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"This publication describes the various approaches to the techno-economic assessment of a project for the long term operation of a nuclear power plant in its specific market environment. It examines the process of defining the technical scope required to prolong the operating licences of nuclear power plants and highlights the need for further studies on technical cost drivers and economic assessments in order to better define the cost boundaries of long term operation. Information is also provided on the new IAEA software LTOFIN, which was developed to assist in performing long term operation economic assessments within the process described in the publication."--Publisher's description.
This publication describes the various approaches to the techno-economic assessment of a project for the long term operation of a nuclear power plant in its specific market environment. It examines the process of defining the technical scope required to prolong the operating licences of nuclear power plants and highlights the need for further studies on technical cost drivers and economic assessments in order to better define the cost boundaries of long term operation. Information is also provided on the new IAEA software LTOFIN, which was developed to assist in performing long term operation economic assessments within the process described in the publication.
Refurbishment and long-term operation (LTO) of existing nuclear power plants (NPPs) today are crucial to the competitiveness of the nuclear industry in OECD countries as existing nuclear power plants produce baseload power at a reliable cost. A number of nuclear power plants, most notably 73 units in the United States (up to 2012), have been granted lifetime extensions of up to 60 years, a development that is being keenly watched in other OECD countries. In many of these (e.g. France, Switzerland), there is no legal end to the operating licence, but continued operation is based on the outcomes of periodic safety reviews. This study analyses technical and economic data on the upgrade and lifetime extension experience in OECD countries. A multi-criteria assessment methodology is used considering various factors and parameters reflecting current and future financial conditions of operation, political and regulatory risks, the state of the plants' equipment and the general role of nuclear power in the country's energy policy. The report shows that long-term operation of nuclear power plants has significant economic advantages for most utilities envisaging LTO programmes. In most cases, the continued operation of NPPs for at least ten more years is profitable even taking into account the additional costs of post-Fukushima modifications, and remains cost-effective compared to alternative replacement sources.
On cover and title page: Nuclear development
We are fortunate to live in incredibly exciting and incredibly challenging time. Energy demands due to economic growth and increasing population must be satisfied in a sustainable manner assuring inherent safety, efficiency and no or minimized environmental impact. These considerations are among the reasons that lead to serious interest in deploying nuclear power as a sustainable energy source. At the same time, catastrophic earthquake and tsunami events in Japan resulted in the nuclear accident that forced us to rethink our approach to nuclear safety, design requirements and facilitated growing interests in advanced nuclear energy systems. This book is one in a series of books on nuclear power published by InTech. It consists of six major sections housing twenty chapters on topics from the key subject areas pertinent to successful development, deployment and operation of nuclear power systems worldwide. The book targets everyone as its potential readership groups - students, researchers and practitioners - who are interested to learn about nuclear power.
This publication presents the outcomes of an IAEA coordinated research project on assessing the national economic effects of nuclear programmes in participating Member States. It provides a short description of the extended input-output model for sustainable power generation (EMPOWER), developed by the IAEA, and presents concise summaries of its applications. It further includes the results produced by the contributing research teams and summarizes general insights drawn from the national studies. The publication illustrates the state of the art of assessing macroeconomic impacts of nuclear energy programmes. It is expected to support further applications of advanced models to improve the understanding of macroeconomic and sectoral impacts of building and operating nuclear power plants
When nuclear power plants reach the end of their nominal design life, they undergo a special safety review and an ageing assessment of their essential structures, systems and components for the purpose of validating or renewing their licence to operate for terms beyond the service period originally intended. Three different plant life management models have been used to qualify these nuclear power plants to operate beyond their original design life. This publication presents a collection of sample licensing practices for long term operation among IAEA Member States. The various plant life management models used to obtain long term operation authorizations are described and comparisons drawn against the standard periodic safety review model. Lessons learned and warnings about possible complications and pitfalls are also described to minimize the licensing risk during operation and future long term operation applications. The main intention of this publication is to support nuclear power plant owners and operators planning an extension of plant operation beyond its original design life, but it also serves as a useful guide for those interested in procuring, from the beginning, the necessary tools to implement ageing management in their future plant with long term operation in mind.
Asset management plays an important role in maintaining the competitiveness of nuclear power plants in a challenging and changing electricity market. The value of effective asset management is in providing support to those making decisions seeking the optimum level of financial performance, operational performance and risk exposure. This publication provides information on various methodologies, good practices and approaches to manage assets in nuclear power plants currently in operation or in other operational nuclear facilities. Information relevant to new build and decommissioning environments is also provided.