes are often involved. Raising finance is inevitably a difficult process. The financing of the Cracow Environmental Project, a model private power venture in Poland is described and discussed, with particular reference to contract, legal and economic problems

Study on nuclear power introduction into Vietnam

International Nuclear Information System (INIS)

Vuong Huu Tan

2000-01-01

The report presents main results of the study on nuclear power introduction into Vietnam which have been carried out at Vietnam Atomic Energy Commission in collaboration with Ministry of Industry of Vietnam and other countries like Japan, Canada and Korea. The study covers all topics related to the nuclear power introduction into Vietnam such as electricity demands and supply, economics, finance, technology, safety, manpower, site selection etc. (author)

Nuclear industry (Finance) Act 1981

International Nuclear Information System (INIS)

1981-01-01

The purpose of the Act is to enable British Nuclear Fuels Limited to make borrowings backed by Government guarantees in order to finance its ten year investment programme. More specifically, the Act raises the financial limit applicable to British Nuclear Fuels Limited from pound 500 million to pound 1,000 million. (NEA) [fr

SWOT of nuclear power plant sustainable development

International Nuclear Information System (INIS)

Abbaspour, M.; Ghazi, S.

2008-01-01

SWOT Analysis is a Useful tool that can he applied to most projects or business ventures. In this article we are going to examine major strengths, weaknesses, opportunities and threats of nuclear power plants in view of sustainable development. Nuclear power plants have already attained widespread recognition for its benefits in fossil pollution abatement, near-zero green house gas emission, price stability and security of energy supply. The impressive new development is that these virtues are now a cost -free bonus, because, in long run, nuclear energy has become an inexpensive way to generate electricity. Nuclear energy's pre-eminence economically and environmentally has two implications for government policy. First, governments should ensure that nuclear licensing and safety oversight arc not only rigorous but also efficient in facilitating timely development of advanced power plants. Second, governments should be bold incentivizing the transformation to clean energy economics, recognizing that such short-term stimulus will, in the case of nuclear plants, simply accelerate desirable changes that now have their own long-term momentum. The increased competitiveness of nuclear power plant is the result of cost reductions in all aspects of nuclear economics: Construction, financing, operations, waste management and decommissioning. Among the cost-lowering factors are the evolution to standardized reactor designs, shorter construction periods, new financing techniques, more efficient generation technologies, higher rates of reactor utilization, and longer plant lifetimes. U.S World Nuclear Association report shows that total electricity costs for power plant construction and operation were calculated at two interest rates. At 10%, midrange generating costs per kilowatt-hour are nuclear at 4 cents, coal at 4.7 cents and natural gas at 5.1 cent. At a 5% interest rate, mid-range costs per KWh fall to nuclear at 2.6 cents, coal at 3.7 cents and natural gas at 4.3 cents

The lessons of Three Mile Island - public acceptance of nuclear power

International Nuclear Information System (INIS)

Jordan, T.R.

1979-01-01

An evaluation is given of the effects which the accident at Three Mile Island has had on public acceptance of nuclear power in the United States. Furthermore the impact of the changes in public acceptance on the financing of nuclear power projects is assessed. (author)

The financing of nuclear industry

International Nuclear Information System (INIS)

Cazauran, B.

1978-01-01

Having first recalled the usual financing rules related to the economic activities, the author analyses the applying of those rules in the nuclear field, taking into account the specific characteristics of this industrial branch [fr

Nuclear Energy's Role in the 21. Century: Addressing the Challenge of Financing. Conference Proceedings

International Nuclear Information System (INIS)

Ayoub, Rakan; Borovas, George; Burkart, Alex; Gorn, Janet; Cho, Carl; Duncan, Aleshia; ); Gadomski, Chris; Ha, Jaejoo; ); Keppler, Jan Horst; ); Kuchinov, Vladimir; Lipman, Dan; Mathieson, John; McGinnis, Ed; Murphy, Paul; Mussler, Robert; Paillere, Henri; ); Reilly, Fiona; Sadayasu, Motomitsu; Schapiro, Regine; Shropshire, David; ); Duncan, Aleshia; Kmiec, Weronika; Grosch, Gisela; Lundell, Charlotta; Pham Van, Andree; Vuillaume; Allen Hamilton, Booz; Barkatullah, Nadira; Rollat, Xavier

2016-01-01

In May 2016, the International Framework for Nuclear Energy Cooperation (IFNEC) held a conference in cooperation with the Nuclear Energy Agency (NEA) on 'Nuclear Energy's Role in the 21. Century: Addressing the Challenge of Financing'. This conference brought together over 150 stakeholders from more than 30 countries, including government representatives and members of the nuclear and finance communities, as well as experts from the NEA and the OECD. Conference participants discussed the primary challenges faced by the markets, including how to secure financing for new nuclear projects, as well as approaches and solutions to such challenges. Through multiple expert presentations, moderated sessions and scenario discussions, participants acquired a better understanding of the unique challenges, approaches and techniques involved in financing new nuclear power plants. Throughout the conference, experts set the stage to understand why financing new NPPs is so difficult and complex. The following are the key challenges identified through discussions: - unstable electricity prices in a liberalized market; - electricity market designs that do not provide investment signals for low-carbon technologies; - insufficient carbon pricing to promote nuclear investments; - explicit governmental support for renewables; - uncertain and changing political support; - poor social and political perception of safety; - historical new nuclear project budget and schedule overruns; - long-term nature of capital investments. Final recommendations for consideration Conclusions were reached through discussions and debate on how to best address the aforementioned challenges. Although not all of these challenges can be resolved, there are methods to address the risks involved and to build the confidence necessary for investment. The key recommendations from the conference for financing new NPPs include: - conduct electricity market reform to level the playing field across all

A nuclear power enterprise debt management system construction Based on Sanmen Nuclear Power Co., LTD, debt risk management case analysis

International Nuclear Information System (INIS)

Wu Yan; Liu Shuqing

2010-01-01

Building nuclear power enterprises need huge investment , often tens of billions RMB. How to do a good job in corporate debt risk management, becoming powerful large-scale development of nuclear power ,ensuring the supply of funds and existing debt service in the process of large-scale development of nuclear power ,is an important task. In this paper, managing the company's debt is very urgent and necessary through analysis of SMNPC financing and debt structure; through the analysis of SMNPC's debt risk management , the authors would like to explore how to build up the framework of the debt management under the large-scale development of nuclear power construction . Nuclear power enterprises need to strengthen supervision mechanism and internal control,build-up and perfect all-round debt risk manage system, keep watch on debt risk in order to ensure preservation and increment of the value of state assets. (authors)

Construction costs of nuclear power stations

Energy Technology Data Exchange (ETDEWEB)

Mandel, H

1976-03-01

It is assumed that the demand for electrical energy will continue to rise and that nuclear power will increasingly supply the base-load of electricity generation in the industrialized world. The author identifies areas where techniques and practices to control costs can be improved. Nuclear power offers an alternative to liquid and gaseous fossil fuels and contributes to a relative stability in the price of electric energy. Nuclear power plants can now generate power more cheaply than other thermal power plants down into the upper middle load sector, as indicated in calculations based on a construction time of six years for nuclear plants and four years for others. Special legal provisions, different conditions of financing and taxation, varying methods of power generation cost accounting, and the nonuniform layout of the plant in the various countries make it difficult to compare power generation costs. The author uses mostly experiences gained in the Federal Republic of Germany for some calculations for comparison; he cites lack of standardization and over-long licensing times as major factors in the recent rapid escalation of nuclear power costs and suggests that adoption of standard reactor designs, encouragement of a vigorous and competitive European nuclear industry, and streamlining of licensing procedures to improve the situation. (MCW)

Alternatives of financing for new nuclear reactors in Mexico

International Nuclear Information System (INIS)

Alonso, A.; Palacios, J.C.; Ramirez, J.R.; Longoria, L.C.; Valle, E. del

2009-01-01

Financing plays a very important role for the deployment of new nuclear reactors units in any country. Two financing alternatives can be used to support such project: the first one is that the utility provide from its own resources the capital for the investment; and the second one through international and national credits to support the nuclear project. To be a loan candidate the viability of the nuclear project must be demonstrated, it implies among other things to have a qualified national infrastructure. Also, the utility must have an international credit record in good status by the international qualifying companies. Both things are met by the Mexican Utility 'Comision Federal de Electricidad', therefore exist the possibility to build new nuclear reactors in Mexico. Here we assess both alternatives financing and own resources projects

Nuclear power for tomorrow

International Nuclear Information System (INIS)

Csik, B.J.; Konstantinov, L.V.; Dastidar, P.

1989-09-01

The evolution of nuclear power has established this energy source as a viable mature technology, producing at comparative costs more than 16% of the electricity generated world-wide. After outlining the current status of nuclear power, extreme future scenarios are presented, corresponding respectively to maximum penetration limited by technical-economic characteristics, and nuclear phase-out at medium term. The situation is complex and country specific. The relative perception of the importance of different factors and the compensation of advantages vs. disadvantages, or risk vs. benefits, has predominant influence. In order to proceed with an objective and realistic estimate of the future role of nuclear power worldwide, the fundamental factors indicated below pro nuclear power and against are assessed, including expected trends regarding their evolution: Nuclear safety risk; reduction to levels of high improbability but not zero risk. Reliable source of energy; improvements towards uniform standards of excellence. Economic competitiveness vs. alternatives; stabilization and possible reduction of costs. Financing needs and constraints; availability according to requirements. Environmental effects; comparative analysis with alternatives. Public and political acceptance; emphasis on reason and facts over emotions. Conservation of fossil energy resources; gradual deterioration but no dramatic crisis. Energy supply assurance; continuing concerns. Infrastructure requirements and availability; improvements in many countries due to overall development. Non-proliferation in military uses; separation of issues from nuclear power. IAEA forecasts to the year 2005 are based on current projects, national plans and policies and on prevailing trends. Nuclear electricity generation is expected to reach about 18% of total worldwide electricity generation, with 500 to 580 GW(e) installed capacity. On a longer term, to 2030, a stabilized role and place among available viable

Competitiveness of nuclear power in Japanese liberalized electricity market

International Nuclear Information System (INIS)

Abe, Y.

2006-01-01

The liberalization of Japanese electricity market expanded to customers of over 50 kV on April 1, 2005 and more than 60% of the market has been already open. The discussion about the assistance measures of nuclear power generation in Japanese liberalization of electricity market has come to grow warmer gradually. The opinions on the competitiveness of nuclear power are inconsistency among the supporters of nuclear power. Some says that nuclear power is the most competitive, others says nuclear power require some sort of financial or political assistance in the deregulation of electricity market. In this study, based on financial statements of each Japanese electric power company, the constitution of generation cost of nuclear power is illustrated and various financial and economic characteristics, including ''merit of scale'' and the impact of new nuclear power plant construction on the finance of electric power company, are discussed. In addition, the economic features of nuclear power generation are compared with those of thermal power generation through the analysis of financial statements. Finally, support policies for nuclear power required in deregulation of electric utilities are examined in terms of fairness of competition and security of electricity supply

Financing responsibility for nuclear waste disposal

International Nuclear Information System (INIS)

2004-01-01

The basic premise for financing arrangements for the disposal of nuclear waste is that the nuclear industry - not the taxpayer - must bear the costs. Present regulations, however, are imperfect in this regard. The Inquiry therefore proposes extending the financial liability of the nuclear industry and introducing new fee-setting arrangements. It is proposed that a new law be enacted to regulate these changes. The present financing system is regulated in the 'Financing Act' 1. Under this Act, the licensed owner and operator of a nuclear reactor is required to pay an annual fee and provide guarantees to the State. Four companies are reactor owners. These companies are wholly or partly owned by other companies according to various arrangements. Each reactor owner is responsible for its own dismantling costs and for its share of allocated common costs of disposal and related measures. If there is insufficient money in the funds, the nuclear industry will still be liable. The basic premise of the Inquiry is that the financing system should be designed so as to minimise the risk that the State (and taxpayers) will need to step in and pay. Although the nuclear industry is intended to have full liability for payment, in practice it does not. This is because the formal full liability for payment in the nuclear industry rests with the reactor companies and not where the industry's long-term ability to pay is to be found. Essentially, the present arrangements mean that: - Companies that cannot be expected to have any long-term ability to pay have unlimited liability, and - Companies that can be expected to have an ability to pay have very limited liability. The Inquiry therefore proposes that ability to pay and liability are brought into line by a formal assumption by owning companies of the sort of liability for payment that now rests solely with the reactor companies. This means that the owning company in each group that is best suited to bear the liability for payment

Reload shutdown for Nuclear Power Stations in spain in 2003

International Nuclear Information System (INIS)

2004-01-01

Regarding time reductions in fuel reloading at Spanish nuclear power stations, the Spanish Nuclear Security Council (CSN), at the request of the Spanish Finance and Treasury Department of the Chamber of Deputies, delivered an instruction, by which power station's owners were urged to establish a detailed planning of reload operations. This article includes the results of this instruction. (Author) 6 refs

More reliable financing of future nuclear waste costs

International Nuclear Information System (INIS)

1994-01-01

This appendix contains seven reports written by consultants to the Commission. The report titles are: Basic document regarding the inquiry on fund management; Scenarios for growth and real interest rates in a long perspective; Stability of the Swedish financing system; Report concerning the financing of nuclear waste management in Sweden and Finland and the cost control system in Sweden; Evaluation of the cost estimates and calculation methods of SKB; A study of the costs for nuclear waste - The basis for cost estimation; A review of scope and costs for the Swedish system for management of nuclear waste. The four last reports are separately indexed

Institutional innovations required for widespread use of nuclear power

International Nuclear Information System (INIS)

Johnson, W.R.

1992-01-01

The social and economic benefits of additional electrical generating capacity in lesser developed countries are unquestioned, and a case can be made from economic and environmental considerations that much of this capacity should be nuclear powered. Obstacles to the introduction of nuclear power in the developing world include lack of a technical infrastructure and capital cost. Manpower shortage also detracts from a country's ability to effectively regulate a nuclear power enterprise. Two variations on the traditional institutional methods for supplying and regulating nuclear electric power are proposed. The first would be independent international companies that would design, finance, build, operate and maintain nuclear power stations, and sell electricity to local systems. The second would be an international safety regulatory system that could offer uniform, effective regulations and enforcement of the entire nuclear power enterprise at a level consistent with accepted world standards. These proposals coupled with the modular Advanced Liquid Metal Reactor based on Integral Fast Reactor technology would make possible a safe, economically feasible nuclear power operation that could be located anywhere in the world. (author). 7 refs

Nuclear power proliferation

International Nuclear Information System (INIS)

Johnson, B.

1977-01-01

The nuclear industry is experiencing a multiple crisis in which economic, technical and ethical aspects are blended inextricably. Nuclear hardware costs have everywhere soared far beyond inflation in the last five years, largely as a result of delays in programme completion arising from problems of reactor and fuel cycle. Meanwhile, partly as a result of this cost escalation, there is widespread and growing doubt as to whether capital will be available to finance the electricity generating levels projected by the industry and by governments for the 1990s. The nuclear industry is now in trouble at every stage of the fuel cycle. The industry's difficulties have also revealed a lack of overall - but particularly nuclear - energy strategy at either national or international levels, and a lack of will to create regulations and institutional machinery at either of these levels which might reassure both concerned publics and the energy industries themselves. This paper appraises some of the present limitations of international institutions in achieving control and management of nuclear power. (author)

Construction permit of nuclear power plants in case of leasing

International Nuclear Information System (INIS)

Anon.

1983-01-01

Guiding lines (unofficial): 1. A leasing company can be founded to finance and to operate a nuclear power plant. 2. The leasing company does not require a license according to section 7 of the Atomic Energy Act, for it neither constructs nor posesses the nuclear power plant. 3. This also applies if the proprietor, and later on operator, of the nuclear power plant holds an interest in this leasing company as a shareholder. Section 7, and 19 subsection 3 of the Atomic Energy Act. Higher Administrative Court of Rhineland Palatinate, Decision of July 20sup(th), 1982. (orig.) [de

The nuclear power electricity an opportunity for Mexico. Final report

International Nuclear Information System (INIS)

Fernandez de la Garza, R.; Garcia, C. F.; Trejo R, S.; Zazueta R, T.; Castaneda G, M. A.; Cruz B, H. J.; Mercado V, J. J.

2009-01-01

Inside this document the outstanding information is presented included in the report that develops the technical, financial, environmental and social aspects to consider for the incorporation from a new power plant to the national interconnected system, which was elaborated and presented to the nuclear power plant of Laguna Verde in August of 2009. The treated topics are: the nuclear power electricity, the experience of Laguna Verde, advanced reactors to consider for a new nuclear power plant, environmental aspects, costs of a new nuclear power plant, financing, socioeconomic impact. This work was prepared to evaluate the feasibility of building a new unit of nuclear power plant in Mexico before the evident resurgence at world level of use of nuclear energy to generate electricity. It is important that Mexico maintains inside its development programs and construction, to the nuclear power electricity like a viable and sure alternative of generating electricity, being able to take advantage of experience won with the operation of Laguna Verde, allowing that the country has diverse technologies for electricity generation and have technical capacity to manage the tip technology. (Author)

ELMIA Energy and Future 88. Conference E5. Nuclear power phaseout and storage of nuclear waste

International Nuclear Information System (INIS)

1988-01-01

The conference comprised lectures on the following subjects: - How to maintain availability, quality and safety during the phaseout period to the year 2010. - Demolition of nuclear power plants. - Storage of nuclear waste. - Estimate of risks in a long perspective. - Financing of the phaseout. Separate abstracts were prepared for four sections of this report. (O.S.)

Financing nuclear programmes in developing countries

International Nuclear Information System (INIS)

McKenzie, N.C.

1977-01-01

The paper discusses the following topics: The implications for a developing nation's economy of acquiring nuclear plants with the attendant high capital cost but low operating cost; political factors and safeguards provisions; turnkey versus non-turnkey contracts; spreading exchange and other risks through multi-national consortia; maximizing local content; cash flow considerations; availability of aid or other direct government to government loans; packaging of export finance from different countries; downpayments and local costs; Eurodollar markets, bank syndications and bond issues, domestic markets; available security, central bank or government guarantees; special considerations, barter deals, leasing; and finance for the fuel cycle. (author)

Financing nuclear programmes in developing countries

International Nuclear Information System (INIS)

McKenzie, N.C.

1977-01-01

The following topics are discussed: the implications for a developing nation's economy of acquiring nuclear plants with the attendant high capital cost but low operating cost; political factors and safeguards provisions; turnkey versus non-turnkey contracts; spreading exchange and other risks through multi-national consortia; maximising local content; cash flow considerations; availability of aid or other direct government to government loans; packaging of export finance from different countries; downpayments and local costs; eurodollar markets, bank syndications and bond issues, and domestic markets; available security, central bank or government guarantees; special considerations, barter deals, leasing, and finance for the fuel cycle

Regional comparison of nuclear and fossil electric power generation costs

International Nuclear Information System (INIS)

Bowers, H.I.

1984-01-01

Nuclear's main disadvantages are its high capital investment cost and uncertainty in schedule compared with alternatives. Nuclear plant costs continue to rise whereas coal plant investment costs are staying relative steady. Based on average experience, nuclear capital investment costs are nearly double those of coal-fired generation plants. The capital investment cost disadvantage of nuclear is balanced by its fuel cost advantages. New base load nuclear power plants were projected to be competitive with coal-fired plants in most regions of the country. Nuclear power costs wre projected to be significantly less (10% or more) than coal-fired power costs in the South Atlantic region. Coal-fired plants were projected to have a significant economic advantage over nuclear plants in the Central and North Central regions. In the remaining seven regions, the levelized cost of power from either option was projected to be within 10%. Uncertainties in future costs of materials, services, and financing affect the relative economics of the nuclear and coal options significantly. 10 figures

Financing the management of wastes generated by the Swiss nuclear power plants

International Nuclear Information System (INIS)

Baumgartner, K.; Enderli, P.

1996-01-01

Since the beginning of nuclear power production in Switzerland, expenditure on managing operational waste and spent fuel has represented a fixed component of the kilowatt hour production costs which is calculated on the basis of careful estimates of waste management costs. For making these estimates, the operators of the nuclear power plants at Beznau, Muehleberg, Goesgen and Leibstadt rely on calculations performed by recognised nuclear fuel specialists and on data and empirical values from domestic and foreign waste management organisations. The calculations are subject to periodic review and, where necessary, take into account new information. The last review was concluded at the beginning of 1996. (author) 1 fig

Nuclear power plant functions: overview, maintenance, design practices, training

International Nuclear Information System (INIS)

Gray, J.

1984-01-01

The author gives a history of the nuclear industry in the US beginning with the Atoms for Peace Proposal in 1954 and summarizes the nuclear industry's importance in the realm of electric power production today. The primary problems facing the domestic nuclear industry are identified as the lengthening schedules for plant licensing and construction, and the associated uncertainty in plant costs and difficulty in financing, and the erosion of public confidence. Views on technological approaches to the future of nuclear power and the role regulation will play in the future as a fundamental force are discusses in the paper. Also discussed are the importance of standardization of advanced reactor designs and quality assurance

Finance considerations relating to power station construction from the viewpoint of a European banker

International Nuclear Information System (INIS)

Junker, H.J.

1990-01-01

The energy industry in the European Community is outlined in brief in the first section. It includes a description of the structure and organization of the various companies operating power stations, featuring such keywords as centralized-decentralized and shareholding. The general considerations of the banking sector are then dealt with. From the banker's point of view, the risk factor of a loan depends on whether the load is to be used for the financing of a brand new power station based either on fossil fuels, nuclear power or alternative sources of energy or whether the load is to be used for modernization purposes. In this respect the credit rating of the borrower, including shareholders, profitability, capital investment volume in relation to company size, project risk and methods of furnishing security shall be discussed. Having dealt with these basic questions, the specific factors relating to financing for modernization purposes are examined. A distinction must be made between voluntary and mandatory modernization measures. The assessment of modernization required by law is generally based on whether the mandatory standards an be fulfilled by investing the least possible expenditure. On the other hand, the banker assesses voluntary modernization mainly in light of the resulting effects on the financial standing of the borrower. If satisfactory results are achieved from the examination of these points, the question of security must be considered when evaluating the residual exposure. All considerations culminate in the selection of the appropriate form of financing. In addition to the traditional bank loan and project financing, government support and special forms of financing are also discussed

The Role of Export Credit Agencies in the Financing of Nuclear Power Projects. Appendix

International Nuclear Information System (INIS)

2017-01-01

Nuclear new build projects are very particular investment proposals, which are unlikely to be undertaken on a straightforward economic basis by equity shareholders and by lenders. This is due to, inter alia, their extended life cycles, their very long term underlying commitments vis-à-vis waste management and decommissioning, the evolving nature of their risk management and the magnitude of their financing requirements. In addition, other factors also apply, all implying a degree of political involvement that makes the investment case even more complicated. As a result of the recent financial and economic crisis, the availability of sizable budgets from public sector players for long term investments in NPPs has been under stress in various parts of the world for a number of years now, and the situation is unlikely to change dramatically in the near future with many State budgets in need of rebalancing, particularly in Europe. The capacity of private sector stakeholders to take over the responsibility for funding such investments has also been challenged following the impact of, inter alia, the liquidity crunch on banks’ funding strategies in Europe during summer 2011, the recent macroeconomic policies on leverage, or the latest regulation that, ultimately, tends to re-direct the banks’ debt lending activities towards transactions requiring financing with shorter maturities. Within this context and among the range of financing instruments that are available and that offer long term maturities, export finance remains a tool of reference for various stakeholders, including the providers (e.g. sellers) of equipment and services and the lending banks. Furthermore, the characteristics of this product make it also perfectly compatible with the requirements of the financing plans typically put in place to fund large, capital intensive investments in infrastructure, such as NPPs.

NPP Cernavoda Unit 2 Financing Completion Works

International Nuclear Information System (INIS)

Chirica, T.; Stefanescu, A.; Constantin, C.; Dobrin, M.

2002-01-01

NPP Cernavoda Unit 2 completion is the highest priority of the Romanian power sector strategy. The nuclear energy represents, through its technological features of adopted solution (a CANDU nuclear power plant) and also through technological and economical performance indicators, the best solution to fulfill the demands concerning the sustainable development and the electricity request. The guidelines of energy strategy regarding the nuclear sector development in Romania are framing in the general policy for energy system development at least costs and they are responding to requests concerning the environment and people protection. The paper presents the financing alternatives for Unit 2 completion works taking into consideration the financing market conditions. The paper presents the impact of the financing conditions on the project efficiency, as well as the facilities offered by the Romanian Government in order to support this project. (author)

Financing and insurance problems

International Nuclear Information System (INIS)

Laurenge, M.-T.

1975-01-01

The author analyses the papers presented at the Paris Conference on the maturity of nuclear energy. It is evident that financing possibilities will be a determinant factor in the rate of development of nuclear power during the years to come. After having evaluated the capital requirements necessitated for the development of nuclear programmes, the parties intervening have examined the means at the disposal of electricity manufacturers to meet these needs (self-financing, recourse to external financing, regrouping, on an international scale of the electricity manufacturers of the setting up of high capacity plants). As concerns the insurance problems, they are becoming more and more involved as nuclear applications, are further diversified and intensified. The parties intervening have discussed new tarification techniques likely to be applied and pointed out the possibilities offered by regrouping or pooling of insurers (Market Pool) which allow for a maximum of risks to be covered without exceeding the means proper to each company concerned [fr

Power project financing in the People's Republic of China

International Nuclear Information System (INIS)

Gomm, R.

1998-01-01

The current state of financing and security issues which in the past have constrained the amount of foreign investment and project financing in the electric power market in the Peoples Republic of China (PRC) are reviewed. Past impediments to foreign investment and financing of power projects revolved around the rate of return on investment, the difficulties of obtaining project approvals, conflict of interest issues wherein the Chinese power bureau could act in its interest as a contracted party rather than for the joint venture as an equity investor, and currency convertibility. Recent developments such as the new security law, the new electricity law, and new project financing regulations represent major improvements, but foreign investment and financing is still much less than originally anticipated, the potential of the PRC power market for foreign investments notwithstanding. (For example, in 1997, 13,500 MW of new generation capacity was added to the Chinese grid system. This increased the total installed capacity to 250,000 MW, making China the second largest installed capacity in the world.) Recent trends in the market and the likely future of foreign investment in the PRC are also discussed, the conclusion being that although the size of the IPP and project finance market in China is probably smaller than originally hoped, a sufficient proportion of new generation capacity has been allocated to foreign investors to ensure a steady stream of investment opportunities

Financing future exports of Canada's electrical power equipment industry

International Nuclear Information System (INIS)

Hay, K.A.J.; Saravanamuttoo, C.A.

1992-01-01

The economic impact on the Canadian power sector of continued constraints on the availability of concessionary export financing is examined. An overview of the structure of the Canadian electrical power equipment industry is provided, followed by a discussion of its competitiveness and performance. Export prospects are outlined and separate reviews are presented of hydroelectric and thermal expansion. A global market of US $17 billion for hydroelectric power in the 1990s is forecast, and a market of US $300 billion for all forms of power generation in developing Asia. The export strategies of international competitive bidding, forming a consortium within an international multinational enterprise, co-financing with Japanese aid agencies, and direct negotiation are discussed. The costs and benefits of concessional financing are assessed and shown to bring net fiscal benefits. 12 refs., 2 tabs

From Streams to Lumps: Transforming Long-Term Incentives into Up-Front Financing for New Nuclear Construction

International Nuclear Information System (INIS)

George, Glenn R.

2006-01-01

The Energy Policy Act of 2005 is an important development in the financing of new nuclear capacity in the near- to mid-term in the U.S.A. Key features of the Act, including production tax credits, loan guarantees, funding support, and 'standby support', are intended to provide significant incentives for new nuclear development, construction, and operation. There is a mismatch, however, between the nature and extent of incentives being offered and what is needed to spur nuclear plant deployment in light of power market uncertainty, utility investor wariness, and the need to raise significant capital before a nuclear construction project can be launched. In this paper, the author addresses these issues through the lens of financial tools and techniques. The paper considers various ways in which long-term streams of subsidies can be transformed into up-front financing for new nuclear capacity. Securing and related financial structures are among the mechanisms considered for potentially bridging the temporal gap between flows of financial benefits conferred legislatively and lumps of capital required by developers and investors in advance of a construction program. (authors)

Methodology for cost estimate in projects for nuclear power plants decommissioning

International Nuclear Information System (INIS)

Salij, L.M.

