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UK Nuclear New Build Update Tony Roulstone December 2009. UK Nuclear Market Background.
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15 years after the last nuclear power station (Sizewell B) was completed and within sight of the end of life of existing AGRs, Government is now committed (in public) to enabling the replacement of nuclear with nuclear (~10GWe), using private capital without any subsidies;
In private, Government accepts that at least 12 large new stations (15-18GWe) will be built as quickly as possible, with first in 2017/8 & one per year from 2020;
Climate change pressures may well triple current capacity to ~30GWe by 2030/35, providing a massive UK nuclear market: +£60bn capital cost during the next 25 years, plus operating costs of several £bn pa;
But UK nuclear capability has been severely eroded – skills lost; facilities closed & work-force has age profile skewed towards retirement;
Government is preparing the ground (through the new Office of Nuclear Development):
Generic design licensing of two new foreign design: EPR & AP1000;
Infrastructure planning commission/process – to obviate multiple long planning enquiries;
Provision of committed Waste & Decommissioning funds;
Stimulating Education & Skills development.
Leading consortia with plans for four stations at Hinckley (2) & Sizewell (2)
will act as own program system integrator & use EPR as at Flamanville 3.
Following 2-3 years behind EdF, committed to build both for UK & preparation for new build in Germany, seeking a turn-key contract with plans for up to 4 stations, will choose reactor type in Spring 2010 – sites at Oldbury & Wylva;
Third in line, have a site at Windscale and are yet to choose a reactor type - though appear to be close to Westinghouse, are adopting a more wait and see attitude – construction start post 2015
HMG Carbon Trading/
Electricity price floor
Client/Reactor Vendors secure
Consortia & Supply chains
Dept BIS Preparations
3 December 2009
Government & Clients