Nuclear Development The Financing of Nuclear Power Plants (Nuclear Development - Nuclear Energy Agency)

Many Countries Have Recognised That Greater Use Of Nuclear Power Could Play A Valuable Role In Reducing Carbon Dioxide Emissions. However, Given The High Capital Cost And Complexity Of Nuclear Power Plants, Financing Their Construction Often Remains A Challenge. This Is Especially True Where Such Financing Is Left To The Private Sector In The Context Of Competitive Electricity Markets. This Study Examines The Financial Risks Involved In Investing In A New Nuclear Power Plant, How These Can Be Mitigated, And How Projects Can Be Structured So That Residual Risks Are Taken By Those Best Able To Manage Them. Given That Expansion Of Nuclear Power Programmes Will Require Strong And Sustained Government Support, The Study Highlights The Role Of Governments In Facilitating And Encouraging Investment In New Nuclear Generating Capacity. Foreword -- Executive Summary -- Introduction -- Historical Perspectives And Experience -- The Major Challenges To Financing New Nuclear Power Plants -- Structuring And Financing Nuclear Projects -- The Role Of Governments And Other Public Bodies -- Conclusions And Recommendations -- Appendix 1. Background On Financing Npps In Selected Countries -- Appendix 2. List Of Expert Group Members. Title From Title Page Of Source Document. Also Available In French Under The Title: Le Financement Des Centrales Nucléaires. Nea No. 6360. Includes Bibliographical References. Available Online To Subscribing Institutions. Many countries have recognized that greater use of nuclear power could play a valuable role in reducing carbon dioxide emissions. However, given the high capital cost and complexity of nuclear power plants, financing their construction often remains a challenge. This is especially true where such financing is left to the private sector in the context of competitive electricity markets. This study examines the financial risks involved in investing in a new nuclear power plant, how these can be mitigated, and how projects can be structured so that residual risks are taken by those best able to manage them. Given that expansion of nuclear power programs will require strong and sustained government support, the study highlights the role of governments in facilitating and encouraging investment in new nuclear generating capacity.--Publisher's description