2008-01-01

The conceptual approaches to cost estimating of nuclear power plants units decommissioning projects were determined. The international experience and national legislative and regulatory basis were analyzed. The possible decommissioning project cost classification was given. It was shown the role of project costs of nuclear power plant units decommissioning as the most important criterion for the main project decisions. The technical and economic estimation of deductions to common-branch fund of decommissioning projects financing was substantiated

Structuring and financing new nuclear power plant projects in Europe: selected remarks

International Nuclear Information System (INIS)

Belchev, A.

2004-01-01

Project financing in the field of nuclear energy is discussed taking into account the changes and new challenges in Europe. Bringing a project to maturity under 'revised' assumptions is likely to be a complex task for all parties involved, but there is a real potential for an enhanced role for stake holders from the private sector. There is a more realistic understanding about how the public and the private sectors can work together. Successfully combining public and private, national and foreign stake holders is likely to be a critical factor of success. The alignment of interest over the long term best serves a projects business case. In that context, a Governments policies are increasingly under the spotlight

The Role of Nuclear Power for Sustainable Development: Assessment of Nuclear Power's Contribution to National Economic Development

International Nuclear Information System (INIS)

Min, B. J.; Lee, M. K.; Ahn, S. K.

2008-04-01

The study begins with a short review of nuclear power development in Korea within the overall reference energy system. It then explores changing circumstances, present energy balances and ultimately the needs underpinning future electricity requirements. The major part of the study uses a model-based approach to analyze and quantify economic linkages between nuclear technologies and other economic sectors, and to assess various techno-economic futures that include nuclear generation for the Korean power sector, exploring for each future scenario the optimal electricity supply mix. The results of the analysis represents that the nuclear industry in the Republic of Korea has already made strong contributions to the growth of the country. It has been an integral part of the country's economic development, evolving from an import- to an export-oriented industry, providing spin-offs to Korean technological innovation as well as to socio-economic development such as infrastructure and education. Furthermore, the study provides some meaningful suggestions and recommendations in order to make sound decisions for sustainable energy policy and strategies, in particular for achieving a balance in nuclear power development and socio-economic development consistent with sustainable energy development goals. In general, these reflect the increasing national (public and private) participation in the nuclear industry. Specifically, the study identifies the nuclear relevant strategies in four dimensions: innovative nuclear technology development, nuclear human resource development and management (HRD and M), investment and financing of the nuclear technology and enhancement of institutional framework

Three essential management processes of nuclear power plant operators

International Nuclear Information System (INIS)

Qi Tunfeng

2010-01-01

The paper takes the operation and management of Qinshan NPP Phase II as an example, focusing on the implementation of the essential process from the following three aspects the NPP production organization, training, examination and authorization for safety-related personnel, and financing budge management. A better understanding and implementation of the essential process will enable nuclear power plants to effectively control the nuclear safety from the most fundamental managerial level. (author)

Small and medium-sized nuclear power plants

International Nuclear Information System (INIS)

Schmidt, R.

1986-01-01

Small and medium-sized nuclear power plants have long been under discussion as possible applications of nuclear power in countries with small transmission grid systems, in threshold countries and developing countries, and under special local supply conditions. IAEA has condensed and promoted this interest and tried to establish the demand, and possibilities of meeting it, in special events and campaigns. In recent years, considerable interest was registered even in industrialized countries, but here specially for heating and process heat generation applications and for special purposes and, in medium-sized units, also for combined supplies of electricity and heat. This corresponds to special reactor and plant concepts, some of which have already been developed to a stage at which construction work could begin. The analysis presented deals with necessary preconditions on the sides of the users and the vendors, with problems of economy, infrastructure and financing and with the market prospects of small nuclear power plants. (orig./HP) [de

Moving targets. Economic competitiveness of nuclear power

International Nuclear Information System (INIS)

Rogner, H.H.; Langlois, L.

2000-01-01

Most world electricity markets are now moving towards greater competition, driven in part by technology, low fuel prices, and experience that competitive markets are more self-sustaining. Electric power is being sold in a number of markets in member countries of the Organization for Economic Cooperation and Development (OECD) for around US $0.02 per kilowatt-hour (kWh). Can nuclear generation match such prices? If not, can it be made to do so? Electricity companies are now in the business of selling a commodity (kWh) and commercial services instead of a strategic good. Excess capacity, low demand growth and lower product prices in major industrialized countries have forced power generators and their suppliers to be more concerned with the costs of their operations and profitability of their investments. These companies increasingly need a commercial, profit-oriented approach if they are to survive and prosper. Even more, they will need to make substantial cost reductions over the next few years. The nuclear industry is no exception. How does nuclear power stack up in this environment? The IAEA Planning and Economic Studies Section is doing a series of studies on precisely these questions, divided into issues affecting the near, medium and long-term future of nuclear power. This corresponds roughly to matters affecting existing plants, upgrades and life extensions, or new plants. In general, the studies find that nuclear power has the potential to be competitive in all three markets. But realizing that potential will require significant changes on the part of the industry and its regulators. This article focuses on the prevailing market situation in many industrialized countries. Several lessons also are applicable to developing countries, particularly in cases where the financing of electric power projects is expected to come from international capital markets. The overall situation is distinctly different for developing countries. Typically the capacity there for

Decommissioning of nuclear installations - regulations - financing - responsibility - insurance

International Nuclear Information System (INIS)

Hubert, E.H.; Andersson, C.; Deprimoz, J.; Mayoux, J.C.; Richard, M.; Sartorelli, C.; Nocera, F.

1983-01-01

This paper highlights three aspects of decommissioning of nuclear installations which relate, more or less directly, to legal options already applied or advocated. It reviews the regulatory conditions for decommissioning a nuclear installation and indicates legal provisions for financing decommissioning expenditures. It also describes the legal provisions to determine liabilities in case of nuclear damage and the assistance which insurers may provide to cover the consequences of such liabilities. (NEA) [fr

Who? What? Why? Wind power and the finance industry

International Nuclear Information System (INIS)

Rave, K.

1999-01-01

This article focuses on the financing of wind energy projects and examines worldwide energy markets. Questioning raised include who invests in energy project and seeks financing; where is the project to be sited and under what legal background the investment is to be made; and how much power can be generated and the effect of this on the proposal feasibility. The provision of a stable basis for financing, the probable integration of wind power into energy services, the use of wind energy to supply the carbon dioxide reductions obligations, and the opportunities for financial services are discussed

Nigeria nuclear power generation programme: Suggested way forward

International Nuclear Information System (INIS)

Adesanmi, C.A.

2007-01-01

It has now been established worldwide that nuclear power generation is needed to meet growing energy demands. The gases emitted from fossil fuel have serious adverse effects on the environment. The message from the 50th Annual General Conference of the International Atomic Energy Agency (IAEA) held in Vienna, September 2006 was very clear on this issue. There was a unanimous support for more nuclear power generation to meet the world energy demand. All the member states that can afford the nuclear power technology and willing to abide by the international regulations and safeguards were encouraged to do so. The requirements to participate in the nuclear power generation programme are political will and organized diplomacy, legislative and statutory framework, international safety obligations, institutional framework, public acceptability, capacity building and technology transfer, environmental concern , waste management and financing. Nigeria's performance on all the criteria was evaluated and found satisfactory. All these coupled with Nigeria's dire need for more power and better energy mix, are sufficient and undisputable reasons for the whole world to support Nigeria nuclear power generation programme. Definitely the programme poses serious challenges to the Nigerian Physicists. Therefore, Departments of Physics should endeavour to include nuclear physics option in their programme and work in collaboration with the faculty of Engineering in their various tertiary institutions in order to attain the necessary critical human capacity that will be needed to man the nuclear power industry within the next 10 years

Economic aspects of the social rehabilitation of nuclear power

International Nuclear Information System (INIS)

Gitel'man, L.D.; Ratnikov, B.E.

1992-01-01

This article highlights the state of affairs regarding nuclear power in Russia at this time in the post-Chernobyl era. environmentalists and others are leveling criticisms at nuclear power stating that nuclear plants should be shutdown and preservation can offset the demands for electricity. The authors are advised to examine a new consensus for developing nuclear power, which could form the basis of a new program of social rehabilitation, and not a singular rejection of constructing new nuclear power plants. Public acceptance of nuclear power can be obtained only by resolving contradictions and by harmonizing the interests of all social groups and of all subjects of economic relationships, which in one way or another are connected to the financing and functioning of nuclear power plants (the local population, personnel, energy users, regional energy organizations, and local government). A strategy oriented to overall acceptance of nuclear power should consider intra area factors and also external economic environments: the choice of nuclear power plant location on the basis of careful and independent expertise with the use of rigid social-economic criteria and a sharp increase in the attention to human factors. Important features in changes in the economic environments are the transition to a marketplace economy, the reorientation of budget expenditures to social goals, and the expansion of regional economic independence. This requires a significant strengthening of the regional control of electrification and the creation of corresponding economic mechanisms

Quantifying the social costs of nuclear energy: Perceived risk of accident at nuclear power plants

International Nuclear Information System (INIS)

Huhtala, Anni; Remes, Piia

2017-01-01

The preferences expressed in voting on nuclear reactor licenses and the risk perceptions of citizens provide insights into social costs of nuclear power and decision making in energy policy. We show analytically that these costs consist of disutility caused by unnecessary anxiety - due to misperceived risks relating to existing reactors - and where licenses for new nuclear reactors are not granted, delayed or totally lost energy production. Empirical evidence is derived from Finnish surveys eliciting explicitly the importance of risk perceptions on preferences regarding nuclear power and its environmental and economic impacts. We show that the estimated marginal impact of a high perceived risk of nuclear accident is statistically significant and that such a perception considerably decreases the probability of a person supporting nuclear power. This result holds across a number of robustness checks including an instrumental variable estimation and a model validation by observed voting behavior of the members of Parliament. The public's risk perceptions translate into a significant social cost, and are likely to affect the revenues, costs and financing conditions in the nuclear power sector in the future. - Highlights: • Survey on preferences regarding nuclear power and its environmental and economic impacts utilized. • A high perceived risk of nuclear accident decreases support for nuclear power. • The public's risk perceptions translate into a significant social cost.

Nuclear fuel financing

International Nuclear Information System (INIS)

Lurf, G.

1975-01-01

Fuel financing is only at its beginning. A logical way of developing financing model is a step by step method starting with the financing of pre-payments. The second step will be financing of natural uranium and enrichment services to the point where the finished fuel elements are delivered to the reactor operator. The third step should be the financing of fuel elements during the time the elements are inserted in the reactor. (orig.) [de

Ethics on the TEPCO bankruptcy, nuclear power plants and regulatory reform in the electric power industry

International Nuclear Information System (INIS)

Koga, Shigeaki

2013-01-01

Although regulatory reform in the electric power industry had been considered as part of social system reform like in the finance and communications to liberalize the market, there still continued to exist regional monopoly, integrated system for power generation, transmission and distribution, and lack of competition. The Fukushima accident showed such electric power system was unethical as social system compared to ordinary industries, because electric power company getting profit could not be prepared for nuclear damage liability and would burden third unrelated parties with risk. Electric power company should be forced to insure nuclear power plants for nuclear accidents. Otherwise restart of nuclear power plant operation should not be allowed. Nuclear power had been justified to be entitled grant or subsidy from the government for public good, which would be unfair to people. This article presented speeding-up scheme of Fukushima accident treatment leading to TEPCO bankruptcy and discussed measures against concerns or comments about bankruptcy procedures, major part of which might be mitigation of fund-raising fear by government support. At the proceeding of bankruptcy procedure including spinning off of separate companies, regulatory reform in the electric power industry could be taken in advanced. (T. Tanaka)

Potential for sharing nuclear power infrastructure between countries

International Nuclear Information System (INIS)

2006-10-01

The introduction or expansion of a nuclear power programme in a country and its successful execution is largely dependent on the network of national infrastructure, covering a wide range of activities and capabilities. The infrastructure areas include legal framework, safety and environmental regulatory bodies, international agreements, physical facilities, finance, education, training, human resources and public information and acceptance. The wide extent of infrastructure needs require an investment that can be too large or onerous for the national economy. The burden of infrastructure can be reduced significantly if a country forms a sharing partnership with other countries. The sharing can be at regional or at multinational level. It can include physical facilities, common programmes and knowledge, which will reflect in economic benefits. The sharing can also contribute in a significant manner to harmonization of codes and standards in general and regulatory framework in particular. The opportunities and potential of sharing nuclear power infrastructure is determined by the objectives, strategy and scenario of the national nuclear power programme. A review of individual infrastructure items shows that there are several opportunities for sharing of nuclear power infrastructure between countries if they cooperate with each other. International cooperation and sharing of nuclear power infrastructure are not new. This publication provides criteria and guidance for analyzing and identifying the potential for sharing of nuclear power infrastructure during the stages of nuclear power project life cycle. The target users are decision makers, advisers and senior managers in utilities, industrial organizations, regulatory bodies and governmental organizations in countries adopting or extending nuclear power programmes. This publication was produced within the IAEA programme directed to increase the capability of Member States to plan and implement nuclear power

Building infrastructure for new nuclear power programmes

International Nuclear Information System (INIS)

Starz, A.; Aoki, M.

2010-01-01

Union members which already have some experience with research reactors and other facilities; others have little experience in the field. The issues faced by the newcomers in Europe are similar to those faced by countries in other regions: public support for nuclear power, development of human resources, and establishment of a national strategy, including for waste management. European countries, especially those in the EU, may have an advantage of having countries in the neighbourhood with nuclear power experience, and cross-border operations of utilities. The high level of political and economic integration in the region may also foster regional approaches to financing and operating nuclear power plants and related facilities. (authors)

Non-Power Purchase Agreement (PPA) Options for Financing Solar Deployment at Universities

Energy Technology Data Exchange (ETDEWEB)

2016-10-01

Financing solar using power purchase agreements (PPAs) has facilitated solar deployment of more than 100 megawatts (MW) at universities--as compared to 50 MW facilitated by financing models not using PPAs. This brochure, which overviews existing financing models and funding mechanisms available for solar procurement, focuses on non-PPA financing models. For more information on solar deployment at universities using PPAs, refer to Using Power Purchase Agreements for Solar Deployment at Universities.

Climate Change and Nuclear Power 2015

International Nuclear Information System (INIS)

2015-09-01

Climate change is one of the most important environmental challenges facing the world today. Nuclear power can make a significant contribution to reducing greenhouse gas emissions while delivering energy in the increasingly large quantities needed for growing populations and socioeconomic development. Nuclear power plants produce virtually no greenhouse gas emissions or air pollutants during their operation and only very low emissions over their entire life cycle. Nuclear power fosters energy supply security and industrial development by providing electricity reliably at stable and foreseeable prices. The accident at the Fukushima Daiichi nuclear power plant in March 2011 caused deep public anxiety and raised fundamental questions about the future of nuclear energy throughout the world. Yet, more than four years after the accident, it is clear that nuclear energy will remain an important option for many countries. Its advantages in terms of climate change mitigation are an important reason why many countries intend to introduce nuclear power in the coming decades, or to expand existing programmes. All countries have the right to use nuclear technology for peaceful purposes, as well as the responsibility to do so safely and securely. The IAEA provides assistance and information to countries that wish to introduce nuclear power. It also provides information for broader audiences engaged in energy, environmental and economic policy making. This report provides a comprehensive review of the potential role of nuclear power in mitigating global climate change and its contribution to other economic, energy and environmental challenges. The report also examines broader issues relevant to the climate change–nuclear energy nexus, such as costs, investments, financing, safety, waste management and non-proliferation. Recent developments in electricity generation and distribution technologies and their impacts on nuclear power are also presented. This edition has been

Climate Change and Nuclear Power 2014

Energy Technology Data Exchange (ETDEWEB)

NONE

2014-10-15

Climate change is the foremost global environmental issue today. Nuclear power is one of the low carbon technologies that can contribute to reducing greenhouse gas emissions while delivering energy in the increasingly large quantities needed for growing populations and socioeconomic development. Nuclear power plants produce virtually no greenhouse gas emissions or air pollutants during their operation and only very low emissions over their entire life cycle. Nuclear power fosters energy supply security and industrial development by providing electricity reliably at stable and foreseeable prices. The accident at the Fukushima Daiichi nuclear power plant in March 2011 caused deep public anxiety and raised fundamental questions about the future of nuclear energy throughout the world. It was a wake-up call for everyone involved in nuclear power — a reminder that safety can never be taken for granted. Yet, more than three years after the accident, it is clear that nuclear energy will remain an important option for many countries. Its advantages in terms of climate change mitigation are an important reason why many countries intend to introduce nuclear power in the coming decades, or to expand existing programmes. All countries have the right to use nuclear technology for peaceful purposes, as well as the responsibility to do so safely and securely. The IAEA provides assistance and information to countries that wish to introduce nuclear power. It also provides information for broader audiences engaged in energy, environmental and economic policy making. This report provides a comprehensive review of the potential role of nuclear power in mitigating global climate change and its contribution to other development and environmental challenges. The report also examines broader issues relevant to the climate change–nuclear energy nexus, such as costs, investments, financing, safety, waste management and non-proliferation. Recent developments in resource supply, changes in

Climate Change and Nuclear Power 2016

International Nuclear Information System (INIS)

2016-09-01

Climate change is one of the most important environmental challenges facing the world today. Nuclear power can make a significant contribution to reducing greenhouse gas (GHG) emissions while delivering energy in the increasingly large quantities needed for the socioeconomic well-being of a growing population. Nuclear power plants produce virtually no GHG emissions or air pollutants during their operation and only very low emissions over their entire life cycle. Nuclear power fosters energy supply security and industrial development by providing electricity reliably and at stable and predictable prices. The accident at the Fukushima Daiichi nuclear power plant in March 2011 caused deep public anxiety and raised fundamental questions about the future of nuclear energy throughout the world. Yet, more than five years after the accident, it is clear that nuclear energy will remain an important option for many countries. Its advantages in terms of climate change mitigation are an important reason why many countries intend to introduce nuclear power in the coming decades, or to expand existing programmes. All countries have the right to use nuclear technology for peaceful purposes, as well as the responsibility to do so safely and securely. The IAEA provides assistance and information to countries that wish to introduce nuclear power. It also provides information for broader audiences engaged in energy, environmental and economic policy making. This publication provides a comprehensive review of the potential role of nuclear power in mitigating global climate change and its contribution to other economic, environmental and social sustainability challenges. The report also examines broader issues relevant to the climate change–nuclear energy nexus, such as costs, financing, safety, waste management and non-proliferation. Recent and future trends in the increasing share of renewables in overall electricity generation and its effect on nuclear power are also presented

Climate Change and Nuclear Power 2014

International Nuclear Information System (INIS)

2014-10-01

Climate change is the foremost global environmental issue today. Nuclear power is one of the low carbon technologies that can contribute to reducing greenhouse gas emissions while delivering energy in the increasingly large quantities needed for growing populations and socioeconomic development. Nuclear power plants produce virtually no greenhouse gas emissions or air pollutants during their operation and only very low emissions over their entire life cycle. Nuclear power fosters energy supply security and industrial development by providing electricity reliably at stable and foreseeable prices. The accident at the Fukushima Daiichi nuclear power plant in March 2011 caused deep public anxiety and raised fundamental questions about the future of nuclear energy throughout the world. It was a wake-up call for everyone involved in nuclear power — a reminder that safety can never be taken for granted. Yet, more than three years after the accident, it is clear that nuclear energy will remain an important option for many countries. Its advantages in terms of climate change mitigation are an important reason why many countries intend to introduce nuclear power in the coming decades, or to expand existing programmes. All countries have the right to use nuclear technology for peaceful purposes, as well as the responsibility to do so safely and securely. The IAEA provides assistance and information to countries that wish to introduce nuclear power. It also provides information for broader audiences engaged in energy, environmental and economic policy making. This report provides a comprehensive review of the potential role of nuclear power in mitigating global climate change and its contribution to other development and environmental challenges. The report also examines broader issues relevant to the climate change–nuclear energy nexus, such as costs, investments, financing, safety, waste management and non-proliferation. Recent developments in resource supply, changes in

Financing Strategies For A Nuclear Fuel Cycle Facility

International Nuclear Information System (INIS)

David Shropshire; Sharon Chandler

2006-01-01

To help meet the nation's energy needs, recycling of partially used nuclear fuel is required to close the nuclear fuel cycle, but implementing this step will require considerable investment. This report evaluates financing scenarios for integrating recycling facilities into the nuclear fuel cycle. A range of options from fully government owned to fully private owned were evaluated using DPL (Decision Programming Language 6.0), which can systematically optimize outcomes based on user-defined criteria (e.g., lowest lifecycle cost, lowest unit cost). This evaluation concludes that the lowest unit costs and lifetime costs are found for a fully government-owned financing strategy, due to government forgiveness of debt as sunk costs. However, this does not mean that the facilities should necessarily be constructed and operated by the government. The costs for hybrid combinations of public and private (commercial) financed options can compete under some circumstances with the costs of the government option. This analysis shows that commercial operations have potential to be economical, but there is presently no incentive for private industry involvement. The Nuclear Waste Policy Act (NWPA) currently establishes government ownership of partially used commercial nuclear fuel. In addition, the recently announced Global Nuclear Energy Partnership (GNEP) suggests fuels from several countries will be recycled in the United States as part of an international governmental agreement; this also assumes government ownership. Overwhelmingly, uncertainty in annual facility capacity led to the greatest variations in unit costs necessary for recovery of operating and capital expenditures; the ability to determine annual capacity will be a driving factor in setting unit costs. For private ventures, the costs of capital, especially equity interest rates, dominate the balance sheet; and the annual operating costs, forgiveness of debt, and overnight costs dominate the costs computed for the

Cost escalation in nuclear power

International Nuclear Information System (INIS)

Montomery, W.D.; Quirk, J.P.

1978-01-01

This report is concerned with the escalation of capital costs of nuclear central station power plants between the early 1960s and the present. The report presents an historical overview of the development of the nuclear power industry and cost escalation in the industry, using existing data on orders and capital costs. New data are presented on regulatory delays in the licensing process, derived from a concurrent study being carried on in the Social Science group at Caltech. The conclusions of the study are that nuclear capital costs have escalated more rapidly than the GNP deflator or the construction industry price index. Prior to 1970, cost increases are related to bottleneck problems in the nuclear construction and supplying industries and the regulatory process; intervenors play only a minor role in cost escalation. After 1970, generic changes introduced into the licensing process by intervenors (including environmental impact reviews, antitrust reviews, more stringent safety standards) dominate the cost escalation picture, with bottlenecks of secondary importance. Recent increases in the time from application for a construction permit to commercial operation are related not only to intervenor actions, but also to suspensions, cancellations or postponements of construction by utilities due to unfavorable demand or financing conditions

Belene nuclear power plant contracting approach

International Nuclear Information System (INIS)

Tankosic, D.; Mignone, O.

2004-01-01

Historically, three main types of project execution and contractual approaches have been applied to energy and industrial projects, including nuclear projects. These approaches are grouped into three broad categories: 1) Turnkey Approach; 2) Split Package (Island) Approach; and 3)Multiple Package Approach. Based on a preliminary screening done by an ongoing feasibility study work for NPP Belene (NEK contract to Parsons E and C), the recommended approach is going to follow that general trend i.e., with some variation between the Split Package and the Turnkey approach. Before deciding on an execution approach or at least before issuing bid specifications for the nuclear power plant, it is prudent, even for a country with existing nuclear power program (like Bulgaria), to re-check/verify capabilities of the interested bidders to handle contracts of this size and nature. During the last decades, nuclear energy went through a substantial restructuring and most of the capabilities (human and financial) that existed before are not any more available. This re-checking should mainly cover the experience of the bidders as regards the design, construction and operation of the stations where they were involved, but also include items such as local experience, capability to bring favorable financing, liability coverage, general background, potential and organizational structures. The advantages and disadvantages for the Owner of the three contracting approaches can be briefly summarized as follows: Turnkey Approach - main advantages: all responsibilities rest in a Contractor or Consortium. Main disadvantages - limited project control by Owner and restricted local participation. For Split Package Contract Approach main advantage are more favorable financing conditions and increased local participation. Main disadvantage is the increased interface problems. For Multiple package Contract Approach main advantages are the opportunity to tailor the plant and maximum increase of local

Prospects for utilization of nuclear power in Africa

Energy Technology Data Exchange (ETDEWEB)

Polliart, A -J; Goodman, E [International Atomic Energy Agency, Division of Nuclear Power and Reactors, Vienna (Austria)

1976-02-15

Electric energy plays a key role in developing the infrastructure of countries all over the world, and increase in consumption of electricity is a definite indicator of economic development. Although there is no nuclear power plant in Africa yet, it is not too early for long-term planning of the role of nuclear energy in fulfilling the electricity demands of the future economies of African countries. A realistic assessment of the future role of nuclear power in a given electric system requires much more than the determination of an economically optimal plant mix. It calls for optimization under a series of constraints. Among these are licensing and regulatory factors, public attitudes and the degree of commitment to nuclear power by national governments. For many developing countries, the problems of financing additional foreign exchange expenditures are so acute as to force them to defer otherwise highly profitable ventures. In the case of nations with large low-cost fossil fuel and hydro resources a great degree of flexibility has been and is likely to be maintained in establishing medium and long-term objectives for nuclear energy. (author)

Waste from nuclear power plants

International Nuclear Information System (INIS)

1980-01-01

The report presents proposals for organizing and financing of the treatment and deposition of spent fuel and radioactive waste. Decommissioning of plants is taken into consideration. The proposals refer to a program of twelve reactors. A relatively complete model for the handling of radioactive waste in Sweden is at hand. The cost for the years 1980 to 2000 is estimated at approx 1040 million SKr. Also the expense to dispose of the rest of the waste is calculated up to the year 2060, when the waste is planned to be put into final deposit. The state must have substantial influence over the organization which should be closely connected to the nuclear industry. Three different types of organization are discussed, namely (i) a company along with a newly created authority, (ii) a company along with the existing Nuclear Power Inspectorate or (iii) a company along with a board of experts. The proposals for financing the cost of handling nuclear waste are given in chief outlines. The nuclear industry should reserve means to special funds. The allocations are calculated to 1.4 oere per delivered kWh up to and including the year 1980. The accumulated allocations for 1979 should thus amount to 1310 million SKr. The charge for supervision and for certain research and development is recommended to be 0.1 oere per kWh which corresponds to approx 23 million SKr for 1980. The funds should be assured by binding agreements which must be approved by the state. The amounts are given in the monetary value of the year 1979. (G.B.)

Forensic Analysis of Terrorist Counter-Financing to Combat Nuclear Proliferation

Energy Technology Data Exchange (ETDEWEB)

Drame, B. [Brookhaven National Lab. (BNL), Upton, NY (United States); Toler, L. [Brookhaven National Lab. (BNL), Upton, NY (United States); Bachner, Katherine [Brookhaven National Lab. (BNL), Upton, NY (United States)

2016-02-01

The single greatest threat to U.S. homeland security remains the proliferation of nuclear weapons, especially among terrorists and other non-state actors who are not governed by the Non-Proliferation Treaty. One of the most important tools for combating terrorism among such rogue actors is counter-financing. Without funding, terrorists cannot acquire, maintain, or deploy nuclear weapons. According to the official report of the 9/11 Commission, counter-financing could have prevented the attacks of September 11, 2001. Unfortunately, no single country can defeat global terrorism. Successful counter-financing requires significant international cooperation. Since 2001, the United States and the European Union, despite vastly different approaches to intelligence gathering, have shared information through the Terrorist Finance Tracking Program (TFTP). That shared information allows authorities to trace suspicious transactions, identify culprits, and map out global terrorist networks. The TFTP successfully thwarted a 2011 plot to assassinate the Saudi Arabian Ambassador to the U.S. and multiple threats during the 2012 Summer Olympics in London; it also aided in the investigation of the 2013 Boston Marathon bombing. That program is necessary but not sufficient. To strengthen our ability to detect and disrupt terrorist plotting and prevent nuclear proliferation, we must expand and coordinate two additional transnational measures: (1) the Society for Worldwide Interbank Financial Telecommunications (SWIFT), a standardized global messaging network for financial institutions to quickly, accurately, and securely send and receive money transfer instructions, and (2) International Bank Account Numbers (IBAN) to identify individual accounts involved in international transactions. Both initiatives were incompletely adopted in the wake of 9/11, but most global banks use one or neither. More fully implementing and coordinating these two systems would allow for coherent information

Project finance and photovoltaic power plants : a theoretical and practical perspective

OpenAIRE

Aasgaard, Anne Kristine

2010-01-01

Project finance is a defined structure for developing new activity which involves establishing the project as a separate unit. The review of literature exhibits the distinctive characteristics of project finance and provides a rationale of this form of financing. Project finance entails financial modelling, risk management, legal aspects and the creation of a financial structure. The thesis explores practical use of project finance in a case study of a photovoltaic power plant and presents a ...

Climate Change and Nuclear Power (French Edition)

International Nuclear Information System (INIS)

2015-08-01

Ahead of the UN Climate Change Conference, including COP 21, to be held in Paris from 30 November to 11 December 2015, the IAEA released the French version of its scientific assessment of nuclear power’s role in meeting the climate–energy challenge: Changements Climatiques et Énergie Nucléaire. The report reiterates the fact that nuclear power is the second lowest CO2 emitter, considering emissions through entire life cycles, after hydro but ahead of wind and solar-based electricity. It also examines broader issues relevant to the climate change–nuclear energy nexus, such as costs, investments, financing, safety, waste management and non-proliferation. Recent developments in resource supply, changes in energy markets and technological developments are also presented

The role of nuclear power in the world

International Nuclear Information System (INIS)

Goodman, E.I.

1977-01-01

The role of nuclear energy in the world is discussed from the near term and long term. For the period through the mid 1980s sufficient nuclear capacity is considered critical to forestall serious shortages of oil and possible high prices leading to economic stagnation. Over the next 30-35 years it is estimated that world nuclear power will reach a capacity of approx. 3 million megawatts electrical when world electrical capacity will be about 8 million megawatts. With this nuclear capacity and if a annual growth rate of 5% is achieved for coal, oil and gas would remain at their present rate of consumption and would be increasingly reserved for specialized uses where substitution is not feasible. Caution is stressed, however, especially in using long term forecasts except for overall guidance and even in short term projections frequent up-dating and revision is recommended. The factors which have inhibited nuclear power growth are discussed including: 1) rapidly rising capital costs and financing problems, 2) rising and uncertain fuel cycle costs, 3) uncertainties in licensing and public acceptance. Despite the foregoing, nuclear power still retains an economic edge over fossil-fired units in substantial portions of the world. Assuming satisfactory solution of its major problems it is estimated that about 27-40% of the electrical capacity of developing countries will be nuclear by the year 2000. This nuclear capacity will comprise approx. 20% of the world's total nuclear power capacity around the turn of the century. (orig.) [de

Introducing nuclear power into currently non-nuclear states

International Nuclear Information System (INIS)

Gert, Claassen

2007-01-01

As the nuclear renaissance gains momentum, many countries that currently have no nuclear power plants will begin to consider introducing them. It is anticipated that smaller reactors such as the Pebble Bed Modular Reactor (PBMR) will not only be sold to current nuclear states to also to states where there is currently no nuclear experience. A range of issues would have to be considered for nuclear plants to be sold to non-nuclear states, such as the appropriate regulatory environment, standardization and codes, non-proliferation, security of supply, obtaining experienced merchant operators, appropriate financial structures and education and training. The paper considers nine major issues that need to be addressed by governments and vendors alike: 1) political enabling framework, 2) regulatory framework, 3) responsible owner, 4) responsible operator, 5) finance, 6) contact management, 7) fuel supply and waste management framework, 8) training and education, and 9) industrial infrastructure. International cooperation by organisations such as the IAEA, financial institutions and international suppliers will be required to ensure that developing countries as well as developed ones share the benefits of the nuclear renaissance. The opportunities that the nuclear industry affords to develop local skills, create job opportunities and to develop local manufacturing industries are among the important reasons that the South African Government has decided to support and fund the development of the Pebble Bed Modular Reactor project. (author)

Sources of finance for power generation: an Asian perspective

International Nuclear Information System (INIS)

Haggard, Melville

1994-01-01

Data are presented which show there is no standard framework for financing independent power projects (IPPs) and that there is a close correlation between the simplicity of the financing solution and the state of development of the local capital market. Some aspects of the optimization of capital structure for IPP financing are considered. In order to increase access to finance, risks need to be minimized. Three principal areas of risk are identified. These are transparency and political risks, cashflow issues and bidding procedures. Strategies for minimizing these risks are outlined. Finally, fuel supply, technology and plant operation are briefly examined as factors influencing electricity price competitiveness. (1 table, 6 figures) (UK)

The nuclear issue as seen by a banker

International Nuclear Information System (INIS)

MacArthur, J.P.

1976-01-01

The function of the banker in financing nuclear power is summarized and the criteria for financing are stated. The financial requirements and the availability of finance are discussed. The UK nuclear power programme is considered from a banker's point of view. (U.K.)

The development of nuclear power and nuclear manpower training in China

International Nuclear Information System (INIS)

Yang Lin; Xu Xiyue

2000-01-01

There are two nuclear power plants (NPP) in operation in China. The Qinshan NPP was the first that was constructed by China's own efforts and went into operation on 1991. The Daya Bay NPP was constructed using foreign funds, technology and went into operation on 1994. Four nuclear power projects with 8 units were initiated during the State Ninth Five-years Plan. The 8 units are expected for commercial operation between 2002 and 2005. China is preparing for the Tenth Five-Year Plan, in which China will develop the nuclear power at a moderate pace. The 13 universities and colleges were offering nuclear science educations. The students from these universities and college can meet the needs of nuclear institutes and enterprises. China National Nuclear Corporation (CNNC) owns the Graduated School of Nuclear Industry and the Nuclear Industry Administrative Cadre College, which will turn into the nuclear training center in future. Besides, CNNC also owns 4 institutions awarding Doctorate and 9 institutes awarding Master Degree. Many programs for education and training carried out by CNNC are presented, such as direct education supported by CNNC's finances, on job training, education for the second bachelor degree, training for senior economic professionals, research course for senior professionals, short time training course and training for license. China trained nuclear personnel by international cooperation with other countries both through multilateral and bilateral cooperation programs. CNNC has established scientific and economic ties with over 40 countries. CNNC has held diversified training for nuclear industry professionals with our own efforts and with the support from the State for many years. Today, the rapid development of nuclear industry needs more professionals. We must make greater efforts to enhance human resources development. Nuclear Safety is very important for nuclear energy development. Nuclear safety is closely related to each person who works in

Nuclear power situation in Finland

Energy Technology Data Exchange (ETDEWEB)

Miettinen, J K

1976-01-01

Finland plans to have its future energy policy as well-balanced and economical as possible. Dependence on oil has to be reduced and savings have to be achieved wherever possible. Some growth of energy demand will be inevitable, and most of this growth has to be nuclear. Practically all hydropower that can be reasonably exploited is being utilized already. Finland has an abundance of peat, but it can be economically used only as a regional source of energy. This leaves, as the only real alternatives for the coming decennia, coal and fission; of the two, fission is evidently the better choice. Although other forms of energy such as fusion, solar, tidal, and wind energy have to be studied as longer-range alternatives. Four nuclear power plants are presently under construction in Finland and at least a few additional ones will evidently be built before 1990. Several of them will probably be of the combined district heat and electricity-producing type. The planning of nuclear energy has recently become complicated due to financing difficulties, uncertainties regarding long-range fuel services, and public opposition. The latter is partly caused by lack of information, partly by fears of a change of life-style in communities near the planned power plant sites. (From Conclusions)

Comparison between Different Power Sources for Emergency Power Supply at Nuclear Power Plants

International Nuclear Information System (INIS)

Lenasson, Magnus

2015-01-01

report is financed by Elforsk - Swedish Electrical Utilities' R and D Company. The background of the report is that the Fukushima accident showed how redundant but not diversified power sources can be destroyed by external events. This might lead to increased focus on diversification, from the industry and/or the regulating authorities. A number of essential parameters for a power source to work as emergency power supply at a nuclear power plant have been identified; ten different power sources have then been evaluated with respect to these parameters. The report is supposed to work as a knowledge base and decision support when new nuclear power plants or reinvestments in old ones are considered. The studied power sources are: Diesel generators, Gas turbines, Internal steam turbines, Externals steam turbines, Hydro power plant, Batteries, Fuel cells, Stirling engines, Thermoelectric elements, Flywheels. The power sources are evaluated for five different applications, each application with its own acceptance criteria for each of the essential parameters. The five applications are: Onsite emergency AC source, Onsite emergency DC source, Alternate AC source, small, Alternate AC source, large, Alternate AC source, mobile. Mainly Swedish preconditions are considered in the report, but most of the results are applicable in any other country. (author)

Financing power facilities in the competitive bidding environment

International Nuclear Information System (INIS)

Hills, A.L.

1993-01-01

In 1988 the Federal Energy Regulatory Commission (open-quote FERC close-quote) issued proposed rules and guidelines for the use of competitive bidding by state utility commissions to chose new power supplies. Since then, more than 20 states have implemented bidding programs to determine the price and sources of incremental generating capacity. This presentation discusses the impact of the use of competitive bidding on how landers and equity investors perceive the risks of project-supported financing arrangements and describes the actions that project developers have taken to adapt the project financing process to win bidding contests and as importantly, successfully obtain project financing in spite of the open-quotes credit crunchclose quotes market environment

Contamination awareness at the Dresden Nuclear Power Station

International Nuclear Information System (INIS)

Pagel, D.J.; Rath, W.C.

1986-01-01

Dresden Nuclear Power Station, which is located ∼ 60 miles southwest of Chicago near Morris, Illinois, has been generating electricity since 1960. Owned by Commonwealth Edison, Dresden was the nation's first privately financed nuclear station. On its site are three boiling water reactors (BWRs). Due to the contamination potential inherent with a reactor, a contamination trending program was created at the station. Studies had indicated a rise in contamination events during refueling outages. Further increases were due to specific work projects such as hydrolyzing operations. The investigations suggested that contract personnel also increased the number of events. In 1983, a contamination awareness program was created. The 1984 contamination awareness program was comprised of the following: (1) a statistical review in which trended contamination events were discussed. (2) A demonstration of protective clothing removal by an individual making various mistakes. (3) Scenarios were developed for use in mock work areas. (4) Upper management involvement. Because of the 1984 program, favorable attention has been focused on Dresden from the US Nuclear Regulatory Commission and the Institute of Nuclear Power Operations

Nuclear power. Volume 1. Nuclear power plant design

International Nuclear Information System (INIS)

Pedersen, E.S.

1978-01-01

NUCLEAR POWER PLANT DESIGN is intended to be used as a working reference book for management, engineers and designers, and as a graduate-level text for engineering students. The book is designed to combine theory with practical nuclear power engineering and design experience, and to give the reader an up-to-date view of the status of nuclear power and a basic understanding of how nuclear power plants function. Volume 1 contains the following chapters; (1) nuclear reactor theory; (2) nuclear reactor design; (3) types of nuclear power plants; (4) licensing requirements; (5) shielding and personnel exposure; (6) containment and structural design; (7) main steam and turbine cycles; (8) plant electrical system; (9) plant instrumentation and control systems; (10) radioactive waste disposal (waste management) and (11) conclusion

Considerations on technology transfer process in nuclear power industry for developing countries

International Nuclear Information System (INIS)

Castro, I.P.

2000-01-01

Nuclear know-how cannot possibly be developed globally in developing countries, so technology transfer is the only conceivable way to make nuclear power accessible to these countries. Technology transfer process accounts for three mayor steps, namely acquisition, assimilation and diffusion, so a serious nuclear power program should comprise all of them. Substantial national efforts should be made by developing countries in financial, industrial, scientific, organizational and many other aspects in order to succeed a profitable technology transfer, but developing countries cannot make it by themselves. Finance is the biggest problem for developing world nuclear power projects. Human resource qualification is another important aspect of the nuclear power technology transfer, where technology receptor countries should prepare thousands of professionals in domestic and foreign schools. Challenge for nuclear power deployment is economical, but also social and political. Developed countries should be open to cooperate with developing countries in meeting their needs for nuclear power deployment that should be stimulated and coordinated by an international body which should serve as mediator for nuclear power technology transfer. This process must be carried out on the basis of mutual benefits, in which the developed world can exploit the fast growing market of energy in the developing world, but with the necessary condition of the previous preparation of our countries for this technology transfer. (author)

Nuclear power : exploding the myths

International Nuclear Information System (INIS)

Edwards, G.

2001-01-01

A critique of the Canadian government's unaccountability in terms of nuclear decisions was presented. The federal government has spent more than $13 billion building dozens of nuclear facilities, and spreading Canadian nuclear technology to India, Pakistan, Taiwan, Korea, Argentina and Romania. The author argued that this was done without any public consultation or public debate. In addition, the federal government announced in 1996 that it will play a role in nuclear disarmament and would accept tonnes of leftover plutonium from dismantled nuclear warheads to be used as fuel in CANDU reactors. Samples of weapons plutonium fuels from Russia and the United States are currently being tested in a reactor at Chalk River, Ontario. In addition, China received a $1.5 billion loan from the Treasury of Canada to help finance a CANDU reactor. It was the largest loan in Canadian history, yet had no procedure to obtain taxpayer's permission. Turkey was promised an equal amount if it would build a CANDU reactor. Despite this activity, the nuclear industry is in a dying state. No reactors have been ordered in North America for the past 25 years and there are no future prospects. Nuclear expansion has also ground to a halt in western Europe, Germany, Sweden, Switzerland and France. The author discussed the association of nuclear energy with nuclear weapons and dispelled the myth that the nuclear energy programs have nothing to do with nuclear weapons. He also dispelled the myth that plutonium extracted from dismantled warheads can be destroyed by burning it as fuel in civilian reactors. The author emphasized that nuclear warheads are rendered useless when their plutonium cores are removed, but there is no method for destroying the plutonium, which constitutes a serious danger. The third myth which he dispelled was that nuclear power can significantly reduce greenhouse gas emissions. Studies show that each dollar invested in energy efficiency saves 5 to 7 times as much carbon

Activities of the IAEA International Working Group on Life Management of Nuclear Power Plants (IWG-LMNPP)

International Nuclear Information System (INIS)

Ianko, L.

1994-01-01

Activities of the IAEA international working group on life management of nuclear power plants are outlined with emphasis on objectives, scope of activities, methods of work, organizational matters, financing

Attracting finance for hydroelectric power

International Nuclear Information System (INIS)

Besant-Jones, John

1996-01-01

Hydroelectricity will continue to be important for meeting power requirements in developing countries. Much of the funding required for hydroelectric projects must come from non-government source; hydroelectric projects will therefore need to be attractive to private investors. This note explores the risks investors face, how this can be mitigated, and how the World Bank group can offer advice (as well as finance) to member countries to facilitate investment in hydro electric projects. 3 refs., 1 fig

Nuclear power. Volume 2. Nuclear power project management

International Nuclear Information System (INIS)

Pedersen, E.S.

1978-01-01

NUCLEAR POWER PLANT DESIGN is intended to be used as a working reference book for management, engineers and designers, and as a graduate-level text for engineering students. The book is designed to combine theory with practical nuclear power engineering and design experience, and to give the reader an up-to-date view of the status of nuclear power and a basic understanding of how nuclear power plants function. Volume 2 contains the following chapters: (1) review of nuclear power plants; (2) licensing procedures; (3) safety analysis; (4) project professional services; (5) quality assurance and project organization; (6) construction, scheduling, and operation; (7) nuclear fuel handling and fuel management; (8) plant cost management; and (9) conclusion

East-Asia nuclear/fossil power plant competitiveness

International Nuclear Information System (INIS)

Braun, Ch.

1996-01-01

The competitiveness of a new nuclear plant vs. a new oil or gas fired combined cycle plant or a coal fired plant in East-Asia, is reviewed in the paper. Both the nuclear and the fossil fired plants are evaluated as either utility financed or independent power producer (IPP) financed. Two types of advanced light water reactors (ALWRs) are considered in this paper, namely evolutionary ALWRs (1200 MWe size) and passive ALWRs (600 MWe class). A range of capital and total generation costs for each plant type is reported here. The comparison centers on three elements of overall competitiveness: generation costs, hard currency requirements, and employment requirements. Each of these aspects is considered perspective. Year-by-Year generation cost history over the plant lifetime is shown in some cases. It is found here that a utility financed evolutionary and passive ALWRs are broadly competitive with an IPP financed gas fired combined cycle plant and are more economic than oil fired combined cycle or a coal fired plant. A single unit evolutionary ALWR may have a 12 - 15 % capital cost advantage over a single passive ALWR then adjusted on a per KWe basis. Front-end hard currency requirements of a passive ALWR are 2.5 times higher than for a combined plant and evolutionary ALWRs requires 3.6 times higher up-front cost. However, on a lifetime basis, passive ALWR net hard currency requirements are two times lower than for a combined cycle plant. Evolutionary ALWR net hard currency requirements are three times over than those of a combined cycle plant. The effects of domestic vs. world price of fossil fuels on relative nuclear competitiveness are reviewed in this nuclear competitiveness paper. Employment requirements in an ALWR during both the construction period and lifetime operation, exceed the requirements for oil or gas fired plants by a factor of five. While contributing to overall plant cost, employment requirements can also be viewed as opportunity to increase national

Nuclear Power

International Nuclear Information System (INIS)

Douglas-Hamilton, J.; Home Robertson, J.; Beith, A.J.

1987-01-01

In this debate the Government's policy on nuclear power is discussed. Government policy is that nuclear power is the safest and cleanest way of generating electricity and is cheap. Other political parties who do not endorse a nuclear energy policy are considered not to be acting in the people's best interests. The debate ranged over the risks from nuclear power, the UK safety record, safety regulations, and the environmental effects of nuclear power. The Torness nuclear power plant was mentioned specifically. The energy policy of the opposition parties is strongly criticised. The debate lasted just over an hour and is reported verbatim. (UK)

The Acceptance Strategy for Nuclear Power Plant In Indonesia

Science.gov (United States)

Suhaemi, Tjipta; Syaukat, Achmad

2010-06-01

THE ACCEPTANCE STRATEGY FOR NUCLEAR POWER PLANT IN INDONESIA. Indonesia has planned to build nuclear power plants. Some feasibility studies have been conducted intensively. However, the processes of NPP introduction are still uncertain. National Energy Plan in Indonesia, which has been made by some governmental agencies, does not yet give positive impact to the government decision to construct the nuclear power plant (NPP). This paper discusses the process of NPP introduction in Indonesia, which has been colored with debate of stakeholder and has delayed decision for go-nuclear. The technology paradigm is used to promote NPP as an alternative of reliable energy resources. This paradigm should be complemented with international politic-economic point of view. The international politic-economic point of view shows that structural powers, consisting of security, production, finance, and knowledge structures, within which the NPP is introduced, have dynamic characteristics. The process of NPP introduction in Indonesia contains some infrastructure development (R&D, legislation, regulation, energy planning, site study, public acceptance efforts, etc), but they need a better coherent NPP implementation program and NPP Acceptance Program. Strategic patterns for NPP acceptance described in this paper are made by considering nuclear regulation development and the interest of basic domestic participation. The first NPP program in Indonesia having proven technology and basic domestic participation is and important milestone toward and optimal national energy-mix.

Financing the UK power sector: Is the money available?

International Nuclear Information System (INIS)

Blyth, William; McCarthy, Rory; Gross, Robert

2015-01-01

The UK power generation sector faces a major new round of investment: the coincidence of asset retiring and ambitious goals for decarbonisation is not unique, but is particularly acute in the UK. The UK government has put in place a raft of new policies that seek to promote new, low carbon investment and ensure security of supply. The traditional channel for financing the sector has been through large utility companies, but this now looks challenging for various reasons. The UK therefore offers an interesting case study on several counts; the scale of the challenge, effectiveness of new policies, and the availability of alternative finance. We find that the link between the finance sector and the electricity sector is not ‘broken’, but the flow of money to the sector is threatened by the current weakness of the utilities’ business model. This paper compares estimates of the scale of investment required in the UK with historical investment rates. It summarises contemporary finance industry views of conditions and trends, and potential policy interventions that might be needed to bridge the investment gap. The potential for channelling institutional investor funds directly into energy assets is reviewed. - Highlights: • Power investment need to scale up compared to historical trends, but is achievable. • Traditionally, low-cost finance has been through bonds and shares of large utilities. • Utilities are suffering high debt, reduced demand, and suppressed prices. • Policy interventions to scale-up investment are reviewed.

The role of nuclear power in the U.S.A

International Nuclear Information System (INIS)

Walske, Carl.

1981-06-01

Presently the United States has a total electrical generating capacity of about 600 gigawatts, of which 56 GW is nuclear-fuelled. Actual generation is about 12 percent nuclear. Another 90 GW nuclear and 130 GW coal-fired capacity are under construction. No new orders for nuclear power plants have been received since 1978, and recently cancellations for nuclear plants have been exceeding gross coal ordering rates. If U.S. utilities are to continue to expand at their current rate, at least 40 GW of new capacity should be ordered every year. By the year 2000 another 20-70 percent more energy will be needed to meet the demand from a mature population with an increased proportion in the work force. Double-digit inflation, increased regulatory requirements, and higher fuel costs have made it difficult for electric utilites to obtain financing for new plants; time delays in obtaining regulatory agency approvals have added interest expenses to the cost of plants already under construction. The political climate is improving for nuclear power, and public opinion remains generally favourable

Review of nuclear new build in relation to project structure, supply chain and financing - 15106

International Nuclear Information System (INIS)

Keppler, J.H.; Cometto, M.

2015-01-01

The construction of a new nuclear power plant is a major industrial project involving a number of complex economic, technical and regulatory challenges. This article focuses on 2 of the most important among them: first, sustainable financing which is primarily a function of interest rates and the stability of electricity prices and secondly, the management of a complex construction process and its supply chain. The analysis shows the much stronger dependence of nuclear energy on the stability of electricity prices when compared with a gas plant of the same size. Nevertheless the study underlines that at debt ratios below 60%, the risk for a debt-investor in a nuclear project is rather limited even for large electricity and permanent price fall. There exist a wide spectrum of different options for sharing the responsibilities between the ultimate operators of a nuclear power plant and the principal supplier. 3 main categories of contract are used for the construction of NPPs: the turnkey approach, the split-package approach and the multi-contract approach.In construction, where the emergence of a competitive, global supply chain is not yet ensured, the convergence of nuclear engineering codes and quality standards, as well as regulatory harmonisation remain a key step to promote both competition and public confidence

Evaluation of the electric power production cost growth due to decommissioning of nuclear power plants

International Nuclear Information System (INIS)

Basso, G.

1982-01-01

The increase of production cost for electric power generated by nuclear plants, due to their decommissioning and the end of operating life, is analysed in respect to (a) waiting time from indefinite shut-down date to the start of dismantlement, (b) financing method, (c) interest and inflation rates. The analysis shows that the additional cost is always small for those solutions which have higher probability to be adopted

Nuclear power plants

International Nuclear Information System (INIS)

1985-01-01

Data concerning the existing nuclear power plants in the world are presented. The data was retrieved from the SIEN (Nuclear and Energetic Information System) data bank. The information are organized in table forms as follows: nuclear plants, its status and type; installed nuclear power plants by country; nuclear power plants under construction by country; planned nuclear power plants by country; cancelled nuclear power plants by country; shut-down nuclear power plants by country. (E.G.) [pt

Nuclear power

International Nuclear Information System (INIS)

Porter, Arthur.

1980-01-01

This chapter of the final report of the Royal Commission on Electric Power Planning in Ontario updates its interim report on nuclear power in Ontario (1978) in the light of the Three Mile Island accident and presents the commission's general conclusions and recommendations relating to nuclear power. The risks of nuclear power, reactor safety with special reference to Three Mile Island and incidents at the Bruce generating station, the environmental effects of uranium mining and milling, waste management, nuclear power economics, uranium supplies, socio-political issues, and the regulation of nuclear power are discussed. Specific recommendations are made concerning the organization and public control of Ontario Hydro, but the commission concluded that nuclear power is acceptable in Ontario as long as satisfactory progress is made in the disposal of uranium mill tailings and spent fuel wastes. (LL)

Financial aspects of nuclear power programmes from the experience of the Foratom Member Countries

International Nuclear Information System (INIS)

Riverola Pelayo, R.

1977-01-01

This paper reviews the financial aspects of the nuclear power programme from the experience of the Foratom Member countries. To appreciate the magnitude of the financial requirement the investments for the nuclear programme over the period 1976-85 are related to gross national product and gross capital formation. An examination is made of the sources and systems of financing for nuclear power stations and for all stages of the fuel cycle. The importance of interest during construction of the nuclear plant is considered in detail as, with the lengthening of construction times, this has now become a major factor in the total cost of a nuclear station. The possible accounting conventions under which interest during construction can be treated are examined and a study is made of the investment profile, the cost of money and the effect of inflation. The fiscal aspects of nuclear finance are studied with reference to national regulations and amortization rules. The amortization of nuclear installations also presents certain problems associated with their dismantling once their useful life is over, and this raises the question of the need to create a reserve fund which can commence with the startup of the power plant. For the fuel cycle a distinction can be made between areas of high (economic) risk such as in the prospecting and mining of uranium and the reprocessing of irradiated fuel, and those areas of normal risk such as the manufacture of fuel elements. The difficulties of obtaining credit for the first phase should be considered. (author)

Financial aspects of nuclear power programmes from the experience of the FORATOM member countries

International Nuclear Information System (INIS)

Riverola-Pelayo, R.

1977-01-01

This paper reviews the financial aspects of nuclear power programme from the experience of the FORATOM member countries. To appreciate the magnitude of the financial requirement, the investments for the nuclear programme over the period 1976-85 are related to gross national product and gross capital formation. An examination is made of the sources and systems of financing for nuclear power stations and for all stages of the fuel cycle. The importance of interest during construction of nuclear plant is considered in detail as, with the lengthening of construction times, this has now become a major factor in the total cost of a nuclear station. The possible accounting conventions under which interest during construction can be treated are examined and a study is made of the investment profile, the cost of money and the effect of inflation. The fiscal aspects of nuclear finance are studied with reference to national regulations and amortization rules. The amortization of nuclear installations also presents certain problems associated with their dismantling once their useful life is over and this raises the question of the need to create a reserve fund which can commence with the startup of the power plant. For the fuel cycle, a distinction can be made between phases of high (economic) risk such as in the prospection and mining of uranium and the reprocessing of irradiated fuel, and those areas of normal risk such as the manufacture of fuel elements. The difficulties of obtaining credit for the first phase should be considered

Nuclear project finance in developing countries: The multi-country financing alternative

International Nuclear Information System (INIS)

Fleck, J.B.

1986-01-01

It is the basic contention of this paper that, because of certain factors in the financial markets, multi-country financing (MCF) is the new alternative if not the imperative for large scale and turnkey nuclear plant programs in developing countries. The point is made that its successful use depends on the ability of the host country, the credit granting countries and suppliers to both recognize the MCF reality and manage its implicit variables. Those who collectively do so will be successful, and those who cannot will not be states the author. The aspects of MCF are described

Nuclear power proliferation. Problems of international control

Energy Technology Data Exchange (ETDEWEB)

Johnson, B [International Inst. for Environment and Development, London (UK)

1977-09-01

The nuclear industry is experiencing a multiple crisis in which economic, technical and ethical aspects are blended inextricably. Nuclear hardware costs have everywhere soared far beyond inflation in the last five years, largely as a result of delays in programme completion arising from problems of reactor and fuel cycle. Meanwhile, partly as a result of this cost escalation, there is widespread and growing doubt as to whether capital will be available to finance the electricity generating levels projected by the industry and by governments for the 1990s. The nuclear industry is now in trouble at every stage of the fuel cycle. The industry's difficulties have also revealed a lack of overall - but particularly nuclear - energy strategy at either national or international levels, and a lack of will to create regulations and institutional machinery at either of these levels which might reassure both concerned publics and the energy industries themselves. This paper appraises some of the present limitations of international institutions in achieving control and management of nuclear power.

Nuclear power proliferation: problems of international control

Energy Technology Data Exchange (ETDEWEB)

Johnson, B

1977-09-01

Some of the present limitations of international institutions in achieving control and management of nuclear power are reviewed and appraised. The nuclear industry is experiencing a multiple crisis in which economic, technical, and ethical aspects are blended. Nuclear hardware costs have increased faster than inflation in the last five years, largely as a result of delays in program completion arising from reactor and fuel-cycle safety problems. Meanwhile, there is a widespread and growing doubt, partly as a result of this cost escalation, as to whether capital will be available to finance the electricity-generating levels projected by the industry and by governments for the 1990s. The nuclear industry is now in trouble at every stage of the fuel cycle. The industry's difficulties have also revealed a lack of overall--but particularly nuclear--energy strategy at either national or international levels, and a lack of will to create regulations and institutional machinery at either of these levels that could reassure the concerned public and the energy industries.

United-States: the forefront of new nuclear technologies

International Nuclear Information System (INIS)

Le Ngoc, B.

2015-01-01

In the U.S. there are about 50 enterprises developing new concepts in the nuclear sector specially in power production (smaller reactors) and waste management. These enterprises require important technological and financial means to engage experts and build prototypes so U.S. authorities have developed a platform named GAIN (Gateway for Accelerated Innovation on Nuclear) for providing technological support and financing. The American Department of Energy (DoE) will keep on financing research in the nuclear sector. The American 2016 finance law provides a 9% increase for financing nuclear programmes. Research on Small Modular Reactors (SMR) with a power output ranging from 50 to 300 MW will be favored.

Developing and financing merchant power plants in the U.S

International Nuclear Information System (INIS)

Ryan, M.J.

1998-01-01

Limited recourse financing for merchant plants in some areas of the world such as Latin America has become almost commonplace in the recent past. Limited recourse project financing for merchant plants in the US, once almost unthinkable, has already been achieved with the frontier-breaking Calpine Pasadena project. While long-term power purchase agreements have historically provided comfort to lenders and developers alike, they are increasingly becoming a thing of the past as utilities are reluctant to lock themselves into a fixed price, which may turn out to exceed the prices available in the open market. So, it seems that the trends toward merchant plants in Latin America will soon take hold in the domestic market. With the market for limited recourse project financing still in the embryonic stage, and the strong likelihood that long-term power purchase agreements will not be available, it is clear that successful domestic projects will have to be well conceived, properly structured and capitalized to secure debt and equity funding commitments. This paper will focus on opportunities for developing merchant plants, the major risks present to developers and investors and the most appropriate strategies for structuring finance for a project

Nuclear power

International Nuclear Information System (INIS)

Abd Khalik Wood

2005-01-01

This chapter discussed the following topics related to the nuclear power: nuclear reactions, nuclear reactors and its components - reactor fuel, fuel assembly, moderator, control system, coolants. The topics titled nuclear fuel cycle following subtopics are covered: , mining and milling, tailings, enrichment, fuel fabrication, reactor operations, radioactive waste and fuel reprocessing. Special topic on types of nuclear reactor highlighted the reactors for research, training, production, material testing and quite detail on reactors for electricity generation. Other related topics are also discussed: sustainability of nuclear power, renewable nuclear fuel, human capital, environmental friendly, emission free, impacts on global warming and air pollution, conservation and preservation, and future prospect of nuclear power

Nuclear power

International Nuclear Information System (INIS)

Anon.

1980-01-01

The committee concludes that the nature of the proliferation problem is such that even stopping nuclear power completely could not stop proliferation completely. Countries can acquire nuclear weapons by means independent of commercial nuclear power. It is reasonable to suppose if a country is strongly motivated to acquire nuclear weapons, it will have them by 2010, or soon thereafter, no matter how nuclear power is managed in the meantime. Unilateral and international diplomatic measures to reduce the motivations that lead to proliferation should be high on the foreign policy agenda of the United States. A mimimum antiproliferation prescription for the management of nuclear power is to try to raise the political barriers against proliferation through misuse of nuclear power by strengthening the Non-Proliferation Treaty, and to seek to raise the technological barriers by placing fuel-cycle operations involving weapons-usable material under international control. Any such measures should be considered tactics to slow the spread of nuclear weapons and thus earn time for the exercise of statesmanship. The committee concludes the following about technical factors that should be considered in formulating nuclear policy: (1) rate of growth of electricity use is a primary factor; (2) growth of conventional nuclear power will be limited by producibility of domestic uranium sources; (3) greater contribution of nuclear power beyond 400 GWe past the year 2000 can only be supported by advanced reactor systems; and (4) several different breeder reactors could serve in principle as candidates for an indefinitely sustainable source of energy

Structuring and financing power projects in Asia

International Nuclear Information System (INIS)

Tay, Paul

1993-01-01

The contractual arrangements for the financing and construction of three 660 MW coal fired power plants in Hong Kong are summarized in the form of headings and a diagram. These cover the joint venture arrangement, construction and equipment supply, the operation and offtake contract, coal supply and the financial structure with respect to commercial risk. (UK)

Nuclear power issue as seen by the International Energy Agency

International Nuclear Information System (INIS)

Kelly, P.

1976-01-01

An account is given of the work of the International Energy Agency towards reducing the dependence of member states on imported oil. Forecasts of energy consumption are discussed, and the contributions that could be made by various energy sources, and by energy conservation, are examined. It is concluded that nuclear power is essential to a reduced dependence policy. The constraints on full realization of national nuclear programmes are stated as follows: licensing delays, waste disposal, financing, uranium supply, and fuel services. Ways in which these could be overcome by national and international action are suggested. Reference is made to the work of other atomic energy agencies: IAEA and OECD Nuclear Energy Agency. (U.K.)

Nuclear power

International Nuclear Information System (INIS)

King, P.

1990-01-01

Written from the basis of neutrality, neither for nor against nuclear power this book considers whether there are special features of nuclear power which mean that its development should be either promoted or restrained by the State. The author makes it dear that there are no easy answers to the questions raised by the intervention of nuclear power but calls for openness in the nuclear decision making process. First, the need for energy is considered; most people agree that energy is the power to progress. Then the historicalzed background to the current position of nuclear power is given. Further chapters consider the fuel cycle, environmental impacts including carbon dioxide emission and the greenhouse effect, the costs, safety and risks and waste disposal. No conclusion either for or against nuclear power is made. The various shades of opinion are outlined and the arguments presented so that readers can come to their own conclusions. (UK)

U.S. plans for new nuclear power plants: who, what, how, why?

International Nuclear Information System (INIS)

Petroll, M.; Tveiten, B.

2007-01-01

Energy forecasts predict electricity consumption in the United States of America to rise 40 percent by 2030. The new baseload capacity to be added on different scales for different regions can be met by coal fired or by nuclear power plants. Climate change is increasingly seen as the No. 1 environmental problem. It is to be expected that measures of carbon dioxide control will inflict an economic penalty on the use of coal. More than a dozen firms are examining the construction of new nuclear power plants. The licensing procedure was reformed so as to answer questions of safety and environmental impact before any decisions to build are taken. Combined construction and operating permits as well as standardization and tight project management are to help avoid past mistakes. The first application for building permits will probably be filed in the autumn. The government, within its policy supporting low-emission power technologies, created incentives for building new nuclear power plants. In addition to financing, there are a number of other problems to be solved, i.e. hiring qualified labor; ensuring the supply chain; expanding the high-voltage power grid. As nuclear power policy in the US is less polarized than in Germany, the construction of new nuclear power plants is not going to depend on the next presidential elections. (orig.)

Nuclear power development. South-Eastern Europe 3E Analysis

International Nuclear Information System (INIS)

Yanev, Y

2010-01-01

Objectives: 1.Assessments of the incremental costs to the energy system of different “development”and “closure”scenarios. 2.Evaluation of scenarios of the national electricity and centralized heat systems focusing on the economic feasibility of new nuclear power plant(s). General findings: The energy future of Bulgaria depends strongly on the development of the nuclear power sectorThe environmental commitments of Bulgaria drive the energy system towards a roadmap of increased use of renewable energy and maintaining or even strengthening virtually non-emitting hydro and nuclear power. Specific findings: The early closure of KNPP Units 3&4 (SHUTDOWN scenario) increased the system costs. The undiscounted difference in system costs estimated between €734 to €1,095 Million for the essential period 2007 to 2014 -a direct loss to the Bulgarian energy sector; Electricity exports and associated revenues are the key to the Bulgarian system even at revenues of €27.50 per MWh because exports drive rehabilitation schedules; exports affect the ability to finance new construction; exports allow for efficient capacity management and more optimaltiming of properly sized capacity investments; lower exports increase system costs; No net exports after 2007 results in substantial system loss

Strategy of nuclear power in Korea, non-nuclear-weapon state and peaceful use of nuclear power

International Nuclear Information System (INIS)

Nagasaki, Takao

2005-01-01

The nuclear power plant started at Kori in Korea in April, 1978. Korea has carried out development of nuclear power as a national policy. The present capacity of nuclear power plants takes the sixes place in the world. It supplies 42% total power generation. The present state of nuclear power plant, nuclear fuel cycle facility, strategy of domestic production of nuclear power generation, development of next generation reactor and SMART, strategy of export in corporation with industry, government and research organization, export of nuclear power generation in Japan, nuclear power improvement project with Japan, Korea and Asia, development of nuclear power system with nuclear diffusion resistance, Hybrid Power Extraction Reactor System, radioactive waste management and construction of joint management and treatment system of spent fuel in Asia are stated. (S.Y.)

Increasing security of supply: The search for stable models of financing for new nuclear build in the European Union

International Nuclear Information System (INIS)

Heffron, Raphael James

2009-01-01

Full text: This research assesses models for financing of new nuclear build in European Union (EU) member states to find the most stable form. The countries examined in this study are France, the United Kingdom, Finland and Romania. The results attest that due to various historical, political, competition, and electricity market structural conditions Romania has emerged with the most secure and stable model for financing of new nuclear projects. This paper begins with an assessment of the effects on the nuclear sector from energy, environment and competition legislation in the EU. Then the political and economic climate of the afore mentioned EU member states is completed. Following this an overview of the market structure of the electricity sector in those respective countries is conducted. Then the key research on the models of financing of new nuclear build is explored, contrasted and analysed. The research concludes that there are four main models for financing new nuclear projects in Europe. Each model has transcended from different political and economic forces, and consequently each model has met with varied levels of success. Electricity market structures while operating to the same legal requirements, have been dissimilar in their evolution. The combination of the above factors has led to different models for financing new nuclear build. Upon further analysis it is concluded and demonstrated that the Romanian financing model is the most suitable and provides an example for any new nuclear build aspiring nations in the EU and beyond. (author)

Carbon pricing, nuclear power and electricity markets

Energy Technology Data Exchange (ETDEWEB)

Cameron, R.; Keppler, J. H. [OECD Nuclear Energy Agency, 12, boulevard des Iles, 92130 Issy-les-Moulineaux (France)

2012-07-01

In 2010, the NEA in conjunction with the International Energy Agency produced an analysis of the Projected Costs of Electricity for almost 200 power plants, covering nuclear, fossil fuel and renewable electricity generation. That analysis used lifetime costs to consider the merits of each technology. However, the lifetime cost analysis is less applicable in liberalised markets and does not look specifically at the viewpoint of the private investor. A follow-up NEA assessment of the competitiveness of nuclear energy against coal- and gas-fired generation under carbon pricing has considered just this question. The economic competition in electricity markets is today between nuclear energy and gas-fired power generation, with coal-fired power generation not being competitive as soon as even modest carbon pricing is introduced. Whether nuclear energy or natural gas comes out ahead in their competition depends on a number of assumptions, which, while all entirely reasonable, yield very different outcomes. The analysis in this study has been developed on the basis of daily data from European power markets over the last five-year period. Three different methodologies, a Profit Analysis looking at historic returns over the past five years, an Investment Analysis projecting the conditions of the past five years over the lifetime of plants and a Carbon Tax Analysis (differentiating the Investment Analysis for different carbon prices) look at the issue of competitiveness from different angles. They show that the competitiveness of nuclear energy depends on a number of variables which in different configurations determine whether electricity produced from nuclear power or from CCGTs generates higher profits for its investors. These are overnight costs, financing costs, gas prices, carbon prices, profit margins (or mark-ups), the amount of coal with carbon capture and electricity prices. This paper will present the outcomes of the analysis in the context of a liberalised

Carbon pricing, nuclear power and electricity markets

International Nuclear Information System (INIS)

Cameron, R.; Keppler, J. H.

2012-01-01

In 2010, the NEA in conjunction with the International Energy Agency produced an analysis of the Projected Costs of Electricity for almost 200 power plants, covering nuclear, fossil fuel and renewable electricity generation. That analysis used lifetime costs to consider the merits of each technology. However, the lifetime cost analysis is less applicable in liberalised markets and does not look specifically at the viewpoint of the private investor. A follow-up NEA assessment of the competitiveness of nuclear energy against coal- and gas-fired generation under carbon pricing has considered just this question. The economic competition in electricity markets is today between nuclear energy and gas-fired power generation, with coal-fired power generation not being competitive as soon as even modest carbon pricing is introduced. Whether nuclear energy or natural gas comes out ahead in their competition depends on a number of assumptions, which, while all entirely reasonable, yield very different outcomes. The analysis in this study has been developed on the basis of daily data from European power markets over the last five-year period. Three different methodologies, a Profit Analysis looking at historic returns over the past five years, an Investment Analysis projecting the conditions of the past five years over the lifetime of plants and a Carbon Tax Analysis (differentiating the Investment Analysis for different carbon prices) look at the issue of competitiveness from different angles. They show that the competitiveness of nuclear energy depends on a number of variables which in different configurations determine whether electricity produced from nuclear power or from CCGTs generates higher profits for its investors. These are overnight costs, financing costs, gas prices, carbon prices, profit margins (or mark-ups), the amount of coal with carbon capture and electricity prices. This paper will present the outcomes of the analysis in the context of a liberalised

Nuclear Power as an Option in Electrical Generation Planning for Small Economy and Electricity Grid

International Nuclear Information System (INIS)

Tomsic, Z.

2012-01-01

Implementing a NPP in countries with relatively small total GDP (small economy) and usually with small electricity grid face two major problems and constrains: the ability to obtain the considerable financial resources required on reasonable terms and to connect large NPP to small electricity grid. Nuclear generation financing in developing countries involves complex issues that need to be fully understood and dealt with by all the parties involved. The main topics covered by paper will be the: special circumstances related to the financing of NPP, costs and economic feasibility of NPP, conventional approaches for financing power generation projects in developing countries, alternative approaches for mobilizing financial resources. The safe and economic operation of a nuclear power plant (NPP) requires the plant to be connected to an electrical grid system that has adequate capacity for exporting the power from the NPP, and for providing a reliable electrical supply to the NPP for safe start-up, operation and normal or emergency shut-down of the plant. Connection of any large new power plant to the electrical grid system in a country may require significant modification and strengthening of the grid system, but for NPPs there may be added requirements to the structure of the grid system and the way it is controlled and maintained to ensure adequate reliability. Paper shows the comparative assesment of differrent base load technologies as an option in electrical generation planning for small economy and electricity grid.(author).

Financing the Decommissioning of Nuclear Facilities

International Nuclear Information System (INIS)

2016-01-01

Decommissioning of both commercial and R and D nuclear facilities is expected to increase significantly in the coming years, and the largest of such industrial decommissioning projects could command considerable budgets. It is important to understand the costs of decommissioning projects in order to develop realistic cost estimates as early as possible based on preliminary decommissioning plans, but also to develop funding mechanisms to ensure that future decommissioning expenses can be adequately covered. Sound financial provisions need to be accumulated early on to reduce the potential risk for residual, unfunded liabilities and the burden on future generations, while ensuring environmental protection. Decommissioning planning can be subject to considerable uncertainties, particularly in relation to potential changes in financial markets, in energy policies or in the conditions and requirements for decommissioning individual nuclear installations, and such uncertainties need to be reflected in regularly updated cost estimates. This booklet offers a useful overview of the relevant aspects of financing the decommissioning of nuclear facilities. It provides information on cost estimation for decommissioning, as well as details about funding mechanisms and the management of funds based on current practice in NEA member countries. (authors)

Calculation of economic and financing of NPP and conventional power plant using spreadsheet innovation

International Nuclear Information System (INIS)

Moch Djoko Birmano; Imam Bastori

2008-01-01

The study for calculating the economic and financing of Nuclear Power Plant (NPP) and conventional power plant using spreadsheet Innovation has been done. As case study, the NPP of PWR type of class 1050 MWe is represented by OPR-1000 (Optimized Power Reactor, 1000 MWe) and the conventional plant of class 600 MWe, is coal power plant (Coal PP). The purpose of the study is to assess the economic and financial feasibility level of OPR-1000 and Coal PP. The study result concludes that economically, OPR-1000 is more feasible compared to Coal PP because its generation cost is cheaper. Whereas financially, OPR-1000 is more beneficial compared to Coal PP because the higher benefit at the end of economic lifetime (NPV) and the higher ratio of benefit and cost (B/C Ratio). For NPP and Coal PP, the higher Discount Rate (%) is not beneficial. NPP is more sensitive to the change of discount rate compared to coal PP, whereas Coal PP is more sensitive to the change of power purchasing price than NPP. (author)

For a public management of funds dedicated to nuclear dismantling: the TESEN (fund for the Energy transition and a fair phasing out nuclear), and its assignment to the financing of energy transition

International Nuclear Information System (INIS)

Autissier, Isabelle; Germa, Philippe

2013-01-01

The report outlines that the cost of nuclear energy in France is largely under-assessed because of the under-evaluation of the future dismantling of nuclear installations and of the management of radioactive wastes. It outlines that provisions made for this dismantling are insufficient, opaque and very risky. This report proposes the creation of a fund independent from nuclear operators to make pay the actual cost of nuclear energy and reduce the French electrical dependence on this energy, to secure long-term financing to finance the dismantling, to bring the financing for the decades to come to finance energy transition, to finance energy transition at reasonable rates, and to clarify the governance for phasing out nuclear

Power generation by nuclear power plants

International Nuclear Information System (INIS)

Bacher, P.

2004-01-01

Nuclear power plays an important role in the world, European (33%) and French (75%) power generation. This article aims at presenting in a synthetic way the main reactor types with their respective advantages with respect to the objectives foreseen (power generation, resources valorization, waste management). It makes a fast review of 50 years of nuclear development, thanks to which the nuclear industry has become one of the safest and less environmentally harmful industry which allows to produce low cost electricity: 1 - simplified description of a nuclear power generation plant: nuclear reactor, heat transfer system, power generation system, interface with the power distribution grid; 2 - first historical developments of nuclear power; 3 - industrial development and experience feedback (1965-1995): water reactors (PWR, BWR, Candu), RBMK, fast neutron reactors, high temperature demonstration reactors, costs of industrial reactors; 4 - service life of nuclear power plants and replacement: technical, regulatory and economical lifetime, problems linked with the replacement; 5 - conclusion. (J.S.)

Nuclear power economic database

International Nuclear Information System (INIS)

Ding Xiaoming; Li Lin; Zhao Shiping

1996-01-01

Nuclear power economic database (NPEDB), based on ORACLE V6.0, consists of three parts, i.e., economic data base of nuclear power station, economic data base of nuclear fuel cycle and economic database of nuclear power planning and nuclear environment. Economic database of nuclear power station includes data of general economics, technique, capital cost and benefit, etc. Economic database of nuclear fuel cycle includes data of technique and nuclear fuel price. Economic database of nuclear power planning and nuclear environment includes data of energy history, forecast, energy balance, electric power and energy facilities

Impact of cost escalation on nuclear plant financing

International Nuclear Information System (INIS)

Sherman, R.J.

1979-01-01

The extreme degree of plant cost increases in the recent years results from a combination of ten years of inflation in the overall economy, the adoption of more stringent statutory and regulatory requirements, and delays resulting from both regulation and intervention. Since different energy forms are competitive, cost and cost changes associated with any form have to be evaluated as - ''compared to what.'' Costs and changes in costs of nuclear and coal fired generation in the United States are reviewed. Reference to specific cost estimates of nuclear and coal plants of equivalent capacity enables separation of the cost effects of the three factors inflation, regulation and delay. In this analysis per kilowatt costs of two 1200 MW nuclear units are compared to those of three 800 MW bituminous coal units. At last various methods to finance new facilities are discussed. (author)

Simulation-based valuation of project finance investments. Crucial aspects of power plant projects

Energy Technology Data Exchange (ETDEWEB)

Pietz, Matthaeus

2010-12-15

The liberalization of electricity markets transformed a regulated and stable market to a market with former unknown price volatility. This results in a high uncertainty which is mainly due to the, from an economic point of view, lack of storability of the commodity electricity. Thus investments in power plants are highly risky. This dissertation analyzes crucial aspects within the valuation of a power plant financed via project finance, a popular financing method for projects with high capital requirements. Starting with the development of a valuation model based on stochastic modelling of the future cash flows the focus of the analysis is on the impact of model complexity and electricity prices. (orig.)

The Acceptance Strategy for Nuclear Power Plant In Indonesia

International Nuclear Information System (INIS)

Suhaemi, Tjipta; Syaukat, Achmad

2010-01-01

Indonesia has planned to build nuclear power plants. Some feasibility studies have been conducted intensively. However, the processes of NPP introduction are still uncertain. National Energy Plan in Indonesia, which has been made by some governmental agencies, does not yet give positive impact to the government decision to construct the nuclear power plant (NPP). This paper discusses the process of NPP introduction in Indonesia, which has been colored with debate of stakeholder and has delayed decision for go-nuclear. The technology paradigm is used to promote NPP as an alternative of reliable energy resources. This paradigm should be complemented with international politic-economic point of view. The international politic-economic point of view shows that structural powers, consisting of security, production, finance, and knowledge structures, within which the NPP is introduced, have dynamic characteristics. The process of NPP introduction in Indonesia contains some infrastructure development (R and D, legislation, regulation, energy planning, site study, public acceptance efforts, etc), but they need a better coherent NPP implementation program and NPP Acceptance Program. Strategic patterns for NPP acceptance described in this paper are made by considering nuclear regulation development and the interest of basic domestic participation. The first NPP program in Indonesia having proven technology and basic domestic participation is and important milestone toward and optimal national energy-mix.

Financing Solar Thermal Power Plants

International Nuclear Information System (INIS)

Price, Henry W.; Kistner, Rainer

1999-01-01

The commercialization of concentrating solar power technology took a major step forward in the mid 1980s and early 1990s with the development of the SEGS plants in California. Over the years they have proven that parabolic trough power technologies are the most cost-effective approach for commercial scale solar power generation in the sunbelt countries of the world. However, the question must be asked why no additional solar power plants have been build following the bankruptcy of the developer of the SEGS projects, LUZ International Limited. Although many believe the SEGS projects were a success as a result of parabolic trough technology they employ, in truth, the SEGS projects were developed simply because they represented an attractive opportunity for investors. Simply stated, no additional projects have been developed because no one has been able to put together a similarly attractive financial package to potential investors. More than $1.2 billion in private capital was raised in debt and equity financing for the nine SEGS plants. Investors and bankers who make these investments are the real clients for solar power technologies. They are not interested in annual solar to electric efficiencies, but in risk, return on investments, and coverage ratios. This paper will take a look at solar power projects from the financier's perspective. The challenge in moving forward is to attract private investors, commercial lenders, and international development agencies and to find innovative solutions to the difficult issues that investment in the global power market poses for solar power technologies

Financing solar thermal power plants

International Nuclear Information System (INIS)

Kistner, R.; Price, H.

1999-01-01

The commercialization of concentrating solar power technology took a major step forward in the mid 1980s and early 1990s with the development of the SEGS plants in California. Over the years they have proven that parabolic trough power technologies are the most cost-effective approach for commercial scale solar power generation in the sunbelt countries of the world. However, the question must be asked why no additional solar power plants have been built following the bankruptcy of the developer of the SEGS projects, LUZ International Limited. Although many believe the SEGS projects were a success as a result of parabolic trough technology they employ, in truth, the SEGS projects were developed simply because they represented an attractive opportunity for investors. Simply states, no additional projects have been developed because no one has been able to put together a similarly attractive financial package to potential investors. More than $1.2 billion in private capital was raised in debt and equity financing for the nine SEGS plants. Investors and bankers who make these investments are the real clients for solar power technologies. They are not interested in annual solar to electric efficiencies, but in risk, return on investments, and coverage ratios. This paper will take a look at solar power projects form the financier's perspective. The challenge in moving forward is to attract private investors, commercial lenders, and international development agencies and to find innovative solutions to the difficult issues that investment in the global power market poses for solar power technologies

Financing Solar Thermal Power Plants

Energy Technology Data Exchange (ETDEWEB)

Kistner, Rainer [National Renewable Energy Lab. (NREL), Golden, CO (United States); Price, Henry W. [National Renewable Energy Lab. (NREL), Golden, CO (United States)

1999-04-14

The commercialization of concentrating solar power technology took a major step forward in the mid 1980s and early 1990s with the development of the SEGS plants in California. Over the years they have proven that parabolic trough power technologies are the most cost-effective approach for commercial scale solar power generation in the sunbelt countries of the world. However, the question must be asked why no additional solar power plants have been build following the bankruptcy of the developer of the SEGS projects, LUZ International Limited. Although many believe the SEGS projects were a success as a result of parabolic trough technology they employ, in truth, the SEGS projects were developed simply because they represented an attractive opportunity for investors. Simply stated, no additional projects have been developed because no one has been able to put together a similarly attractive financial package to potential investors. More than $1.2 billion in private capital was raised in debt and equity financing for the nine SEGS plants. Investors and bankers who make these investments are the real clients for solar power technologies. They are not interested in annual solar to electric efficiencies, but in risk, return on investments, and coverage ratios. This paper will take a look at solar power projects from the financier’s perspective. The challenge in moving forward is to attract private investors, commercial lenders, and international development agencies and to find innovative solutions to the difficult issues that investment in the global power market poses for solar power technologies.

The true costs of nuclear power

International Nuclear Information System (INIS)

Wallner, A.; Mraz, G.

2013-01-01

Worldwide, many nuclear power plants will be reaching the end of their lifetimes over the next few years. States must therefore decide now on the direction they intend to steer their energy policies. Possible options are the construction of new nuclear power plants, extending the lifetime of existing ones, or changing direction towards a sustainable energy future. Arguments put forward by the nuclear power lobby in favour of new builds are, on the one hand, the claim that nuclear power is low in CO2 emissions,1and on the other, that it is low cost. This paper examines the second claim and identifies the “true costs of nuclear power”. This paper provides an overview for the general reader and presents the most important aspects of “costs of nuclear power”, as well as sound information to contribute to discussions of this complex issue. The first part of this paper focuses on the costs of nuclear new-build: Approximately two thirds of electricity generation costs consist of fixed costs, the largest part of which covers the construction of the nuclear power plant (NPP) itself, including the interest rates (capital costs). Consequently, construction costs are a crucial factor in the overall cost of nuclear power. The issue of nuclear new build is currently under discussion in many states in Europe which are considering replacing their aged nuclear power plant fleet, e.g. UK (Hinkley Point and further plans for new builds), Finland (Olkiluoto 3), France (Flamanville 3), the Czech Republic (Temelin 3/4), Slovakia (Mochovce 3/4) and Romania (Cernavoda 3/4). Those projects have one crucial point in common: problems with costs or financing. The Massachusetts Institute of Technology (MIT) has calculated that construction costs rose 15% per annum from 2003 to 2009; construction costs rose from 2,000 to 4,000 USD, amounting to total construction costs of US$ 4 billion for a 1,000 MW NPP. A current example of cost and construction time overrun is the Finnish reactor

Modelling the Economics of a New Nuclear Power Plant in Switzerland

International Nuclear Information System (INIS)

Winkler, Thomas; Streit, Marco

2008-01-01

Financing a new nuclear power plant is challenging right from the beginning and the problem of very high capital costs during the construction phase is not the only one. Long planning periods with high risk capital as well as many political influences during a long decision and planning process are the factors that are complicating the economic modelling. Nevertheless, the Net Present Value (NPV) and the Internal Rate of Return (IRR) which are calculated by discounting forecasted future cash flows are important numbers for decision makers. But these numbers strongly depend on the scenarios and input data used during the calculations. This study offers an overview of present Swiss electricity situation and the economics of the existing Swiss Nuclear Power Plants. Furthermore, a modelling tool will be introduced which allows comparing different scenarios for the whole life cycle of a nuclear power plant (planning, licensing, construction, commercial operation, decommissioning). In the third part, this study will show on a calculation example both the range of results and the different influences of escalation rates or higher costs by means of a calculation example. (authors)

Modelling the Economics of a New Nuclear Power Plant in Switzerland

Energy Technology Data Exchange (ETDEWEB)

Winkler, Thomas [University of Applied Sciences Ansbach, Residenzstrasse 8, 91522 Ansbach (Germany); Aare-Tessin Ltd for Electricity, Bahnhofquai 12, 4601 Olten (Switzerland); Streit, Marco [Aare-Tessin Ltd for Electricity, Bahnhofquai 12, 4601 Olten (Switzerland)

2008-07-01

Financing a new nuclear power plant is challenging right from the beginning and the problem of very high capital costs during the construction phase is not the only one. Long planning periods with high risk capital as well as many political influences during a long decision and planning process are the factors that are complicating the economic modelling. Nevertheless, the Net Present Value (NPV) and the Internal Rate of Return (IRR) which are calculated by discounting forecasted future cash flows are important numbers for decision makers. But these numbers strongly depend on the scenarios and input data used during the calculations. This study offers an overview of present Swiss electricity situation and the economics of the existing Swiss Nuclear Power Plants. Furthermore, a modelling tool will be introduced which allows comparing different scenarios for the whole life cycle of a nuclear power plant (planning, licensing, construction, commercial operation, decommissioning). In the third part, this study will show on a calculation example both the range of results and the different influences of escalation rates or higher costs by means of a calculation example. (authors)

Nuclear power controversy

International Nuclear Information System (INIS)

Murphy, A.W.

1976-01-01

Arthur W. Murphy in the introductory chapter cites the issues, pro and con, concerning nuclear power. In assessing the present stance, he first looks back to the last American Assembly on nuclear power, held October 1957 and notes its accomplishments. He summarizes the six papers of this book, which focus on nuclear power to the end of this century. Chapter I, Safety Aspects of Nuclear Energy, by David Bodansky and Fred Schmidt, deals with the technical aspects of reactor safety as well as waste storage and plutonium diversion. Chapter 2, The Economics of Electric Power Generation--1975-2000, by R. Michael Murray, Jr., focuses specifically on coal-fired and nuclear plants. Chapter 3, How Can We Get the Nuclear Job Done, by Fritz Heimann, identifies actions that must take place to develop nuclear power in the U.S. and who should build the reprocessing plants. Chapter 4, by Arthur Murphy, Nuclear Power Plant Regulation, discusses the USNRC operation and the Price-Anderson Act specifically. Chapter 5, Nuclear Exports and Nonproliferation Strategy, by John G. Palfrey, treats the international aspects of the problem with primary emphasis upon the situation of the U.S. as an exporter of technology. Chapter 6, by George Kistiakowsky, Nuclear Power: How Much Is Too Much, expresses doubt about the nuclear effort, at least in the short run

Nuclear new developments in Europe

International Nuclear Information System (INIS)

Lucaciu, G.; Chirica, T.

2012-01-01

Conclusions: The European nuclear industry has supported a common EU-level approach to analyzing the consequences of the Fukushima accident and to developing a common framework for reassessing the safety of its nuclear power plants; FORATOM assertion is that nuclear power should feature prominently in the EC Energy Roadmap 2050 later this year; Long-term benefits of nuclear for EU energy supply remain valid: security of supply, competitiveness and low-carbon; Innovative financial instruments are requested for large projects finance; Fukushima will complicate the financing and insurance frames, and possibly affect the overall cost of the nuclear projects; Fair treatment of all production technologies is required

Obligatory provisions for nuclear power plants

International Nuclear Information System (INIS)

Cloosters, W.

2008-01-01

To cover the expenses associated with decommissioning and disposal of their nuclear power plants, German nuclear power plant operators set aside a total of more than EUR 30 billion and entered the respective provisions into their balance sheets. One point of eminent importance in this regard is the question whether these provisions are adequate in amount and permitted under accounting and tax laws. The other point to be considered is whether the funds will be available reliably if and when needed. Against the backdrop of these issues, the practice and importance of making these provisions are described. This is followed by an outline of the basic accounting and taxation aspects. It is seen that obligations under public law can be the basis of financial provisions only if there is a obligation sufficiently concrete in terms of time and object. The following examination of applicable obligations under the Atomic Energy Act incumbent upon nuclear power plant operators with regard to decommissioning and disposal results in the finding that such obligations are only partly regulated in the Atomic Energy Act, and that specifications in terms of time and purpose are insufficient. If the national practice of making financial provisions is to be put on a reliable basis, it is recommended to express the law on decommissioning and its mode of financing in more concrete terms in the Atomic Energy Act. In addition to unequivocal decommissioning and disposal obligations, the Atomic Energy Act should also incorporate regulations about financial provisions for decomissioning which are in need of more precise language. The present practice of making provisions is characterized by the risk that the funds necessary for planned decommissioning and disposal may not be available when needed. It is against this background that possible solutions reducing that risk are discussed. A recommendation is expressed to establish a public fund for decommissioning and disposal to which the

Nuclear power debate

International Nuclear Information System (INIS)

Hunwick, Richard

2005-01-01

A recent resurgence of interest in Australia in the nuclear power option has been largely attributed to growing concerns over climate change. But what are the real pros and cons of nuclear power? Have advances in technology solved the sector's key challenges? Do the economics stack up for Australia where there is so much coal, gas and renewable resources? Is the greenhouse footprint' of nuclear power low enough to justify its use? During May and June, the AIE hosted a series of Branch events on nuclear power across Sydney, Adelaide and Perth. In the interest of balance, and at risk of being a little bit repetitive, here we draw together four items that resulted from these events and that reflect the opposing views on nuclear power in Australia. Nuclear Power for Australia: Irrelevant or Inevitable? - a summary of the presentations to the symposium held by Sydney Branch on 8 June 2005. Nuclear Reactors Waste the Planet - text from the flyer distributed by The Greens at their protest gathering outside the symposium venue on 8 June 2005. The Case For Nuclear Power - an edited transcript of Ian Hore-Lacy's presentation to Adelaide Branch on 19 May 2005 and to Perth Branch on 28 June 2005. The Case Against Nuclear Power - an article submitted to Energy News by Robin Chappie subsequent to Mr Hore-Lacy's presentation to Perth Branch

Nuclear power prospects

Energy Technology Data Exchange (ETDEWEB)

NONE

1960-09-15

A survey of the nuclear power needs of the less-developed countries and a study of the technology and economics of small and medium scale power reactors are envisioned by the General Conference. Agency makes its services available to Member States to assist them for their future nuclear power plans, and in particular in studying the technical and economic aspects of their power programs. The Agency also undertakes general studies on the economics of nuclear power, including the collection and analysis of cost data, in order to assist Member States in comparing and forecasting nuclear power costs in relation to their specific situations

Prospects for nuclear power international after Fukushima

International Nuclear Information System (INIS)

Kidd, Steve

2012-01-01

Full-text: The Fukushima accident in March 2011 has imposed a number of significant challenges for the world nuclear industry, in terms of enhancing safety at both existing and prospective reactor sites and in regaining public trust for its operations. Yet despite setbacks in a number of countries (notably Germany in addition to Japan itself) the overall outlook for nuclear power around the world is little changed from before the accident. The front end of the nuclear fuel cycle is fully internationalised and operates as a series of competitive markets, guaranteeing economic supply to the operating reactors around the world. Although new reactor types with potentially different fuelling modes are on the horizon, nothing much is likely to change before 2030. The back end is, however, comparatively less developed and there remain substantial uncertainties how it will develop in the future. Technical solutions exist, but governments have failed to grasp realities in used fuel management and waste disposal. Although many commentators argue that low levels of public acceptance are the prime reason for nuclear power failing to take a more substantial part of the energy mix, the root cause is relatively poor economics (at least in much of the Western world). Plants cost too much to build, essentially taking too long to complete, by comparison with rival generating technologies. Additionally, cheap natural gas has become a barrier in certain markets. The risk profile of nuclear projects therefore makes it difficult to attract financing but there are some possible solutions to these issues. (author)

Nuclear waste disposal: achieving adequate financing - special study

International Nuclear Information System (INIS)

Quasebarth, M.V.

1984-01-01

An analysis by the Congressional Budget Office (CBO) evaluates whether the current one mill fee now charged to nuclear-electricity consumers will adequately finance the waste disposal program. The CBO found that, if the fee is adjusted annually for inflation, it should provide enough revenues to cover all program costs under all nuclear growth forecasts. If the fee is unchanged, however, the fees will be inadequate if inflation exceeds 3% annually. The report suggests two alternatives for fee revision, but makes no recommendations. The alternatives are to increase the fee only at specific intervals or to automatically adjust the fee through indexation. The report examines the effect of delaying the program, cost overruns, and alternative inflation rate and interest rate assumptions. 3 figures, 12 tables

Financing of radioactive waste disposal

International Nuclear Information System (INIS)

Reich, J.

1989-01-01

Waste disposal is modelled as a financial calculus. In this connection the particularity is not primarily the dimension to be expected of financial requirement but above all the uncertainty of financial requirement as well as the ecological, socio-economic and especially also the temporal dimension of the Nuclear Waste Disposal project (disposal of spent fuel elements from light-water reactors with and without reprocessing, decommissioning = safe containment and disposal of nuclear power plants, permanent isolation of radioactive waste from the biosphere, intermediate storage). Based on the above mentioned factors the author analyses alternative approaches of financing or financial planning. He points out the decisive significance of the perception of risks or the evaluation of risks by involved or affected persons - i.e. the social acceptance of planned and designed waste disposal concepts - for the achievement and assessment of alternative solutions. With the help of an acceptance-specific risk measure developed on the basis of a mathematical chaos theory he illustrates, in a model, the social influence on the financing of nuclear waste disposal. (orig./HP) [de

Nuclear power in Asia

Energy Technology Data Exchange (ETDEWEB)

Hagen, Ronald E.

1998-08-01

Contains Executive Summary and Chapters on: Nuclear Energy in the Asian context; Types of nuclear power reactors used in Asia; A survey of nuclear power by country; The economics of nuclear power; Fuels, fuel cycles and reprocessing; Environmental issues and waste disposal; The weapons issues and nuclear power; Conclusions. (Author)

Financing energy projects: experience of the International Finance Corporation

International Nuclear Information System (INIS)

Bond, Gary; Carter, Laurence

1995-01-01

This paper provides an overview of the recent trend towards private ownership and financing of power projects in the developing countries, focusing on the role played by both private and public agencies in meeting the large financing challenges. The paper draws upon the operational experience of the International Finance Corporation, which has been involved in the financing of more than 30 private power projects in the developing countries over the past three decades. Among the issues that affect implementation of private power projects is the balancing of risk and reward to equity investors and to commercial lenders. The paper discusses the principal sources of risk and the strategies used to manage them. A related issue is the competition for capital on the international markets, and the techniques that are being devised to bring more finance to the power sector. Finally, the paper considers the role of government in bringing private investors to the power sector, and the approaches being adopted to balance the needs of investors with the needs of the public. (author)

Nuclear power

International Nuclear Information System (INIS)

Bupp, I.C.

1991-01-01

Is a nuclear power renaissance likely to occur in the United States? This paper investigates the many driving forces that will determine the answer to that question. This analysis reveals some frequently overlooked truths about the current state of nuclear technology: An examination of the issues also produces some noteworthy insights concerning government regulations and related technologies. Public opinion will play a major role in the unfolding story of the nuclear power renaissance. Some observers are betting that psychological, sociological, and political considerations will hod sway over public attitudes. Others wager that economic and technical concerns will prevail. The implications for the nuclear power renaissance are striking

Nuclear power in perspective

International Nuclear Information System (INIS)

Addinall, E.; Ellington, H.

1982-01-01

The subject is covered in chapters: (the nature of nuclear power) the atomic nucleus - a potential source of energy; how nuclear reactors work; the nuclear fuel cycle; radioactivity - its nature and biological effects; (why we need nuclear power) use of energy in the non-communist world -the changing pattern since 1950; use of energy - possible future scenarios; how our future energy needs might be met; (a possible long term nuclear strategy) the history of nuclear power; a possible nuclear power strategy for the Western World; (social and environmental considerations) the hazards to workers in the nuclear power industry; the hazards to the general public (nuclear power industry; reactor operation; transport of radioactive materials; fuel reprocessing; radioactive waste disposal; genetic hazards); the threat to democratic freedom and world peace. (U.K.)

Dangerous liaisons: Western involvement in the nuclear power industry of central and eastern Europe

International Nuclear Information System (INIS)

1992-12-01

The state of the nuclear industry in central and eastern Europe is an issue of global concern. However, despite all the political talk and corporate hype since the collapse of communist regimes in the region, this study demonstrates that little has so far been done to change the situation. Moreover, the limited level of finance and support which has been offered has tended to support the expansion of nuclear power programmes in central and eastern Europe, rather than address immediately safety concerns relating to existing nuclear reactors and develop more environmentally acceptable and economically efficient energy systems. (author)

The contribution of industry to complementary financing of nuclear liability risk

International Nuclear Information System (INIS)

Delpirou, D.

1993-01-01

The members of OPEN (Association of Nuclear Energy Producers) and UNIPEDE (International Union of Producers and Distributors of Electrical Energy) consider that the creation of a pooling system intended to have industry provide complementary financing of nuclear liability risk cannot be taken for granted at the current stage of discussions. If such a system was set-up, it should respect the following principles: free organization of pools by operators and voluntary association of members; creation of pools on a regional basis; setting of a reasonable maximum contribution for each nuclear installation; system of post event contributions; flexible and economic management of funds

Optimization in the scale of nuclear power generation and the economy of nuclear power

International Nuclear Information System (INIS)

Suzuki, Toshiharu

1983-01-01

In the not too distant future, the economy of nuclear power will have to be restudied. Various conditions and circumstances supporting this economy of nuclear power tend to change, such as the decrease in power demand and supply, the diversification in base load supply sources, etc. The fragility in the economic advantage of nuclear power may thus be revealed. In the above connection, on the basis of the future outlook of the scale of nuclear power generation, that is, the further reduction of the current nuclear power program, and of the corresponding supply and demand of nuclear fuel cycle quantities, the aspect of the economic advantage of nuclear power was examined, for the purpose of optimizing the future scale of nuclear power generation (the downward revision of the scale, the establishment of the schedule of nuclear fuel cycle the stagnation of power demand and nuclear power generation costs). (Mori, K.)

Strategies for Financing Large-scale Carbon Capture and Storage Power Plants in China

OpenAIRE

Liang, X.; Liu, H.; Reiner, D.

2014-01-01

Building on previous stakeholder consultations from 2006 to 2010, we conduct a financial analysis for a generic CCS power plant in China. In comparison with conventional thermal generation technologies, a coal-fired power plant with CCS requires either a 70% higher on-grid electricity tariff or carbon price support of approximately US$50/tonne CO2 in the absence of any other incentive mechanisms or financing strategies. Given the difficulties of relying on any one single measure to finance a ...

Dismantling and decommissioning of Jose Cabrera nuclear power plant

International Nuclear Information System (INIS)

Rodriguez, A.

2009-01-01

With the start of the dismantling works at the Jose Cabrera nuclear power plant now in sight, this is an appropriate moment to look back and consider recent history. The first time that the issue of nuclear power plant dismantling was dealt with was in 1975, at a conference in Paris entitled Nuclear Energy Maturity. Up until then the entire question had been one of design, construction and operation, but since that moment and it has been quite a while since that conference dismantling has begun to be seen as just another activity in the nuclear cycle, a final activity that will sooner or later affect all the facilities, an activity different from its predecessors and with the ultimate objective of restoring the sites for whatever use might be determined. During the 1960s and 1970s, the construction of nuclear power plants was widespread across the entire world. It was the baby boom of nuclear energy and now, forty or fifty years later, we are seeing the arrival of the end of the service lifetime of these plants and are faced with the corresponding general process of dismantling these installations. The dismantling of nuclear power plants has ceased to be an emerging issue and is now consolidated as a regular activity in the nuclear industry, albeit an activity that lacks adequate financing or specific regulation in certain countries. Fortunately this is not the case in Spain, since economic provisions have been planned and the regulatory framework developed. In view of the above, the dismantling of the nuclear power plants is an industrial activity involving specific technologies that implies new professional and business opportunities that should be absorbed and seized by society. In Spain the path followed in this direction has been a long one, as is underlined by the experiences of dismantling the Argos (Barcelona, 1998- 2004) and Arbi (Bilbao, 2002-2005) research reactors, the Andujar Uranium Mill (Jaen, 1991-1995), the Vandellos I nuclear power plant

Renewable energy finance and project ownership. The impact of alternative development structures on the cost of wind power

International Nuclear Information System (INIS)

Wiser, R.H.

1997-01-01

This paper uses traditional financial cash flow techniques to examine the impact of different ownership and financing structures on the cost of renewable energy, specifically wind power. Most large, non-hydroelectric, renewable energy projects are developed, owned and financed by private non-utility generators. Recently, however, US utilities have begun to consider owning and financing their own wind power facilities rather than purchasing power from independent renewable energy suppliers. Utilities in other countries have also expressed interest in direct renewable energy investments. A primary justification for utility ownership of wind turbine power plants is that utility self-financing and ownership is cheaper than purchasing wind energy from non-utility renewable energy suppliers. The results presented in this paper support that justification, although some of the estimated cost savings associated with utility ownership are a result of suboptimal utility analysis procedures and implicit risk shifting. Financing terms and variables are shown to significantly impact wind power costs. (author)

Finance and the nuclear industry

International Nuclear Information System (INIS)

Radtke, G.G.

1983-01-01

The subject is discussed under the headings: the energy situation today; energy investment and capital requirements (finding the necessary funds); further possibilities; future financing (project financing); summary. (U.K.)

Nuclear power

International Nuclear Information System (INIS)

Abd Khalik Wood

2003-01-01

This chapter discuss on nuclear power and its advantages. The concept of nucleus fission, fusion, electric generation are discussed in this chapter. Nuclear power has big potential to become alternative energy to substitute current conventional energy from coal, oil and gas

Energy Balance of Nuclear Power Generation. Life Cycle Analyses of Nuclear Power

International Nuclear Information System (INIS)

Wallner, A.; Wenisch, A.; Baumann, M.; Renner, S.

2011-01-01

The accident at the Japanese nuclear power plant Fukushima in March 2011 triggered a debate about phasing out nuclear energy and the safety of nuclear power plants. Several states are preparing to end nuclear power generation. At the same time the operational life time of many nuclear power plants is reaching its end. Governments and utilities now need to take a decision to replace old nuclear power plants or to use other energy sources. In particular the requirement of reducing greenhouse gas emissions (GHG) is used as an argument for a higher share of nuclear energy. To assess the contribution of nuclear power to climate protection, the complete life cycle needs to be taken into account. Some process steps are connected to high CO2 emissions due to the energy used. While the processes before and after conventional fossil-fuel power stations can contribute up to 25% of direct GHG emission, it is up to 90 % for nuclear power (Weisser 2007). This report aims to produce information about the energy balance of nuclear energy production during its life cycle. The following key issues were examined: How will the forecasted decreasing uranium ore grades influence energy intensity and greenhouse emissions and from which ore grade on will no energy be gained anymore? In which range can nuclear energy deliver excess energy and how high are greenhouse gas emissions? Which factors including ore grade have the strongest impact on excess energy? (author)

Nuclear power and nuclear safety 2008

International Nuclear Information System (INIS)

Lauritzen, B.; Oelgaard, P.L.; Kampmann, D.

2009-06-01

The report is the fifth report in a series of annual reports on the international development of nuclear power production, with special emphasis on safety issues and nuclear emergency preparedness. The report is written in collaboration between Risoe DTU and the Danish Emergency Management Agency. The report for 2008 covers the following topics: status of nuclear power production, regional trends, reactor development, safety related events of nuclear power, and international relations and conflicts. (LN)

Power program and nuclear power

International Nuclear Information System (INIS)

Chernilin, Yu.F.

1990-01-01

Main points of the USSR power program and the role of nuclear power in fuel and power complex of the country are considered. Data on dynamics of economic indices of electric power generation at nuclear power plants during 1980-1988 and forecasts till 2000 are presented. It is shown that real cost of 1 kW/h of electric power is equal to 1.3-1.8 cop., and total reduced cost is equal to 1.8-2.4 cop

Sources of supply for nuclear power

International Nuclear Information System (INIS)

Csik, B.J.

1976-01-01

In a general form, the conditions for the development of nuclear energy are discussed, e.g. market development, State participation, questions concerning safety, licences, financing, fuel cycle, competition. (UA) [de

A cost comparison of nuclear and fossil power for the Alberta tar sands

International Nuclear Information System (INIS)

Sochaski, R.O.; Smith, D.W.

1977-04-01

One technique envisaged for commercial development of the Alberta tar sands is in-situ removal of bitumen by injection of steam into the formation at high temperature and pressure. The 3000 MW of thermal power required for a typical 20 Gg/d plant could be supplied by a nuclear reactor. Accordingly, an economic comparison was made between a CANDU organic-cooled reactor and a conventional coal-fired station, using a variety of financial ground rules. This analysis shows that for debt-financed cases, nuclear power has essentially no economic competition from coal. For equity cases, the competitive position of a coal-fired station is heavily dependent on the cost of coal delivered to the tar sands area, discount rate, amortization period and inflation rate. (author)

Nuclear power revisited

International Nuclear Information System (INIS)

Grear, B.

2008-01-01

Modern development of nuclear power technology and the established framework of international agreements and conventions are responding to the major political, economic and environmental issues - high capital costs, the risks posed by nuclear wastes and accidents, and the proliferation of nuclear weaponry - that until recently hindered the expansion of nuclear power.

Regulations and financing for decommissioning of nuclear facilities

International Nuclear Information System (INIS)

Kumakura, Osamu

1981-01-01

The purpose of this report is to survey the French legislation concerning the decommissioning of nuclear facilities and the method of financing for it. There is no clause in French regulations, which states any specific criterion or licensing procedure for the proper decommissioning. The legal problems in this domain are treated within the general regulation system on atomic energy. The decommissioning of nuclear facilities is carried out in accordance with the licensing procedure for constructing nuclear facilities or the permission procedure for operating them, according to the ''Decree on nuclear installations, 1963''. The works for the final shut-down and decommissioning are regarded as the modification to the safety report or the general operation instructions, and new permit is required. In the case that the radioactivity of substances after decommissioning is above the criteria of the Decree, 1963, the new license is required. In the case of below the criteria, the facilities are governed by the ''Act on installations classified for environmental protection, 1976''. The ''Decree on general radiation protection, 1966'', the ''Decree on radiation protection of workers in nuclear installations, 1975'', the ''Ministerial order on transport of dangerous materials, 1945'', and two ministerial orders on radioactive effluent discharge, 1974, are applied to the decommissioning works. (Kako, I.)

Consequences of reduced production of electricity in nuclear power plants

International Nuclear Information System (INIS)

The Swedish Power Administration has assessed the possibilities of expanding electric power sources other than nuclear power plants for the years 1980 and 1985. Reports on costs in the form of loss of capital and increased operating costs involved in the dismantling of nuclear power plants are made in Supplement 1. The economics division of the Finance Department, starting with a long-range study model of the Swedish economy, has calculated the consequences of a cutback in electric power up to 1980 for Sweden's economy and employment in that year. The consequences of reduction of electricity supplies up to 1985 are summarized in Supplement 2 in this report. It is concluded that in order to be able to manage the problem of supplying electricity by 1985, it will be necessary to increase oil power above what was assumed in the energy policy program. There will have to be new oil-based power as well. According to the Power Administration, oil-power facilities can be expanded to varying degrees, depending upon when the decision is made. The Power Administration's calculations show that 125 TWh is possible in 1985 without nuclear power only if a decision for discontinuation is made in the fall of 1976. This is based on very optimistic assumptions about the time of execution of a program for oil-steam operation, and also on the assumption that extreme measures will be initiated to force expansion of both district-heating distribution and power + heat facilities. Oil consumption for production of electricity in such an electric power system would be about 9 million m 3 , which is about 5 times more than at present and about one-third of the present total consumption of petroleum products in Sweden

600 MW nuclear power database

International Nuclear Information System (INIS)

Cao Ruiding; Chen Guorong; Chen Xianfeng; Zhang Yishu

1996-01-01

600 MW Nuclear power database, based on ORACLE 6.0, consists of three parts, i.e. nuclear power plant database, nuclear power position database and nuclear power equipment database. In the database, there are a great deal of technique data and picture of nuclear power, provided by engineering designing units and individual. The database can give help to the designers of nuclear power

Nuclear power and nuclear safety 2006

International Nuclear Information System (INIS)

Lauritzen, B.; Oelgaard, P.L.; Kampmann, D.; Majborn, B.; Nonboel, E.; Nystrup, P.E.

2007-04-01

The report is the fourth report in a series of annual reports on the international development of nuclear power production, with special emphasis on safety issues and nuclear emergency preparedness. The report is written in collaboration between Risoe National Laboratory and the Danish Emergency Management Agency. The report for 2006 covers the following topics: status of nuclear power production, regional trends, reactor development and development of emergency management systems, safety related events of nuclear power, and international relations and conflicts. (LN)

Nuclear power and nuclear safety 2004

International Nuclear Information System (INIS)

2005-03-01

The report is the second report in a new series of annual reports on the international development of nuclear power production, with special emphasis on safety issues and nuclear emergency preparedness. The report is written in collaboration between Risoe National Laboratory and the Danish Emergency Management Agency. The report for 2004 covers the following topics: status of nuclear power production, regional trends, reactor development and development of emergency management systems, safety related events of nuclear power and international relations and conflicts. (ln)

Nuclear power and nuclear safety 2005

International Nuclear Information System (INIS)

Lauritzen, B.; Oelgaard, P.L.; Kampman, D.; Majborn, B.; Nonboel, E.; Nystrup, P.E.

2006-03-01

The report is the third report in a series of annual reports on the international development of nuclear power production, with special emphasis on safety issues and nuclear emergency preparedness. The report is written in collaboration between Risoe National Laboratory and the Danish Emergency Management Agency. The report for 2005 covers the following topics: status of nuclear power production, regional trends, reactor development and development of emergency management systems, safety related events of nuclear power and international relations and conflicts. (ln)

The Korean nuclear power program

International Nuclear Information System (INIS)

Choi, Chang Tong

1996-01-01

Although the world nuclear power industry may appear to be in decline, continued nuclear power demand in Korea indicates future opportunities for growth and prosperity in this country. Korea has one of the world's most vigorous nuclear power programs. Korea has been an active promoter of nuclear power generation since 1978, when the country introduced nuclear power as a source of electricity. Korea now takes pride in the outstanding performance of its nuclear power plants, and has established a grand nuclear power scheme. This paper is aimed at introducing the nuclear power program of Korea, including technological development, international cooperation, and CANDU status in Korea. (author). 2 tabs

The Financing of Decommissioning - A View on Legal Aspects in Germany

International Nuclear Information System (INIS)

Paul, M.

2006-01-01

Nuclear power plants and other nuclear facilities such as nuclear research facilities will be gradually decommissioned. In all cases of decommissioning, no matter what type of nuclear facility is concerned, it must be ensured that adequate financial means for carrying out the decommissioning process will be available when they are needed. This paper analyses whether the necessary measures have been taken in Germany, by describing the legislative framework of decommissioning and the German system for financing the decommissioning process. The author comes to the conclusion that so far, the German system for financing the decommissioning of nuclear facilities has been successful and that currently there is no reason to doubt the amount or the security of the operators' provisions. Eventually there will be a need for modifications to the German system in order to secure the availability of financial provisions in future. (authors)

Dry spent fuel storage facility at Kozloduy Nuclear Power Plant

International Nuclear Information System (INIS)

Goehring, R.; Stoev, M.; Davis, N.; Thomas, E.

2004-01-01

The Dry Spent Fuel Storage Facility (DSF) is financed by the Kozloduy International Decommissioning Support Fund (KIDSF) which is managed by European Bank for Reconstruction and Development (EBRD). On behalf of the Employer, the Kozloduy Nuclear Power Plant, a Project Management Unit (KPMU) under lead of British Nuclear Group is managing the contract with a Joint Venture Consortium under lead of RWE NUKEM mbH. The scope of the contract includes design, manufacturing and construction, testing and commissioning of the new storage facility for 2800 VVER-440 spent fuel assemblies at the KNPP site (turn-key contract). The storage technology will be cask storage of CONSTOR type, a steel-concrete-steel container. The licensing process complies with the national Bulgarian regulations and international rules. (authors)

The politics of nuclear power

International Nuclear Information System (INIS)

Elliott, D.

1978-01-01

The contents of the book are: introduction; (part 1, the economy of nuclear power) nuclear power and the growth of state corporatism, ownership and control - the power of the multi-nationals, economic and political goals - profit or control, trade union policy and nuclear power; (part 2, nuclear power and employment) nuclear power and workers' health and safety, employment and trade union rights, jobs, energy and industrial strategy, the alternative energy option; (part 3, political strategies) the anti-nuclear movement, trade unions and nuclear power; further reading; UK organisations. (U.K.)

The reality of nuclear power

International Nuclear Information System (INIS)

Murphy, D.

1979-01-01

The following matters are discussed in relation to the nuclear power programmes in USA and elsewhere: siting of nuclear power plants in relation to a major geological fault; public attitudes to nuclear power; plutonium, radioactive wastes and transfrontier contamination; radiation and other hazards; economics of nuclear power; uranium supply; fast breeder reactors; insurance of nuclear facilities; diversion of nuclear materials and weapons proliferation; possibility of manufacture of nuclear weapons by developing countries; possibility of accidents on nuclear power plants in developing countries; radiation hazards from use of uranium ore tailings; sociological alternative to use of nuclear power. (U.K.)

Similarities and differences between conventional power and nuclear power

International Nuclear Information System (INIS)

Wang Yingrong

2011-01-01

As the implementation of the national guideline of 'proactively promoting nuclear power development', especially after China decided in 2006 to introduce Westinghouse's AP1000 technology, some of the power groups specialized in conventional power generation, have been participating in the preliminary work and construction of nuclear power projects in certain degrees. Meanwhile, such traditional nuclear power corporations as China National Nuclear Corporation (CNNC) and China Guangdong Nuclear Power Corporation (CGNPC) have also employed some employees with conventional power generation experience. How can these employees who have long been engaged in conventional power generation successfully adapt to the new work pattern, ideology, knowledge, thinking mode and proficiency of nuclear power, so that they can fit in with the work requirements of nuclear power and become qualified as soon as possible? By analyzing the technological, managerial and cultural features of nuclear power, as well as some issues to be kept in mind when engaged in nuclear power, this paper intends to make some contribution to the nuclear power development in the specific period. (author)

Nuclear power in Korea

Energy Technology Data Exchange (ETDEWEB)

Rim, C S [Radioactive Waste Management Centre, Korea Atomic Energy Research Institute, Taejon, Choong-Nam (Korea, Republic of)

1990-07-01

Before addressing the issue of public and utility acceptance of nuclear power in Korea, let me briefly explain the Korean nuclear power program and development plan for a passively safe nuclear power plant in Korea. At present, there are eight PWRs and one CANDU in operation; two PWRs are under construction, and contract negotiations are underway for one more CANDU and two more PWRs, which are scheduled to be completed by 1997,1998 and 1999, respectively. According to a recent forecast for electricity demand in Korea, about fifty additional nuclear power plants with a generating capacity of 1000MWe are required by the year 2030. Until around 2006, Korean standardized nuclear power plants with evolutionary features such as those in the ALWR program are to be built, and a new type of nuclear power plant with passive safety features is expected to be constructed after 2006. The Korean government is making a serious effort to increase public understanding of the safety of nuclear power plants and radioactive waste storage and disposal. In addition, the Korean government has recently introduced a program of benefits for residents near nuclear power plants. By this program, common facilities such as community centers and new roads are constructed, and scholarships are given to the local students. Nuclear power is accepted positively by the utility and reasonably well by the public in Korea.

Nuclear power in Korea

International Nuclear Information System (INIS)

Rim, C.S.

1990-01-01

Before addressing the issue of public and utility acceptance of nuclear power in Korea, let me briefly explain the Korean nuclear power program and development plan for a passively safe nuclear power plant in Korea. At present, there are eight PWRs and one CANDU in operation; two PWRs are under construction, and contract negotiations are underway for one more CANDU and two more PWRs, which are scheduled to be completed by 1997,1998 and 1999, respectively. According to a recent forecast for electricity demand in Korea, about fifty additional nuclear power plants with a generating capacity of 1000MWe are required by the year 2030. Until around 2006, Korean standardized nuclear power plants with evolutionary features such as those in the ALWR program are to be built, and a new type of nuclear power plant with passive safety features is expected to be constructed after 2006. The Korean government is making a serious effort to increase public understanding of the safety of nuclear power plants and radioactive waste storage and disposal. In addition, the Korean government has recently introduced a program of benefits for residents near nuclear power plants. By this program, common facilities such as community centers and new roads are constructed, and scholarships are given to the local students. Nuclear power is accepted positively by the utility and reasonably well by the public in Korea

Cost of nuclear power generation judged by power rate

International Nuclear Information System (INIS)

Hirai, Takaharu

1981-01-01

According to estimation guidance, power rates in general are the proper cost plus the specific compensation and adjustment addition. However, the current system of power rates is of power-source development promotion type involving its tax. The structure of power rate determination must be restudied now especially in connection of nuclear power generation. The cost of nuclear power generation as viewed from power rate is discussed as follows: the fear of military application of power plants, rising plant construction costs, the loophole in fuel cost calculation, unreasonable unit power cost, depreciation and repair cost, business compensation, undue business compensation in nuclear power, the costs of nuclear waste management, doubt concerning nuclear power cost, personnel, pumping-up and power transmission costs in nuclear power, energy balance analysis, nuclear power viewed in entropy, the suppression of power consumption. (J.P.N.)

Interconnected Power Systems Mexico-Guatemala financed by BID

International Nuclear Information System (INIS)

Martinez, Veronica

2003-01-01

The article describes the plans for the interconnection of the electric power systems of Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and Mexico within the project Plan Pueba Panama. The objective of the interconnection is to create an electric market in the region that contributes to reduce costs and prices. The project will receive a financing of $37.5 millions of US dollars from the Banco Intrameramericano de Desarrollo (BID)

Nuclear Power in Korea

International Nuclear Information System (INIS)

Ha, Duk-Sang

2009-01-01

Full text: Korea's nuclear power program has been promoted by step-by-step approach; the first stage was 1970's when it depended on the foreign contractors' technology and the second was 1980's when it accumulated lots of technology and experience by jointly implementing the project. Lastly in the third stage in 1990's, Korea successfully achieved the nuclear power technological self-reliance and developed its standard nuclear power plant, so-called Optimized Power Reactor 1000 (OPR 1000). Following the development of OPR 1000, Korea has continued to upgrade the design, known as the Advanced Power Reactor 1400 (APR 1400) and APR+. Korea is one of the countries which continuously developed the nuclear power plant projects during the last 30 years while the other advanced countries ceased the project, and therefore, significant reduction of project cost and construction schedule were possible which benefits from the repetition of construction project. And now, its nuclear industry infrastructure possesses the strong competitiveness in this field.The electricity produced from the nuclear power is 150,958 MWh in 2008, which covers approximately 36% of the total electricity demand in Korea, while the installed capacity of nuclear power is 17,716 MW which is 24% of the total installed capacity. We are currently operating 20 units of nuclear power plants in Korea, and also are constructing 8 additional units (9,600 MW). Korea's nuclear power plants have displayed their excellent operating performance; the average plant capacity factor was 93.4% in 2008, which are about 15% higher than the world average of 77.8%. Moreover, the number of unplanned trips per unit was only 0.35 in 2008, which is the world top class performance. Also currently we are operating four CANDU nuclear units in Korea which are the same reactor type and capacity as the Cernavoda Units. They have been showing the excellent operating performance, of which capacity in 2008 is 92.8%. All the Korean

Worldwide nuclear power

International Nuclear Information System (INIS)

Royen, J.

1981-01-01

Worldwide nuclear power (WNP) is a companion volume to UPDATE. Our objective in the publication of WNP is to provide factual information on nuclear power programs and policies in foreign countries to U.S. policymakers in the Federal Government who are instrumental in defining the direction of nuclear power in the U.S. WNP is prepared by the Office of the Assistant Secretary for Nuclear Energy from reports obtained from foreign Embassies in Washington, U.S. Embassies overseas, foreign and domestic publications, participation in international studies, and personal communications. Domestic nuclear data is included only where its presence is needed to provide easy and immediate comparisons with foreign data

Policy planning for nuclear power: An overview of the main issues and requirements

International Nuclear Information System (INIS)

1993-08-01

This special report, Policy Planning for Nuclear Power: An Overview of the Main Issues and Requirements, has been prepared in response to the express request of a number of IAEA Member States for a document to assist makers in developing countries on the introduction of nuclear power. The report contains information on the political, governmental, economic, financial and technical issues and requirements associated with planning and implementing a safe, economic and reliable nuclear power programme. It highlights the main areas in which policies must be developed and decisions taken, as well as the role and responsibilities of government, the plant owner and national industry. Also presented are the main criteria to assist policy planners in defining options and strategies which can achieve a balance among such objectives as cost effective and efficient electricity production, realistic and acceptable financing arrangements, national development requirements, safety and environmental protection. Further information and details on the technical and other issues presented in this report are given in the list of related IAEA publications and documents at the end of this report

Nuclear power generation

International Nuclear Information System (INIS)

Hirao, Katumi; Sato, Akira; Kaimori, Kimihiro; Kumano, Tetsuji

2001-01-01

Nuclear power generation for commercial use in Japan has passed 35 years since beginning of operation in the Tokai Nuclear Power Station in 1966, and has 51 machines of reactor and about 44.92 MW of total output of equipment scale in the 21st century. However, an environment around nuclear energy becomes severer at present, and then so many subjects to be overcome are remained such as increased unreliability of the public on nuclear energy at a chance of critical accident of the JCO uranium processing facility, delay of pull-thermal plan, requirement for power generation cost down against liberalization of electric power, highly aging countermeasure of power plant begun its operation as its Genesis, and so on. Under such conditions, in order that nuclear power generation in Japan survives as one of basic electric source in future, it is necessary not only to pursue safety and reliability of the plant reliable to the public, but also to intend to upgrade its operation and maintenance by positively adopting good examples on operational management method on abroad and to endeavor further upgrading of application ratio of equipments and reduction of generation cost. Here were outlined on operation conditions of nuclear power stations in Japan, and introduced on upgrading of their operational management and maintenance management. (G.K.)

Nuclear power plants

International Nuclear Information System (INIS)

Margulova, T.Ch.

1976-01-01

The textbook focuses on the technology and the operating characteristics of nuclear power plants equiped with pressurized water or boiling water reactors, which are in operation all over the world at present. The following topics are dealt with in relation to the complete plant and to economics: distribution and consumption of electric and thermal energy, types and equipment of nuclear power plants, chemical processes and material balance, economical characteristics concerning heat and energy, regenerative preheating of feed water, degassing and condenser systems, water supply, evaporators, district heating systems, steam generating systems and turbines, coolant loops and pipes, plant siting, ventilation and decontamination systems, reactor operation and management, heat transfer including its calculation, design of reactor buildings, and nuclear power plants with gas or sodium cooled reactors. Numerous technical data of modern Soviet nuclear power plants are included. The book is of interest to graduate and post-graduate students in the field of nuclear engineering as well as to nuclear engineers

Elecnuc. Nuclear power plants worldwide

International Nuclear Information System (INIS)

1998-01-01

This small folder presents a digest of some useful information concerning the nuclear power plants worldwide and the situation of nuclear industry at the end of 1997: power production of nuclear origin, distribution of reactor types, number of installed units, evolution and prediction of reactor orders, connections to the grid and decommissioning, worldwide development of nuclear power, evolution of power production of nuclear origin, the installed power per reactor type, market shares and exports of the main nuclear engineering companies, power plants constructions and orders situation, evolution of reactors performances during the last 10 years, know-how and development of nuclear safety, the remarkable facts of 1997, the future of nuclear power and the energy policy trends. (J.S.)

Nuclear power and nuclear weapons

International Nuclear Information System (INIS)

Vaughen, V.C.A.

1983-01-01

The proliferation of nuclear weapons and the expanded use of nuclear energy for the production of electricity and other peaceful uses are compared. The difference in technologies associated with nuclear weapons and nuclear power plants are described

Economics of nuclear power projects

International Nuclear Information System (INIS)

Chu, I.H.

1985-01-01

Nuclear power development in Taiwan was initiated in 1956. Now Taipower has five nuclear units in smooth operation, one unit under construction, two units under planning. The relatively short construction period, low construction costs and twin unit approach had led to the significant economical advantage of our nuclear power generation. Moreover betterment programmes have further improved the availability and reliability factors of our nuclear power plants. In Taipower, the generation cost of nuclear power was even less than half of that of oil-fired thermal power in the past years ever since the nuclear power was commissioned. This made Taipower have more earnings and power rates was even dropped down in March 1983. As Taiwan is short of energy sources and nuclear power is so well-demonstrated nuclear power will be logically the best choice for Taipower future projects

Prospects of nuclear power in Romania

International Nuclear Information System (INIS)

Ispas, G.; Popescu, D.; Andrei, V.; Glodeanu, F.

2004-01-01

, to the level of 22% in 2015. In November 2003 the Romanian Government issued a memorandum stating that the finalization of the Cernavoda NPP Unit 3 will be achieved through a public-private partnership. To built the Unit 3 a project company will be constituted and for a 40 years period it will operate under concession, in the frame of the BOT (Built-Operate-Transfer), according to the provisions of the Ordinance 16/2002. The project company will be predominantly financed from credits which will be assured with the future incomes and actives of the project, following a similar procedure usually applied in financing the construction of electrical power stations. The Government will not issue state guarantees for loaning the project company. Building new NPP units with the support of the state will be done exclusively in the conditions when the investment expenses are recovered during a reasonable period by selling the electrical energy products. After integration of Romania in 2007 the national strategy in the nuclear field will be aligned to the EU policy

Radioactive waste disposal by nuclear power plants in the light of operational economy

International Nuclear Information System (INIS)

Reinhard, H.; Schmidt, D.

1984-01-01

The expansion of power generation on the basis of nuclear energy in the Federal Republic of Germany calls for answers also to the questions arising at the level of operating efficiency from the radioactive waste disposal requirements necessarily associated with the operation of nuclear power plants. As these are measures of very long-term consequences and which are, for the greater part, only-coming up in future, not only the effects to be expected on the balance of trade and taxbalance, but also the influence on price calculation will be of paramount importance for public utilities. Moreover, because of the continually increasing financial reserves for radioactive waste disposal the financing aspects are gaining added weight; reliance on foreign capital, anyhow specific to that sector of industry, is much aggravated. (orig.) [de

Aspects related to the introduction of nuclear power in developing countries

International Nuclear Information System (INIS)

Ursu, I.

1994-05-01

Taking as basic premises a foreseen growth in the world energy demand, a marked trend towards more electricity in power generation, and an increasingly substantial share of the nuclear in the latter the paper examines the part developing countries may play in the process both as determining factors and subjects. Demography, resources, the natural drive for the betterment of the economic performance and improvements in the standard of living as well as for assertion on the international scene, and the awareness on the disparities in these regards in comparison with the developed countries are indicated as major incentives for the developing countries' seeking enhanced access to nuclear power technology in the decades to come. Flaws in infrastructures, finances, labour force average education, and management capabilities are, on the other hand, pointed at as inhibiting factors, while a prolonged world economic recession and the uncertainties introduced by the current political changes at world scale in conjunction with the intrinsic dual nature of the nuclear technology are believed to further compound the situation. It is argued that an internationally concerted monitoring and assistance involving cooperative donors and acceptors is, probably, the only solution to ensure an orderly, economically sound and politically safe expansion of the nuclear power technology in developing countries. (author). 16 refs, 2 figs, 4 tabs

Nuclear energy: the real cost

International Nuclear Information System (INIS)

Spencer, K.; Marshall, R.; Sweet, C.; Prior, M.; Welsh, I.; Bunyard, P.; Goldsmith, E.; Hildyard, N.; Jeffery, J.W.

1981-01-01

This report on the discussions within a small group of academics falls under the headings: chairman's foreword; summary and recommendations; the government's nuclear power programme and its implications; the CEGB's planning record; the past performance of Britain's nuclear power stations - a guide for the future (query); nuclear power -early uncertainties; historic costs - 'the fraud inherent in all inflationary finance'; current cost accounting; fuel costs - coal stays steady, nuclear rises; net effective cost and the rationale for nuclear power; reinterpreting net effective costs; other considerations; conclusions and recommendations; references. (U.K.)

The role of nuclear power in meeting future U.S. energy needs

International Nuclear Information System (INIS)

Wiggin, E.A.

1977-01-01

Uranium and coal are domestically available fuels that provide a viable means for augmenting dwindling indigenous supplies of natural gas and imported oil to meet U.S. electric power needs during the remainder of the twentieth century. Their availability, coupled with a proven technology for utilizing them efficiently, offers the U.S. an attractive route to energy independence. Uranium, through the breeder, offers the further potential of helping the U.S. meet its energy needs into the twenty-first century - hopefully, until fusion and other high technology alternatives can be brought to commercialization. Notwithstanding the financial, regulatory and institutional problems that have plagued the U.S. nuclear power program over the past two years, the utility industry has maintained its commitment to nuclear power. This reflects to some extent, the absence of a viable alternative. But more importantly, it reflects a conviction on the part of the U.S. utility industry, based on an unmatched record of reliable and safe performance, that nuclear power offers the most economic and most environmentally acceptable means of generating steam to produce electricity. This paper considers the likelihood of the U.S. industry's further commitment to nuclear power vis-a-vis comparable commitments in other parts of the world. It points out wherein those commitments will be contingent upon closing the nuclear fuel cycle. It also addresses, the extent to which such commitments will be influenced by government policy and regulation, financing and manpower requisites, and the challenge of the critics. Finally, this paper points out wherein nuclear power is already a de facto key to a U.S. national energy policy and wherein it can further contribute to the goal of energy independence

Accelerating nuclear power standards development and promoting sound nuclear power development in China

International Nuclear Information System (INIS)

Yang Changli

2008-01-01

The paper expounds the importance of quickening establishment and perfection of nuclear power standard system in China, analyzes achievements made and problems existed during the development of nuclear power standards, put forward proposals to actively promote the work in this regard, and indicates that CNNC will further strengthen the standardization work, enhance coordination with those trades related to nuclear power standards, and jointly promote the development of nuclear power standards. (authors)

Ownership options, financing structures, and regulatory considerations affecting independent power production projects

International Nuclear Information System (INIS)

Knapp, G.M.

1990-01-01

In this paper is a framework for analysis of the legal, financing, and policy differences between independent power production projects (IPPs) and projects with qualifying facility status (QFs) under the Public Utility Regulatory Policies Act (PURPA). At a basic level, there is no fundamental difference in types of ownership and financing structures available to IPPs and QFS. The key consideration, though, is the regulatory and legal implications to project participants. Significant issues arise for equity participants, lenders, developers, and project operators that are considering IPP projects. Of course, many of these same issues apply to certain types of QF projects that are not fully exempt from the Public Utility Holding Company Act (PUHCA) and the Federal Power Act (FPA)

Nuclear Power Today and Tomorrow

International Nuclear Information System (INIS)

Bychkov, Alexander

2013-01-01

Worldwide, with 437 nuclear power reactors in operation and 68 new reactors under construction, nuclear power's global generating capacity reached 372.5 GW(e) at the end of 2012. Despite public scepticism, and in some cases fear, which arose following the March 2011 Fukushima Daiichi nuclear accident, two years later the demand for nuclear power continues to grow steadily, albeit at a slower pace. A significant number of countries are pressing ahead with plans to implement or expand their nuclear power programmes because the drivers toward nuclear power that were present before Fukushima have not changed. These drivers include climate change, limited fossil fuel supply, and concerns about energy security. Globally, nuclear power looks set to continue to grow steadily, although more slowly than was expected before the Fukushima Daiichi nuclear accident. The IAEA's latest projections show a steady rise in the number of nuclear power plants in the world in the next 20 years. They project a growth in nuclear power capacity by 23% by 2030 in the low projection and by 100% in the high projection. Most new nuclear power reactors planned or under construction are in Asia. In 2012 construction began on seven nuclear power plants: Fuqing 4, Shidaowan 1, Tianwan 3 and Yangjiang 4 in China; Shin Ulchin 1 in Korea; Baltiisk 1 in Russia; and Barakah 1 in the United Arab Emirates. This increase from the previous year's figures indicates an on-going interest and commitment to nuclear power and demonstrates that nuclear power is resilient. Countries are demanding new, innovative reactor designs from vendors to meet strict requirements for safety, national grid capacity, size and construction time, which is a sign that nuclear power is set to keep growing over the next few decades.

Nuclear new build: Financing and project management

International Nuclear Information System (INIS)

Keppler, Jan Horst; Cometto, Marco

2015-01-01

As there are more nuclear power reactors under construction today than at any time in history, the authors present in a first part an economic and financial analysis comparing the respective exposure of gas-fired and nuclear power generation to electricity price uncertainty and examine the option of leaving the market in the case of a permanent fall in electricity prices. In a second part, the study more specifically addresses the financial risk associated with the development of a new nuclear project, taking into account not only uncertainty about the future evolution of prices but also about the cost of construction and operations, as well as the implications of different ratios of fixed cost to variable cost for bondholders and equity investors. The authors then address the issue of the management of new build projects and their supply chains, as the nuclear industry is undergoing a number of important developments with massive and discontinuous technological changes that are underway as generation II nuclear power plants (NPPs) are substituted by larger and more complex generation III/III+ plants. The loss of skill and human capital as engineers of the nuclear building boom of the 1970's and 1980's retire must also be factored in, as well as the reconfiguration of the global supply chain, which is driven both by new possibilities in data management, externalisation and logistics, and a secular shift of activity from the United States, Japan, Europe and Korea to China, Southeast Asia and the Middle East

Nuclear power and other energy

International Nuclear Information System (INIS)

Doederlein, J.M.

1975-01-01

A comparison is made between nuclear power plants, gas-fuelled thermal power plants and oil-fired thermal power plants with respect to health factors, economy, environment and resource exploitation, with special reference to the choice of power source to supplement Norwegian hydroelectric power. Resource considerations point clearly to nuclear power, but, while nuclear power has an overall economic advantage, the present economic situation makes its heavy capital investment a disadvantage. It is maintained that nuclear power represents a smaller environmental threat than oil or gas power. Finally, statistics are given showing that nuclear power involves smaller fatality risks for the population than many other hazards accepted without question. (JIW)

Nuclear Security for Floating Nuclear Power Plants

Energy Technology Data Exchange (ETDEWEB)

Skiba, James M. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Scherer, Carolynn P. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

2015-10-13

Recently there has been a lot of interest in small modular reactors. A specific type of these small modular reactors (SMR,) are marine based power plants called floating nuclear power plants (FNPP). These FNPPs are typically built by countries with extensive knowledge of nuclear energy, such as Russia, France, China and the US. These FNPPs are built in one country and then sent to countries in need of power and/or seawater desalination. Fifteen countries have expressed interest in acquiring such power stations. Some designs for such power stations are briefly summarized. Several different avenues for cooperation in FNPP technology are proposed, including IAEA nuclear security (i.e. safeguards), multilateral or bilateral agreements, and working with Russian design that incorporates nuclear safeguards for IAEA inspections in non-nuclear weapons states

Development of a general-purpose mobile robot for use in nuclear power plants

International Nuclear Information System (INIS)

Martinez, A.; Yague, M.A.; Linares, F.

1993-01-01

In recent years, the Space Division of CONSTRUCCIONES AERONAUTICAS (CASA) and EQUIPOS NUCLEARES (ENSA) have participated in several national and international robotics programs in the respective space and nuclear areas. In mid-1992, they decided to jointly undertake the development of a mobile inspection and maintenance robot for Nuclear Power Plants. The success of such a multidisciplinary project was ensured by the way both companies complement each other and by their previous development. Work was begun on the feasibility study and specifications, for which technical meetings were held with personnel from the Medical and Health Physics Association of the utilities (AMYS) and several Nuclear Power Plants. The result of these conversations was a preliminary system design along with the specifications with which the system must comply. With these results, a report and job plan were prepared for construction of two prototypes and submitted to the INI (National Institute of Industry Shareholder of both CASA and ENSA), which decided to finance this second Phase of Development by charging it to the Group's Research Development Fund

RAAN Conference. Support of Nuclear Power. Opening talk

International Nuclear Information System (INIS)

Valeca, Serban

2002-01-01

Nuclear power in Romania was initiated on the basis of CANDU reactor type technology, an option found to fulfill the requirements for a sustainable economic development, to support the electric energy demand of the country and to ensure the population and environment protection. The construction of the Cernavoda NPP was heavily based on the Romanian industry participation and basic and applied nuclear research national resources. The experience acquired from Cernavoda NPP Unit 1 will be fructified in the construction of Units 2-5 to be built. The Romanian Ministry of Education and Research implemented a nuclear national program for research and development taking into account the European Union requirements and recommendations, the cooperation with the IAEA - Vienna and the Romanian government policy on short and medium terms in the nuclear field. The research-development program targeted: the reactor physics and nuclear fuel management; the operation safety of Cernavoda NPP Unit 1; improvement of technological solutions for Cernavoda NPP; improvement of nuclear fuel cycle technology; risk assesment and evaluation of the radiological impact upon the environment; behavior of the materials submitted to operational conditions in the reactor and nuclear facilities; radiation safeguards; application of nuclear technologies and methods in industry, agriculture, health and other sectors of social life. The author highlights also relating topics concerning legislation, financing and international cooperation. He stresses the important role of the Romanian Agency for nuclear activities, R.A.A.N. through the Institute of Nuclear Research at Pitesti, the Center for Technological Engineering for Nuclear Objectives at Bucharest and the Heavy Water Plant at Drobeta Turnu Severin

Fuel-cycle financing, capital requirements and sources of funds

International Nuclear Information System (INIS)

Manderbach, R.W.

1977-01-01

An issue of global importance today is the economic case fro nuclear power and the conservation of precious fossil resources. An important question is whether sufficient financial resources can be attracted to the nuclear industry in order to develop a complete fuel-cycle industry capable of meeting the requirements of a global nuclear power industry. Future growth of the nuclear power industry will depend largely on the timely development of a private competitive industry covering the total fuel cycle. The report of the Edison Electric Institute on Nuclear Fuels Supply estimates that by 1985 initial capital investmentor in the nuclear fuel cycle will total US$15x10 9 and by the year 2000, US$60x10 9 will be required. Although the amount of funding projected is manageable from a global availability standpoint, there is a hesitancy to commit financial resources to certain segments of the fuel cycle, because of the many unresolved problems in connection with the nuclear industry - uncertainty regarding local and international governmental regulations and legislation, environmental and alternative technological considerations coupled with the substantial long-term capital commitments needed in each of the several segments of the processes. Activities associated with the nuclear fuel cycle have unique investment requirements, which are needed in many diverse unrelated fields such as resource development and high technology process. This paper examines sources of capital on a national scale, such as net earnings, depreciation, capital market and public subsidies; and, in the broader context, capital investments in highly industrialized and developing countries. Possible areas of government guarantees and financing; and the situation on financing fuel-cycle projects in the USA and in other countries is also discussed. Comments are included on the money market and investment climate in developing countries, particularly regarding the development of uranium resources

Problems associated with the export of nuclear power plants

International Nuclear Information System (INIS)

1978-01-01

Full text: Recent forecasts indicate that by the year 2000 there will be more than 1000 nuclear power plants operating in 50 countries and with several countries expecting to derive one-half or more of their electric generation from nuclear power plants At present only six countries are exporters of nuclear power systems, three more currently supply their own domestic markets, while the remainder are importers. It is expected that most of the importers will continue to depend to varying degrees on foreign supply, at least in the near future. If nuclear power is to offer an important benefit to the world, the achievement of this benefit will require co-operation between the supplying and receiving nations in overcoming problems which might inhibit the full development of this energy source. In addition to ensuring safety and reliability, special problem areas include financing, skilled manpower needs, adequate local industrial and engineering infrastructure, access to advanced technology, and an assured supply of nuclear fuel. The symposium had special emphasis on the problems facing many of the developing countries in the initial stages of nuclear power programmes, and was divided into three major topics nuclear safety, domestic contributions, and international aspects In the safety area, emphasis was given to the special considerations that may exist for countries that import nuclear plants. These special considerations can be due to some non-standard features of the exported reactor such as lower power ratings, dissimilar site characteristics that can effect the design, and the evolution and changes in design and safety requirements during construction. This can be complicated by differences in safety philosophy and codified standards of the various suppliers and unique construction problems in the less developed countries. Thus, the ability of the importing country to carry out the regulatory and safety function is obviously important. A number of presentations

Nuclear power costs

International Nuclear Information System (INIS)

1963-01-01

A report prepared by the IAEA Secretariat and presented to the seventh session of the Agency's General Conference says that information on nuclear power costs is now rapidly moving from the domain of uncertain estimates to that of tested factual data. As more and more nuclear power stations are being built and put into operation, more information on the actual costs incurred is becoming available. This is the fourth report on nuclear power costs to be submitted to the IAEA General Conference. The report last year gave cost information on 38 nuclear power projects, 17 of which have already gone into operation. Certain significant changes in the data given last year are included-in the present report; besides, information is given on seven new plants. The report is divided into two parts, the first on recent developments and current trends in nuclear power costs and the second on the use of the cost data for economic comparisons. Both stress the fact that the margin of uncertainty in the basic data has lately been drastically reduced. At the same time, it is pointed out, some degree of uncertainty is inherent in the assumptions made in arriving at over-all generating cost figures, especially when - as is usually the case - a nuclear plant is part of an integrated power system

The 21st century nuclear power plant marketplace

International Nuclear Information System (INIS)

Bradley, K.J.

1998-01-01

This paper examines the restructuring of electrical generation, transmission and distribution utilities which is occurring in the Pacific Basin and elsewhere and their impact on the development of the nuclear industry in the region. While many structures currently forming are transitional, the framework of a new, internationalized global utility business is taking shape which profoundly alters the nature of the power generator marketplace. These changes have accelerated and have themselves been affected by recent developments in the technologies and economics of resource discovery and exploitation and power generation. They are occurring in a context of awakening concern for the environment on both local and global levels, rapid reduction of trade and investment barriers, the liberalization of energy pricing and currencies and the globalization of finance and capital markets. They have been both complicated and accelerated by the financial crisis which Asia is currently undergoing. (author)

Nuclear power experience

International Nuclear Information System (INIS)

1983-01-01

The International Conference on Nuclear Power Experience, organized by the International Atomic Energy Agency, was held at the Hofburg Conference Center, Vienna, Austria, from 13 to 17 September 1982. Almost 1200 participants and observers from 63 countries and 20 organizations attended the conference. The 239 papers presented were grouped under the following seven main topics: planning and development of nuclear power programmes; technical and economic experience of nuclear power production; the nuclear fuel cycle; nuclear safety experience; advanced systems; international safeguards; international co-operation. The proceedings are published in six volumes. The sixth volume contains a complete Contents of Volume 1 to 5, a List of Participants, Authors and Transliteration Indexes, a Subject Index and an Index of Papers by Number

Worldwide nuclear power

International Nuclear Information System (INIS)

Anon.

1981-01-01

Worldwide Nuclear Power (WNP) is a companion volume to Update. Our objective in the publication of WNP is to provide factual information on nuclear power programs and policies in foreign countries to U.S. policymakers in the Federal Government. Facts about the status of nuclear activities abroad should be available to those who are instrumental in defining the direction of nuclear power in the U.S. WNP is prepared by the Office of Nuclear Energy from reports obtained from foreign embassies in Washington, U.S. Embassies overseas, foreign and domestic publications, participation in international studies, and personal communications. It consists of two types of information, tabular and narrative. Domestic nuclear data is included only where its presence is needed to provide easy and immediate comparisons with foreign data. In general, complete U.S. information will be found in Update

Nuclear power in Canada

International Nuclear Information System (INIS)

1980-01-01

The Canadian Nuclear Association believes that the CANDU nuclear power generation system can play a major role in achieving energy self-sufficiency in Canada. The benefits of nuclear power, factors affecting projections of electric power demand, risks and benefits relative to other conventional and non-conventional energy sources, power economics, and uranium supply are discussed from a Canadian perspective. (LL)

Nuclear power and the nuclear fuel cycle

Energy Technology Data Exchange (ETDEWEB)

NONE

1976-07-01

The IAEA is organizing a major conference on nuclear power and the nuclear fuel cycle, which is to be held from 2 to 13 May 1977 in Salzburg, Austria. The programme for the conference was published in the preceding issue of the IAEA Bulletin (Vol.18, No. 3/4). Topics to be covered at the conference include: world energy supply and demand, supply of nuclear fuel and fuel cycle services, radioactivity management (including transport), nuclear safety, public acceptance of nuclear power, safeguarding of nuclear materials, and nuclear power prospects in developing countries. The articles in the section that follows are intended to serve as an introduction to the topics to be discussed at the Salzburg Conference. They deal with the demand for uranium and nuclear fuel cycle services, uranium supplies, a computer simulation of regional fuel cycle centres, nuclear safety codes, management of radioactive wastes, and a pioneering research project on factors that determine public attitudes toward nuclear power. It is planned to present additional background articles, including a review of the world nuclear fuel reprocessing situation and developments in the uranium enrichment industry, in future issues of the Bulletin. (author)

The contribution of nuclear energy to meeting Italy's electric power needs

International Nuclear Information System (INIS)

Angelini, A.M.

1977-01-01

ENEL's policy in the development of nuclear energy is based on a number of factors which differentiate Italy's situation from that of most industrialized countries. Among these are the scarcity of natural resources, including energy sources, available in Italy. An extensive recourse to nuclear energy is the best way to achieve that diversification of energy supplies vital to the Italian economy, which, because of the very lack of natural resources, is predominantly based on processing. ENEL's nuclear plan calls for the construction of the four 1000-MW units already on order and of 16 additional units of the same size, divided into two 8-unit blocks, to be decided on respectively in the very near future. The necessary flexibility of the plan for nuclear units to go into service by 1986 is ensured by the subdivision into blocks, with provision for the postponement of the second 8-unit block should the country's economic development require a revision in electric power forecasts. The paper considers in particular the integration between the nuclear plan and ENEL's extensive plan for pumped-storage hydroelectric power plants and the related technical and economic advantages, also on an international scale. The review of Italy's nuclear plan concludes by stressing two essential problems: financing and the availability of sites for nuclear power plants. Finally, the paper supplies some information on the nuclear research, development and demonstration activities connected with the long-term plans; they are centred on the CNEN-ENEL project for the 40,000-kW CIRENE prototype and above all on the EdF-ENEL-RWE joint project for the construction of two over-1000-MW demonstration plants equipped with sodium-cooled breeder reactors. With such reactors it would be possible to achieve a virtually complete energy independence for the nuclear source. (author)

Development of nuclear power

Energy Technology Data Exchange (ETDEWEB)

NONE

1962-01-15

An extensive discussion of problems concerning the development of nuclear power took place at the fifth regular session of the IAEA General Conference in September-October 1961. Not only were there many references in plenary meetings to the nuclear power plans of Member States, but there was also a more specific and detailed debate on the subject, especially on nuclear power costs, in the Program, Technical and Budget Committee of the Conference. The Conference had before it a report from the Board of Governors on the studies made by the Agency on the economics of nuclear power. In addition, it had been presented with two detailed documents, one containing a review of present-day costs of nuclear power and the other containing technical and economic information on several small and medium-sized power reactors in the United States. The Conference was also informed of the report on methods of estimating nuclear power costs, prepared with the assistance of a panel of experts convened by the Agency, which was reviewed in the July 1961 issue of this Bulletin

Development of nuclear power

International Nuclear Information System (INIS)

1962-01-01

An extensive discussion of problems concerning the development of nuclear power took place at the fifth regular session of the IAEA General Conference in September-October 1961. Not only were there many references in plenary meetings to the nuclear power plans of Member States, but there was also a more specific and detailed debate on the subject, especially on nuclear power costs, in the Program, Technical and Budget Committee of the Conference. The Conference had before it a report from the Board of Governors on the studies made by the Agency on the economics of nuclear power. In addition, it had been presented with two detailed documents, one containing a review of present-day costs of nuclear power and the other containing technical and economic information on several small and medium-sized power reactors in the United States. The Conference was also informed of the report on methods of estimating nuclear power costs, prepared with the assistance of a panel of experts convened by the Agency, which was reviewed in the July 1961 issue of this Bulletin

The Kyoto Protocol Emissions Trading Mechanisms - A Model for financing future nuclear development in Romania

International Nuclear Information System (INIS)

Purica, Ionut; John Saroudis

2001-01-01

At the beginning of 2001 Romania ratified the Kyoto Protocol (Law 3/2001) thus becoming the first European country to do so. The mechanisms of the Kyoto Protocol are now opening new ways to sponsor the financing of nuclear projects. In May 2001 Societatea Nationala Nuclearoelectrica S.S. (SNN) and Atomic Energy of Canada Limited and ANSALDO of Italy signed a contract to complete the second CANDU unit at Cernavoda thus giving a new momentum to the nuclear program in Romania. The Government of Romania has indicated its desire to proceed with the completion of the other units on the Cernavoda site and is open to explore every potential financing mechanism to make this a reality. Although the Kyoto Protocol was not ratified by those countries that have the greatest need to reduce emissions, a market for emissions trading has developed, Canada being one of the important players in this market. Since the emission reduction per dollar invested in the Romanian nuclear program would bring much more reduction than the marginal reduction per dollar invested in environmental protection programs in Canada, where the saturation effect is already taking place, we consider that the application of the Kyoto Protocol mechanisms represents a realistic source for a sustainable cooperation of the two countries. This trend is in line with the latest activities of the International Atomic Energy Agency (IAEA). This paper analyzes the impact that the use of emissions credits would have on a typical financing scheme for a future CANDU project in Romania given the present situation and also proposes a model for the structure of the emissions trade that would generate a source of funding for the project. The conclusion is that there is real potential in using Kyoto Protocol mechanisms for financing nuclear development with benefits for both Romania and Canada. (authors)

Nuclear power generation incorporating modern power system practice

CERN Document Server

Myerscough, PB

1992-01-01

Nuclear power generation has undergone major expansion and developments in recent years; this third edition contains much revised material in presenting the state-of-the-art of nuclear power station designs currently in operation throughout the world. The volume covers nuclear physics and basic technology, nuclear station design, nuclear station operation, and nuclear safety. Each chapter is independent but with the necessary technical overlap to provide a complete work on the safe and economic design and operation of nuclear power stations.

Development of nuclear power

International Nuclear Information System (INIS)

1960-01-01

The discussion on the development of nuclear power took place on 28 September 1960 in Vienna. In his opening remarks, Director General Cole referred to the widespread opinion that 'the prospect of cheap electricity derived from nuclear energy offers the most exciting prospect for improving the lot of mankind of all of the opportunities for uses of atomic energy'. He then introduced the four speakers and the moderator of the discussion, Mr. H. de Laboulaye, IAEA Deputy Director General for Technical Operations. n the first part of the discussion the experts addressed themselves in turn to four topics put forward by the moderator. These were: the present technical status of nuclear power, the present costs of nuclear power, prospects for future reductions in the cost of nuclear power, and applications of nuclear power in less-developed areas

Nuclear power: European report

International Nuclear Information System (INIS)

Anon.

2005-01-01

In 2004, nuclear power plants were operated and/or built in eighteen European countries. Thirteen of these countries are members of EU-25. Five of the ten countries joining the European Union on May 1, 2004 operate nuclear power stations. A total of 206 power reactors with a gross power of 181,941 MWe and a net power of 172,699 MWe were in operation at the end of the year. In 2004, one nuclear power plant was commissioned in Russia (Kalinin 3), two (Kmelnitzki 2 and Rowno 4) in Ukraine. Five nuclear power plants were decommissioned in Europe in the course of 2004. As announced in 2000, the Chapelcross 1 to Chapelcross 4 plants in Britain were shut down for economic reasons. In Lithuania, the Ignalina 1 unit was disconnected from the power grid, as had been demanded by the EU Commission within the framework of the negotiations about the country's accession to the EU. As a result of ongoing technical optimization in some plants, involving increases in reactor power or generator power as well as commissioning of plants of higher capacity, nuclear generating capacity increased by approx. 1.5 GW. In late 2004, four nuclear generating units were under construction in Finland (1), Romania (1), and Russia (2). 150 nuclear power plants were operated in thirteen states of the European Union (EU-25), which is sixteen more than the year before as a consequence of the accession of new countries. They had an aggregate gross power of 137,943 MWe and a net power of 131,267 MWe, generating approx. 983 billion gross kWh of electricity in 2003, thus again contributing some 32% to the public electricity supply in the EU-25. In largest share of nuclear power in electricity generation is found in Lithuania (80%), followed by 78% in France, 57% in the Slovak Republic, 56% in Belgium, and 46% in Ukraine. In several countries not operating nuclear power plants of their own, such as Italy, Portugal, and Austria, nuclear power makes considerable contributions to public electricity supply as

Financing waste management, decommissioning and site rehabilitation in the nuclear industry

International Nuclear Information System (INIS)

1987-01-01

The book on financing waste management, decommissioning and site rehabilitation in the nuclear industry, concerns the findings of a survey carried out by the Uranium Institute on the financing of the fuel cycle and utility industries in seventeen countries. The countries included:- Australia, Belgium, Canada, Finland, France, Gabon, German Federal Republic, Italy, Japan, Namibia, South Africa, Spain, Sweden, Switzerland, Taiwan, United Kingdom and United States of America. The survey revealed that provisions for future environmental management costs are being made for most facilities and operations, in some cases dating back over quite a long period. In the case of electricity, such costs are being, or about to be, included in the cost of a kWh by all of the electrical utilities examined. (U.K.)

The future of nuclear power

International Nuclear Information System (INIS)

Zeile, H.J.

1987-01-01

Present conditions and future prospects for the nuclear power industry in the United States are discussed. The presentation includes a review of trends in electrical production, the safety of coal as compared to nuclear generating plants, the dangers of radiation, the economics of nuclear power, the high cost of nuclear power in the United States, and the public fear of nuclear power. 20 refs

Securing a safer, greener, expandable nuclear fuel cycle supply chain for future power production

International Nuclear Information System (INIS)

Capus, Georges

2009-01-01

After looking at what is necessary to sustainably ensure the global nuclear power plant fleet expansion, it becomes appearant that advanced reactor design should be accompanied with a greener and more flexible fuel cycle capability. The financial crisis has invaded all the front pages and our thoughts. However it has not rescheduled the growth of world population or reduced the desire of people in emerging economies to achieve a higher level of 'development'; nor has it alleviated climate change issues that demand CO2 constrained power sources. What is the outlook for nuclear power? On a worldwide basis, we have today a significant fleet of nuclear power plants, operating well, upgrading output, extending lifetime, and producing not only a safe reliable flow of electricity but a good flow of cash as well. For the countries hosting significant shares of this fleet, their nuclear power plants are increasingly precious assets, and despite the financial crisis, most of them are considering expansion of their nuclear fleets. For the others, the desire to access such a reliable and ultimately cheap source of energy will last longer than the temporary difficulties to get its financing. In short, the outlook for a massive phase of new nuclear builds remains very likely. Then comes the consequential issue of the nuclear fuel supply chain. From uranium exploration and production to back end solutions, most of the existing facilities were designed and startup decades ago. The question is therefore, does this supply chain offer the requested characteristics to sustain the nuclear power plants fleet for the long run? By requested characteristics, it is meant not only adequate capacity and improvement of quality, but also environmentally friendly new designs and processes. This paper is aimed at recalling the current situation of the supply chain, then at describing the status of major projects, and finally at identifying some gaps and issues

Reviewing nuclear power

International Nuclear Information System (INIS)

Robinson, Colin

1990-01-01

The UK government has proposed a review of the prospects for nuclear power as the Sizewell B pressurized water reactor project nears completion in 1994. However, a delay in the completion of Sizewell B or a change of government could put off the review for some years beyond the mid 1990s. Anticipating, though, that such a review will eventually take place, issues which it should consider are addressed. Three broad categories of possible benefit claimed for nuclear power are examined. These are that nuclear power contributes to the security of energy supply, that it provides protection against long run fossil fuel price increases and that it is a means of mitigating the greenhouse effect. Arguments are presented which cost doubt over the reality of these benefits. Even if these benefits could be demonstrated, they would have to be set against the financial, health and accident costs attendant on nuclear power. It is concluded that the case may be made that nuclear power imposes net costs on society that are not justified by the net benefits conferred. Some comments are made on how a government review, if and when it takes place, should be conducted. (UK)

Nuclear power and modern society

International Nuclear Information System (INIS)

Komarek, A.

1999-01-01

A treatise consisting of the following sections: Development of modern society (Origin of modern society; Industrial society; The year 1968; Post-industrial society; Worldwide civic society); Historic breaks in the development of the stationary power sector (Stationary thermal power; Historic breaks in the development of nuclear power); Czech nuclear power engineering in the globalization era (Major causes of success of Czech nuclear power engineering; Future of Czech nuclear power engineering). (P.A.)

The Role of Nuclear Power in Hungary, a Regional Comparison

International Nuclear Information System (INIS)

Cserhati, A.

2016-01-01

The presentation and paper are giving the broad picture on the country's nuclear competence and the atomic electricity production in international appraisal. The Central and Eastern Europe (CEE) region nuclear statistics were compiled by the author and appear in compact, easily understandable graphical form: Worldwide and regional figures of nuclear share for electricity generation. Types of operating nuclear power plant units. Age and performance (cumulative load factors) of units. Power uprate history of affected units. Status of the long term operation (or by earlier name: lifetime extension) projects. The cycle length expansion is a transition from 12 to 15 month fuel cycle, as a pioneering initiative of Paks NPP for efficiency increase of VVER-440 type. New build trends will be outlined in general for the world, Europe and the CEE region. The last topic is the Hungarian path to Paks-5 and Paks-6 completion. Preparatory projects (Teller and Levai), establishment of the Paks II company. Potential suppliers and types for the new build (AREVA EPR, ATMEA Atmea1, KEPCO/KHNP APR1400, Rosatom AES-2006, Toshiba-Westinghouse AP1000). Intergovernmental agreement with Russian Federation for building of two 1200 MW units. Financing of 80 percent of the investment by Russian loan with moderate interest rates. Planned schedule of the new build. EC infringement procedures. Public acceptance. (author).

Nuclear power in space

International Nuclear Information System (INIS)

Anghaie, S.

2007-01-01

The development of space nuclear power and propulsion in the United States started in 1955 with the initiation of the ROVER project. The first step in the ROVER program was the KIWI project that included the development and testing of 8 non-flyable ultrahigh temperature nuclear test reactors during 1955-1964. The KIWI project was precursor to the PHOEBUS carbon-based fuel reactor project that resulted in ground testing of three high power reactors during 1965-1968 with the last reactor operated at 4,100 MW. During the same time period a parallel program was pursued to develop a nuclear thermal rocket based on cermet fuel technology. The third component of the ROVER program was the Nuclear Engine for Rocket Vehicle Applications (NERVA) that was initiated in 1961 with the primary goal of designing the first generation of nuclear rocket engine based on the KIWI project experience. The fourth component of the ROVER program was the Reactor In-Flight Test (RIFT) project that was intended to design, fabricate, and flight test a NERVA powered upper stage engine for the Saturn-class lunch vehicle. During the ROVER program era, the Unites States ventured in a comprehensive space nuclear program that included design and testing of several compact reactors and space suitable power conversion systems, and the development of a few light weight heat rejection systems. Contrary to its sister ROVER program, the space nuclear power program resulted in the first ever deployment and in-space operation of the nuclear powered SNAP-10A in 1965. The USSR space nuclear program started in early 70's and resulted in deployment of two 6 kWe TOPAZ reactors into space and ground testing of the prototype of a relatively small nuclear rocket engine in 1984. The US ambition for the development and deployment of space nuclear powered systems was resurrected in mid 1980's and intermittently continued to date with the initiation of several research programs that included the SP-100, Space Exploration

Role of nuclear power

International Nuclear Information System (INIS)

Eklund, S.

1982-01-01

A survey of world nuclear installations, the operating experiences of power reactors, and estimates of future nuclear growth leads to the conclusion that nuclear power's share of world electric power supply will grow slowly, but steadily during this decade. This growth will lead advanced countries to use the commercial breeder by the end of the century. Nuclear power is economically viable for most industrialized and many developing countries if public acceptance problems can be resolved. A restructuring of operational safety and regulations must occur first, as well as a resolution of the safeguards and technology transfer issue. 7 figures, 7 tables

Role and position of Nuclear Power Plants Research Institute in nuclear power industry

International Nuclear Information System (INIS)

Metke, E.

1984-01-01

The Nuclear Power Plants Research Institute carries out applied and experimental research of the operating states of nuclear power plants, of new methods of surveillance and diagnosis of technical equipment, it prepares training of personnel, carries out tests, engineering and technical consultancy and the research of automated control systems. The main research programme of the Institute is the rationalization of raising the safety and operating reliability of WWER nuclear power plants. The Institute is also concerned with quality assurance of selected equipment of nuclear power plants and assembly works, with radioactive waste disposal and the decommissioning of nuclear power plants as well as with the preparation and implementation of the nuclear power plant start-up. The Research Institute is developing various types of equipment, such as equipment for the decontamination of the primary part of the steam generator, a continuous analyzer of chloride levels in water, a gas monitoring instrument, etc. The prospects are listed of the Research Institute and its cooperation with other CMEA member countries. (M.D.)

Export markets for nuclear technology

International Nuclear Information System (INIS)

Huettl, A.J.

1985-01-01

By late 1984, nuclear power plants were in operation or under construction in 32 countries of the globe. An additional six countries had concrete plans for building nuclear power plants. Of these 38 countries, ten have shown that they posses the necessary know-how and the technical facilities to plan and build nuclear power plants practically on their own. Seven of these ten countries have already acted as exporters of nuclear power plants, albeit with very different degrees of market penetration. In addition, there have been a number of countries for quite some time whose industries have managed to manufacture many important nuclear power plant components. Their high level of technical development and the problems frequently encountered in export financing have made them very attractive partners of the true exporters of nuclear power plants. For the future, it must be expected that some of the countries which have so far limited their efforts to the construction of nuclear power plants at home will also develop into exporters of nuclear technology. The report contains a survey of the range of nuclear products available, a list of reactor vendors, reactor lines, and data on the economics of electricity generation in nuclear plants. It then goes on to offer detailed descriptions of the market and the demand situation. Interesting chapters are devoted to the selection criteria applied by importing countries, to financing problems, and to the influences exerted by the political environment. A realistic forecast is attempted in order to make a quantitative analysis of possible export contracts up until the year 2000. (orig.) [de

UK experience of planning the nuclear contribution to the UK power programme

International Nuclear Information System (INIS)

Catchpole, S.; Jenkin, F.P.

1977-01-01

The paper outlines U.K. experience in planning nuclear programmes. It examines the factors which have determined the size of such programmes together with those factors which have influenced their implementation. The paper also discusses the role which the utility has played in the deployment of nuclear power in the U.K. At present, nuclear energy can only be utilised on a large scale via the electricity route and the forecasting of electricity demand is therefore a key element in determining the size of the nuclear programme. Other important issues which affect the nuclear contribution are: national fuel policies, discontinuities in price and availability of imported fossil fuels, plant capital costs, fuel price relativities, plant siting, rate of introduction of new nuclear systems, manufacturer's capability, public attitudes towards nuclear power and financing. These issues are dealt with in some detail including their relative importance in the U.K. The paper also discusses the contribution of the various nuclear bodies in the U.K. in securing the implementation of the nuclear programmes. From the inception of nuclear power in the U.K., it has been recognised that a major utility has a central role to play not only in commercial operation but also in the procurement of plant and materials. As explained in the paper this ''informed buyer'' approach, which is being increasingly adopted by other major utilities, calls for an organisation and technical infrastructure far more complex than is the case for fossil plants. The requirements of safety, which is unambiguously the responsibility of the utility, and of high availability of plant operation demand a rigorous approach to design, quality assurance, project management, construction and operation. To this must be added sound research and development and staff training facilities. The paper explains how experience in these vital areas has been built up

Wind power: valuation and finance

International Nuclear Information System (INIS)

Aastrand, C.; Mose, O.; Sorensen, B.

1996-01-01

The past 20 years of wind energy experience in Denmark has primarily been based upon three financing schemes, tailored to individually owned, guild owned and utility owned wind turbines. The merits of and problems with these schemes are discussed, as well as their relations to specific legislation regarding e.g. taxation. It is finally explored, whether new forms of organisation, valuation and financing may be needed. (author)

Banning nuclear power at sea

International Nuclear Information System (INIS)

Handler, J.

1993-01-01

This article argues that now that the East-West conflict is over, nuclear-powered vessels should be retired. Nuclear-powered ships and submarines lack military missions, are expensive to build and operate, generate large amounts of long-lived deadly nuclear waste from their normal operations and when they are decommissioned, and are subject to accidents or deliberate attack which can result in the sinking of nuclear reactors and the release of radiation. With the costs of nuclear-powered vessels mounting, the time has come to ban nuclear power at sea. (author)

The need for nuclear power

International Nuclear Information System (INIS)

1977-12-01

This leaflet examines our energy future and concludes that nuclear power is an essential part of it. The leaflet also discusses relative costs, but it does not deal with social and environmental implications of nuclear power in any detail, since these are covered by other British Nuclear Forum publications. Headings are: present consumption; how will this change in future; primary energy resources (fossil fuels; renewable resources; nuclear); energy savings; availability of fossil fuels; availability of renewable energy resources; the contribution of thermal nuclear power; electricity; costs for nuclear power. (U.K.)

Nuclear power statistics 1985

International Nuclear Information System (INIS)

Oelgaard, P.L.

1986-06-01

In this report an attempt is made to collect literature data on nuclear power production and to present it on graphical form. Data is given not only for 1985, but for a number of years so that the trends in the development of nuclear power can be seen. The global capacity of nuclear power plants in operation and those in operation, under construction, or on order is considered. Further the average capacity factor for nuclear plants of a specific type and for various geographical areas is given. The contribution of nuclear power to the total electricity production is considered for a number of countries and areas. Finally, the accumulated years of commercial operation for the various reactor types up to the end of 1985 is presented. (author)

Nuclear power economics

International Nuclear Information System (INIS)

Moynet, G.

1987-01-01

The economical comparison of nuclear power plants with coal-fired plants in some countries or areas are analyzed. It is not difficult to show that nuclear power will have a significant and expanding role to play in providing economic electricity in the coming decades. (Liu)

Energy policy and nuclear power. Expectations of the power industry

International Nuclear Information System (INIS)

Harig, H.D.

1995-01-01

In the opinion of the power industry, using nuclear power in Germany is a responsible attitude, while opting out of nuclear power is not. Electricity utilities will build new nuclear power plants only if the structural economic and ecological advantages of nuclear power are preserved and can be exploited in Germany. The power industry will assume responsibility for new complex, capital-intensive nuclear plants only if a broad societal consensus about this policy can be reached in this country. The power industry expects that the present squandering of nuclear power resources in Germany will be stopped. The power industry is prepared to contribute to finding a speedy consensus in energy policy, which would leave open all decisions which must not be taken today, and which would not constrain the freedom of decision of coming generations. The electricity utilities remain committed proponents of nuclear power. However, what they sell to their customers is electricity, not nuclear power. (orig.) [de

The ethical justification of nuclear power

International Nuclear Information System (INIS)

Van Wyk, J.H.

1985-01-01

This study pamphlet deals with the questions of ethics, nuclear power and the ethical justification of nuclear power. Nuclear power is not only used for warfare but also in a peaceful way. Ethical questions deal with the use of nuclear weapons. Firstly, a broad discussion of the different types of ethics is given. Secondly, the peaceful uses of nuclear power, such as nuclear power plants, are discussed. In the last place the application of nuclear power in warfare and its disadvantages are discussed. The author came to the conclusion that the use of nuclear power in warfare is in contrary with all Christian ethics

Global Sustainable Development: The Role of Nuclear Power

International Nuclear Information System (INIS)

Hatcher, Stanley R.

1990-01-01

The inevitable growth in the world's population and the need for a reasonable standard of living for all nations will drive the demand for energy to much higher levels than the world has yet experienced. A radical improvement in energy efficiency and conservation could limit the global annual demand to 100 GJ per person. consumption of North America. With the developing nations achieving a standard of living commensurate with this level, the global energy demand would increase by a factor of 2.5 to 1000 EJ per year. Concern over the impact of CO 2 emissions on global warming will likely lead to an international consensus on some reduction in the use of fossil fuels. To maintain environmental sustainability, all nations of the world would need to limit their fossil fuel consumption, particularly those in North America and Europe. Other energy sources will play an important role in all regions. However, the main burden is likely to fall upon nuclear energy as an essential element of the total energy supply. The danger eliminated while sustaining global development if the governments of the world commit to the use of nuclear power on a global scale. The industrial intrastucture can be put in place for such a major international program. A more difficult question is the availability of the necessary financing. On a global scale the financial requirement is within the range of current military expenditures. However, it is clear that not all the countries of Asia, Africa and Latin America will be able to finance their own needs. A new international cooperative program will be necessary. The needed change in energy patterns is dramatic and will take time to implement. The change should be underway by the beginning of the next century. Otherwise the world faces the prospect of environmental disaster and social disruption as the nations struggle to improve their living standards through the increased use of fossil fuels. The role of nuclear power in providing the energy for

Dictionary of nuclear power

International Nuclear Information System (INIS)

Koelzer, W.

2012-06-01

The actualized version (June 2012) of the dictionary on nuclear power includes all actualizations and new inputs since the last version of 2001. The original publication dates from 1980. The dictionary includes definitions, terms, measuring units and helpful information on the actual knowledge concerning nuclear power, nuclear fuel cycle, nuclear facilities, radioactive waste management, nuclear physics, reactor physics, isotope production, biological radiation effects, and radiation protection.

Italian nuclear power industry after nuclear power moratorium: Current state and future prospects

International Nuclear Information System (INIS)

Adinolfi, R.; Previti, G.

1992-01-01

Following Italy's nuclear power referendum results and their interpretation, all construction and operation activities in the field of nuclear power were suspended by a political decision with consequent heavy impacts on Italian industry. Nevertheless, a 'nuclear presidium' has been maintained, thanks to the fundamental contribution of activities abroad, succeeding in retaining national know-how and developing the new technologies called for the new generation of nuclear power plants equipped with intrinsic and/or passive reactor safety systems

Nuclear power in Pakistan

International Nuclear Information System (INIS)

Siddiqui, Z.H.; Qureshi, I.H.

2005-01-01

Pakistan started its nuclear power program by installing a 137 M We Canadian Deuterium Reactor (Candu) at Karachi in 1971 which became operational in 1972. The post-contract technical support for the Karachi Nuclear Power Plant (KANUPP) was withdrawn by Canada in 196 as a consequence of Indian nuclear device test in 1974. In spite of various difficulties PAEC resolved to continue to operate KANUPP and started a process for the indigenous fabrication of spare parts and nuclear fuel. The first fuel bundle fabricated in Pakistan was loaded in the core in 1980. Since then KANUPP has been operating on the indigenously fabricated fuel. The plant computer systems and the most critical instrumentation and Control system were also replaced with up-to date technology. In 2002 KANUPP completed its original design life of 30 year. A program for the life extension of the plant had already been started. The second nuclear power plant of 300 M We pressurized water reactor purchased from China was installed in Chashma in 1997, which started commercial operations in 2001. Another unit of 300 M We will be installed at Chashma in near future. These nuclear power plants have been operating under IAEA safeguards agreements. PAEC through the long-term performance of the two power plants has demonstrated its competence to safely and successfully operate and maintain nuclear power plants. Pakistan foresees an increasingly important and significant share of nuclear power in the energy sector. The Government has recently allocated a share of 8000 MWe for nuclear energy in the total energy scenario of Pakistan by the year 2025. (author)

Nuclear power and the nuclear fuel cycle

International Nuclear Information System (INIS)

1988-06-01

The percentage of electricity generated by nuclear energy in each of the 26 countries that operated nuclear power plants in 1987 is given. The current policy and programs of some of these countries is described. News concerning uranium mining, enrichment, reprocessing and waste management is also included. Data in the form of a generalized status summary for all power reactors (> 30 MWEN) prepared from the nuclear power reactor data files of ANSTO is shown

Without nuclear power

International Nuclear Information System (INIS)

1987-01-01

The arguments put forward by the SPD point to the following: Backing out of nuclear power is a must, because of the awful quality of the hazards involved; because there can be no real separation guaranteed between civil and military utilisation of nuclear energy; for reasons of international responsibility; because we must not pass the buck on to the next generation; because social compatibility must be achieved; because the story of the 'cheap' nuclear generation of electricity is a fairy tale; because nuclear power pushes back coal as an energy source; because current ecological conditions call for abandonment of nuclear power, and economic arguments do not really contradict them. A reform of our energy system has to fulfill four requirements: Conserve energy; reduce and avoid environmental pollution; use renewable energy sources as the main sources; leave to the next generation the chance of choosing their own way of life. (HSCH) [de

Mobile nuclear power systems

International Nuclear Information System (INIS)

Andersson, B.

1988-11-01

This report is meant to present a general survey of the mobile nuclear power systems and not a detailed review of their technical accomplishments. It is based in published material mainly up to 1987. Mobile nuclear power systems are of two fundamentally different kinds: nuclear reactors and isotopic generators. In the reactors the energy comes from nuclear fission and in the isotopic generators from the radioactive decay of suitable isotopes. The reactors are primarily used as power sourves on board nuclear submarines and other warships but have also been used in the space and in remote places. Their thermal power has ranged from 30 kWth (in a satellite) to 175 MWth (on board an aircraft carrier). Isotopic generators are suitable only for small power demands and have been used on board satellites and spaceprobes, automatic weatherstations, lighthouses and marine installations for navigation and observation. (author)

Nuclear power in Asia

International Nuclear Information System (INIS)

2007-01-01

The Australian Uranium Association reports that Asia is the only region in the world where electricity generating capacity and specifically nuclear power is growing significantly. In East and South Asia, there are over 109 nuclear power reactors in operation, 18 under construction and plans to build about a further 100. The greatest growth in nuclear generation is expected in China, Japan, South Korea and India. As a member of the SE Asian community, Australia cannot afford to ignore the existence and growth of nuclear power generation on its door step, even if it has not, up to now, needed to utilise this power source

Table of written agreements on securing safety of nuclear power plants (Saga, Shimane, Fukushima, Ehime, Miyagi, Ibaraki, Fukui and Shizuoka prefectures)

International Nuclear Information System (INIS)

1981-01-01

A table collecting the written agreements concluded between local city, town and village offices, prefectural governments and the local nuclear enterprises on securing nuclear power safety is given, which was prepared by the study committee on local development and finance problems in Japan Atomic Industrial Forum, Inc. The prefectures, with each of which the agreement was concluded are Saga, Shimane, Fukushima, Ehime, Miyagi, Ibaraki, Fukui and Shizuoka. The local nuclear enterprises are Kyushu, Chugoku, Tokyo, Shikoku, Tohoku, Chubu and Kansai Electric Power Companies, Japan Atomic Power Company, Japan Atomic Energy Research Institute, Power Reactor and Nuclear Fuel Development Corporation, etc. The contents of the agreements are as follows: radioactive waste and material control, understanding in advance of plans, environmental radioactivity measurement, presentation of measured results, hazard countermeasures, communication in normal plant operation and others, on the spot inspection, damage compensation, etc. (J.P.N.)

Nuclear power

International Nuclear Information System (INIS)

1987-01-01

''Nuclear Power'' describes how a reactor works and examines the different designs including Magnox, AGR, RBMK and PWR. It charts the growth of nuclear generation in the world and its contributions to world energy resources. (author)

Plan 2010. Costs starting in 2012 for the radioactive residual products from nuclear power. Basis for fees and guarantees during the period 2012-2014

Energy Technology Data Exchange (ETDEWEB)

2010-12-15

According to the current regulatory framework, it is the responsibility of the holder of a licence to own or operate a nuclear power reactor to prepare a calculation of the costs for all measures that are needed for the management and disposal of spent nuclear fuel that has been used in the reactors and other radioactive waste products and to decommission and dismantle the reactor plants. The regulatory framework comprises the Act (2006:647) and the Ordinance (2008:715) on Financial Measures for the Management of Residual Products from Nuclear Activities (hereinafter referred to as the Financing Act and the Financing Ordinance, respectively). This cost calculation shall be submitted periodically to the Government or the authority designated by the Government. SKB's owners have assigned SKB the task of preparing such a cost calculation jointly for the licensees of the Swedish nuclear power plants. The present report, which is the twenty-eighth annual plan report, gives an updated compilation of these costs. As in previous years' reports, the costs are shown for two cases. The first case concerns the system as a whole, including management and disposal of radioactive operational waste plus certain waste deriving from other facilities than those belonging to SKB's owners. This case has been based on a scenario concerning reactor operation that is based on the nuclear power plant owners' current planning. The second case concerns the system with the restrictions that follow from the regulatory framework, which stipulates the time for operation of the reactors that is supposed to serve as a basis for fees. The report is divided into three parts: Chapter 1 provides background information regarding the Financing Act and SKB's calculation model. Chapter 2 provides information on the underlying calculation, which is based on current plans for reactor operation and SKB's activities. Chapter 3 presents the cost estimates required by the Financing

Plan 2010. Costs starting in 2012 for the radioactive residual products from nuclear power. Basis for fees and guarantees during the period 2012-2014

International Nuclear Information System (INIS)

2010-12-01

According to the current regulatory framework, it is the responsibility of the holder of a licence to own or operate a nuclear power reactor to prepare a calculation of the costs for all measures that are needed for the management and disposal of spent nuclear fuel that has been used in the reactors and other radioactive waste products and to decommission and dismantle the reactor plants. The regulatory framework comprises the Act (2006:647) and the Ordinance (2008:715) on Financial Measures for the Management of Residual Products from Nuclear Activities (hereinafter referred to as the Financing Act and the Financing Ordinance, respectively). This cost calculation shall be submitted periodically to the Government or the authority designated by the Government. SKB's owners have assigned SKB the task of preparing such a cost calculation jointly for the licensees of the Swedish nuclear power plants. The present report, which is the twenty-eighth annual plan report, gives an updated compilation of these costs. As in previous years' reports, the costs are shown for two cases. The first case concerns the system as a whole, including management and disposal of radioactive operational waste plus certain waste deriving from other facilities than those belonging to SKB's owners. This case has been based on a scenario concerning reactor operation that is based on the nuclear power plant owners' current planning. The second case concerns the system with the restrictions that follow from the regulatory framework, which stipulates the time for operation of the reactors that is supposed to serve as a basis for fees. The report is divided into three parts: Chapter 1 provides background information regarding the Financing Act and SKB's calculation model. Chapter 2 provides information on the underlying calculation, which is based on current plans for reactor operation and SKB's activities. Chapter 3 presents the cost estimates required by the Financing Act that are the primary

Future nuclear power generation

International Nuclear Information System (INIS)

Mosbah, D.S.; Nasreddine, M.

2006-01-01

The book includes an introduction then it speaks about the options to secure sources of energy, nuclear power option, nuclear plants to generate energy including light-water reactors (LWR), heavy-water reactors (HWR), advanced gas-cooled reactors (AGR), fast breeder reactors (FBR), development in the manufacture of reactors, fuel, uranium in the world, current status of nuclear power generation, economics of nuclear power, nuclear power and the environment and nuclear power in the Arab world. A conclusion at the end of the book suggests the increasing demand for energy in the industrialized countries and in a number of countries that enjoy special and economic growth such as China and India pushes the world to search for different energy sources to insure the urgent need for current and anticipated demand in the near and long-term future in light of pessimistic and optimistic outlook for energy in the future. This means that states do a scientific and objective analysis of the currently available data for the springboard to future plans to secure the energy required to support economy and welfare insurance.

Nuclear power 2005: European report

International Nuclear Information System (INIS)

Anon.

2006-01-01

In 2005, nuclear power plants were operated and/or built in eighteen European countries. Thirteen of these countries are members of EU-25. Five of the ten countries joining the European Union on May 1, 2004 operate nuclear power stations. A total of 204 power reactors with a gross power of 181,030 MWe and a net power of 171,8479 MWe were in operation at the end of the year. In 2005, no nuclear power plant was commissioned. Two nuclear power plants were decommissioned in Europe in the course of 2005. In Germany the Obrigheim NPP and in Sweden the Barsebaeck 2 NPP have been permanently shut down due to political decisions. As a result of ongoing technical optimization in some plants, involving increases in reactor power or generator power as well as commissioning of plants of higher capacity, nuclear generating capacity increased by approx. 1.6 GW. In late 2005, five nuclear generating units were under construction in Finland (1), Romania (1), and Russia (3). 148 nuclear power plants were operated in thirteen states of the European Union (EU-25). They had an aggregate gross power of 137,023 MWe and a net power of 130,415 MWe, generating approx. 970 billion gross kWh of electricity in 2005, thus again contributing some 31% to the public electricity supply in the EU-25. In largest share of nuclear power in electricity generation is found in France (80%), followed by 72% in Lithuania, 55% in the Slovak Republic, 55% in Belgium, and 51% in Ukraine. In several countries not operating nuclear power plants of their own, such as Italy, Portugal, and Austria, nuclear power makes considerable contributions to public electricity supply as a result of electricity imports. (All statistical data in the country report apply to 2004 unless indicated otherwise. This is the year for which sound preliminary data are currently available for the states listed.) (orig.)

Nuclear power development

International Nuclear Information System (INIS)

Povolny, M.

1980-01-01

The development and uses of nuclear power in Czechoslovakia and other countries are briefly outlined. In the first stage, the Czechoslovak nuclear programme was oriented to the WWER 440 type reactor while the second stage of the nuclear power plant construction is oriented to the WWER 10O0 type reactor. It is envisaged that 12 WWER 440 type reactors and four to five WWER 1000 type reactors will be commissioned till 1990. (J.P.)

Nuclear power experience

International Nuclear Information System (INIS)

Daglish, J.

1982-01-01

A report is given of a recent international conference convened by the IAEA to consider the technical and economic experience acquired by the nuclear industry during the past 30 years. Quotations are given from a number of contributors. Most authors shared the opinion that nuclear power should play a major role in meeting future energy needs and it was considered that the conference had contributed to make nuclear power more viable. (U.K.)

The main steps of the Romanian nuclear power program development - Accumulated experience

International Nuclear Information System (INIS)

Chirica, T.; Popescu, D.; Condu, M.; Vatamanu, M.

1998-01-01

The paper presents a historical summary of the Romanian Nuclear Power Program development, providing details for the main criteria and principles the Program was based upon, the contracts signed with the foreign partners to implement it, and the national participation (site contractors, suppliers and design organizations). The effect of the equipment assimilation program on the NPP Cernavoda (5x700 MWe) and especially on Unit 1 schedule and performance is analyzed. Further on the impact of the transition from centralized to a market economy over the Romanian Nuclear Power Program development is analyzed, providing information's on its actual status and perspectives for the next 20 years. A description of the NPP Cernavoda Unit 1 actual progress and of the main steps performed by RENEL to get finance to complete NPP Cernavoda Unit 2 is included. Finally there is summarized the accumulated experience, and its feed back on RENEL strategy to complete NPP Cernavoda Unit 2. (author)

Nuclear power and nuclear safety 2011

International Nuclear Information System (INIS)

Lauritzen, B.; Oelgaard, P.L.; Aage, H.K.; Kampmann, D.; Nystrup, P.E.; Thomsen, J.

2012-07-01

The report is the ninth report in a series of annual reports on the international development of nuclear power production, with special emphasis on safety issues and nuclear emergency preparedness. The report is written in collaboration between Risoe DTU and the Danish Emergency Management Agency. The report for 2011 covers the following topics: status of nuclear power production, regional trends, reactor development, safety related events, international relations and conflicts, and the Fukushima accident. (LN)

Nuclear power and nuclear safety 2009

International Nuclear Information System (INIS)

Lauritzen, B.; Oelgaard, P.L.; Kampmann, D.; Nystrup, P.E.; Thorlaksen, B.

2010-05-01

The report is the seventh report in a series of annual reports on the international development of nuclear power production, with special emphasis on safety issues and nuclear emergency preparedness. The report is written in collaboration between Risoe DTU and the Danish Emergency Management Agency. The report for 2009 covers the following topics: status of nuclear power production, regional trends, reactor development, safety related events, international relations, conflicts and the European safety directive. (LN)

The problem of nuclear power

International Nuclear Information System (INIS)

Heimbrecht, J.; Kade, G.; Krusewitz, K.; Moldenhauer, B.; Steinhaus, K.; Weish, P.

1977-01-01

The battle over the problems of nuclear power has gone on in the Federal Republic for several years. The Buergerinitiativen, which used to be small and largely unpolitical, have become a major social force during this time. Subjects: 1) Dangers of nuclear power - can the risk be justified; 2)The necessity of nuclear power; 3) The enforcement of nuclear power - political and economic background; 4) Limits of power generation - limits of growth or limits of the system. (orig./HP) [de

Nuclear power renaissance or demise?

Energy Technology Data Exchange (ETDEWEB)

Dossani, Umair

2010-09-15

Nuclear power is going through a renaissance or demise is widely debated around the world keeping in mind the facts that there are risks related to nuclear technology and at the same time that is it environmentally friendly. My part of the argument is that there is no better alternative than Nuclear power. Firstly Nuclear Power in comparison to all other alternative fuels is environmentally sustainable. Second Nuclear power at present is at the dawn of a new era with new designs and technologies. Third part of the debate is renovation in the nuclear fuel production, reprocessing and disposal.

Liberation of electric power and nuclear power generation

International Nuclear Information System (INIS)

Yajima, Masayuki

2000-01-01

In Japan, as the Rule on Electric Business was revised after an interval of 35 years in 1995, and a competitive bid on new electric source was adopted after 1996 fiscal year, investigation on further competition introduction to electric power market was begun by establishment of the Basic Group of the Electric Business Council in 1997. By a report proposed on January, 1999 by the Group, the Rule was revised again on March, 1999 to start a partial liberation or retail of the electric power from March, 2000. From a viewpoint of energy security and for solution of global environmental problem in Japan it has been decided to positively promote nuclear power in future. Therefore, it is necessary to investigate how the competition introduction affects to development of nuclear power generation and what is a market liberation model capable of harmonizing with the development on liberation of electric power market. Here was elucidated on effect of the introduction on previous and future nuclear power generation, after introducing new aspects of nuclear power problems and investigating characteristic points and investment risks specific to the nuclear power generation. And, by investigating some possibilities to development of nuclear power generation under liberation models of each market, an implication was shown on how to be future liberation on electric power market in Japan. (G.K.)

Nuclear power. Volume 2: nuclear power project management

International Nuclear Information System (INIS)

Anon.

1980-01-01

The following topics are discussed: review of nuclear power plants; licensing procedures; safety analysis; project professional services; quality assurance and project organization; construction, scheduling and operation; construction, scheduling and operation; nuclear fuel handling and fuel management; and plant cost management. 116 references, 115 figures, 33 tables

Development of Czechoslovak nuclear power complex

International Nuclear Information System (INIS)

Rajci, T.

1986-01-01

The research project ''Development of the Czechoslovak nuclear power complex'' was undertaken by several Czechoslovak institutions and was coordinated by the Research Institute of the Fuel and Power Complex in Bratislava. Involved in the project was a staff of 170 people. 274 reports were pulished and the cost approached 70 mill. Czechoslovak crowns. The results are characterized of all six partial tasks. Basic information was prepared for the forecast of the solution of fuel and power problems in Czechoslovakia up to the year 2000 and their prospects up to the year 2020. Program MORNAP was written for the development of nuclear power, which models the operation of a power generation and transmission system with a selectable number of nuclear power plants. Another partial task related to the fuel cycle of nuclear power plants with respect to long-term provision and management of nuclear fuel. Nuclear safety was split into three problem groups, viz.: system safety of nuclear power plant operation; radiation problems of nuclear power plant safety; quality assurance of nuclear power plant components. The two remaining tasks were devoted to nuclear power engineering and to civil engineering. (Z.M.). 3 tabs., 1 refs

Nuclear power safety

International Nuclear Information System (INIS)

1991-11-01

This paper reports that since the Chernobyl nuclear plant accident in 1986, over 70 of the International Atomic Energy Agency's 112 member states have adopted two conventions to enhance international cooperation by providing timely notification of an accident and emergency assistance. The Agency and other international organizations also developed programs to improve nuclear power plant safety and minimize dangers from radioactive contamination. Despite meaningful improvements, some of the measures have limitations, and serious nuclear safety problems remain in the design and operation of the older, Soviet-designed nuclear power plants. The Agency's ability to select reactors under its operational safety review program is limited. Also, information on the extent and seriousness of safety-related incidents at reactors in foreign countries is not publicly available. No agreements exist among nuclear power countries to make compliance with an nuclear safety standards or principles mandatory. Currently, adherence to international safety standards or principles is voluntary and nonbinding. Some states support the concept of mandatory compliance, but others, including the United States, believe that mandatory compliance infringes on national sovereignty and that the responsibility for nuclear reactor safety remains with each nation

The abuse of nuclear power

International Nuclear Information System (INIS)

Hill, J.

1977-01-01

Different aspects of possible abuse of nuclear power by countries or individuals are discussed. Special attention is paid to the advantage of nuclear power, despite the risk of weapon proliferation or terrorism. The concepts of some nuclear power critics, concerning health risks in the nuclear sector are rejected as untrue and abusive

The nuclear power decisions

International Nuclear Information System (INIS)

Williams, R.

1980-01-01

Nuclear power has now become highly controversial and there is violent disagreement about how far this technology can and should contribute to the Western energy economy. More so than any other energy resource, nuclear power has the capacity to provide much of our energy needs but the risk is now seen to be very large indeed. This book discusses the major British decisions in the civil nuclear field, and the way they were made, between 1953 and 1978. That is, it spans the period between the decision to construct Calder Hall - claimed as the world's first nuclear power station - and the Windscale Inquiry - claimed as the world's most thorough study of a nuclear project. For the period up to 1974 this involves a study of the internal processes of British central government - what the author terms 'private' politics to distinguish them from the very 'public' or open politics which have characterised the period since 1974. The private issues include the technical selection of nuclear reactors, the economic arguments about nuclear power and the political clashes between institutions and individuals. The public issues concern nuclear safety and the environment and the rights and opportunities for individuals and groups to protest about nuclear development. The book demonstrates that British civil nuclear power decision making has had many shortcomings and concludes that it was hampered by outdated political and administrative attitudes and machinery and that some of the central issues in the nuclear debate were misunderstood by the decision makers themselves. (author)

Governance of nuclear power

International Nuclear Information System (INIS)

Allison, G.; Carnesale, A.; Zigman, P.; DeRosa, F.

1981-01-01

Utility decisions on whether to invest in nuclear power plants are complicated by uncertainties over future power demand, regulatory changes, public perceptions of nuclear power, and capital costs. A review of the issues and obstacles confronting nuclear power also covers the factors affecting national policies, focusing on three institutional questions: regulating the industry, regulating the regulators, and regulatory procedures. The specific recommendations made to improve safety, cost, and public acceptance will still not eliminate uncertainties unless the suggested fundamental changes are made. 29 references

Nuclear power flies high

International Nuclear Information System (INIS)

Friedman, S.T.

1983-01-01

Nuclear power in aircraft, rockets and satellites is discussed. No nuclear-powered rockets or aircraft have ever flown, but ground tests were successful. Nuclear reactors are used in the Soviet Cosmos serles of satellites, but only one American satellite, the SNAP-10A, contained a reactor. Radioisotope thermoelectric generators, many of which use plutonium 238, have powered more than 20 satellites launched into deep space by the U.S.A

China and nuclear power

International Nuclear Information System (INIS)

Fouquoire-Brillet, E.

1999-01-01

This book presents the history of nuclear power development in China from the first research works started in the 1950's for the manufacturing of nuclear weapons to the recent development of nuclear power plants. This study tries to answer the main questions raised by the attitude of China with respect to the civil and military nuclear programs. (J.S.)

Nuclear Power Plant Module, NPP-1: Nuclear Power Cost Analysis.

Science.gov (United States)

Whitelaw, Robert L.

The purpose of the Nuclear Power Plant Modules, NPP-1, is to determine the total cost of electricity from a nuclear power plant in terms of all the components contributing to cost. The plan of analysis is in five parts: (1) general formulation of the cost equation; (2) capital cost and fixed charges thereon; (3) operational cost for labor,…

Nuclear power falling to pieces

International Nuclear Information System (INIS)

Moberg, Aa.

1985-01-01

The international development during the 80s is reviewed. It is stated that the construction of plants has come to a standstill. The forecasting of nuclear power as a simple and cheap source of energy has been erroneous because of cracks and leakage, unsolved waste problems and incidents. Nuclear power companies go into liquidation and reactors are for sale. Sweden has become the country with most nuclear power per capita mainly due to its controlled decommissioning. The civilian nuclear power makes the proliferation of nuclear weapons possible. With 324 reactors all over the world, a conventional war may cause disasters like Hiroshima. It is stated that the nuclear power is a dangerous and expensive source of energy and impossible to manage. (G.B.)

Torness: proposed nuclear power station

International Nuclear Information System (INIS)

Anon.

1979-01-01

The need for and desirability of nuclear power, and in particular the proposed nuclear power station at Torness in Scotland, are questioned. Questions are asked, and answered, on the following topics: position, appearance and cost of the proposed Torness plant, and whether necessary; present availability of electricity, and forecast of future needs, in Scotland; energy conservation and alternative energy sources; radiation hazards from nuclear power stations (outside, inside, and in case of an accident); transport of spent fuel from Torness to Windscale; radioactive waste management; possibility of terrorists making a bomb with radioactive fuel from a nuclear power station; cost of electricity from nuclear power; how to stop Torness. (U.K.)

Perspectives of nuclear power plants

International Nuclear Information System (INIS)

Vajda, Gy.

2001-01-01

In several countries the construction of nuclear power plants has been stopped, and in some counties several plants have been decommissioned or are planned to. Therefore, the question arises: have nuclear power plants any future? According to the author, the question should be reformulated: can mankind survive without nuclear power? To examine this challenge, the global power demand and its trends are analyzed. According to the results, traditional energy sources cannot be adequate to supply power. Therefore, a reconsideration of nuclear power should be imminent. The economic, environmental attractions are discussed as opposite to the lack of social support. (R.P.)

Ecological problems of nuclear power

Energy Technology Data Exchange (ETDEWEB)

Babaev, N S; Demin, V F; Kuz' min, I I; Stepanchikov, V I [Gosudarstvennyj Komitet po Ispol' zovaniyu Atomnoj Ehnergii SSSR, Moscow. Inst. Atomnoj Ehnergii

1978-10-01

Modern power sources including nuclear one are characterized. Basic information on radiation protection of man and biosphere is presented. Problems of radiation effect of nuclear fuel cycle enterprises on population and environment are discussed. Comparative evaluation of nuclear and thermal power effect on biosphere is made. It is shown that nuclear power is the safest power source at the present development state. The conclusion is drawn that the use of nuclear energy controlled and limited by scientifically founded norms does not present radiation hazard for population and environment.

Nuclear power development: History and outlook

International Nuclear Information System (INIS)

Char, N.L.; Csik, B.J.

1987-01-01

The history of nuclear power development is briefly described (including the boosts from oil price shocks to the promotion of nuclear energy). The role of public opinion in relation to nuclear power is mentioned too, in particular in connection with accidents in nuclear plants. The recent trends in nuclear power development are described and the role of nuclear power is foreseen. Estimates of total and nuclear electrical generating capacity are made

Nuclear power and nuclear safety 2012

International Nuclear Information System (INIS)

Lauritzen, B.; Nonboel, E.; Israelson, C.; Kampmann, D.; Nystrup, P.E.; Thomsen, J.

2013-11-01

The report is the tenth report in a series of annual reports on the international development of nuclear power production, with special emphasis on safety issues and nuclear emergency preparedness. The report is prepared in collaboration between DTU Nutech and the Danish Emergency Management Agency. The report for 2012 covers the following topics: status of nuclear power production, regional trends, reactor development, safety related events, international relations and conflicts, and the results of the EU stress test. (LN)

Nuclear power perspective in China

International Nuclear Information System (INIS)

Liu Xinrong; Xu Changhua

2003-01-01

China started developing nuclear technology for power generation in the 1970s. A substantial step toward building nuclear power plants was taken as the beginning of 1980 s. The successful constructions and operations of Qinshan - 1 NPP, which was an indigenous PWR design with the capacity of 300 MWe, and Daya Bay NPP, which was an imported twin-unit PWR plant from France with the capacity of 900 MWe each, give impetus to further Chinese nuclear power development. Now there are 8 units with the total capacity of 6100 MWe in operation and 3 units with the total capacity of 2600 MWe under construction. For the sake of meeting the increasing demand for electricity for the sustainable economic development, changing the energy mix and mitigating the environment pollution impact caused by fossil fuel power plant, a near and middle term electrical power development program will be established soon. It is preliminarily predicted that the total power installation capacity will be 750-800GWe by the year 2020. The nuclear share will account for at least 4.0-4.5 percent of the total. This situation leaves the Chinese nuclear power industry with a good opportunity but also a great challenge. A practical nuclear power program and a consistent policy and strategy for future nuclear power development will be carefully prepared and implemented so as to maintain the nuclear power industry to be healthfully developed. (author)