Future of Nuclear Seminar #5 – Financing Nuclear New Build: A Vendor’s Perspective

When:
October 2, 2014 @ 11:30 am – 1:30 pm
2014-10-02T11:30:00-04:00
2014-10-02T13:30:00-04:00
Where:
Torys LLP
79 Wellington Street West
Toronto, ON M5K 1B1
Canada

To register for this event, visit our eventbrite page by following the link below:
http://futureofnuclearseminar5.eventbrite.ca

Speaker

Jerry Hopwood, VP Marketing and product Development, Candu Energy Inc.

Abstract

Nuclear new build project finance models have undergone major transformations over the past 40 years.  While historically governments have assumed full financial responsibility for these projects, this is no longer the case.  The world’s current economic state coupled with a construction track record that had some scheduling delays and cost overruns, has governments putting themselves at arm’s length from direct involvement with nuclear new builds.  The increasing emphasis on private utilities and market-based electricity supply also contributes to this trend.  In many markets, the public sector will no longer assume sole responsibility of the finaicial risk and liability associated with these construction projects.  Instead, governments are playing more of a supportive role through financial incentives and placing the expectation on private sector companies to take increased financial responsibility for nuclear new build projects.

Financing a Nuclear New Build: a Vendor’s Perspective examines how vendors can support the current public-private partnership financing model to ensure its success.  Through operating experience and an examination of risk mitigation approaches (design, supply chain, licensing risk, and project management), vendors can ensure that new build projects are appropriately ready from a technology and resource standpoint.  Project readiness will have positive implications throughout the industry by enhancing the probability that new build projects can be completed on schedule and budget–this will ensure the realization of the nuclear renaissance and longevity for the industry.

Future of Nuclear Seminar Series

The Future of Nuclear Advisory Board has organized a series of six seminars to be held through 2014 to discuss important nuclear energy issues. The dates for the 2014 seminars are January 2, March 4, May 8, June 24, September 23 and November 4. Topics and speakers for each session will be announced on the Future of Nuclear website, the Future of Nuclear Conference Facebook page, the “@FutureofNuclear” twitter feed and via our direct newsletter which you may register for by clicking here. Seminars are conducted during lunch in meeting rooms at Torys, 79 Wellington St. W, 33rd Floor, Toronto, ON.

The Future of Nuclear Series is funded by the registration fees of participants, revenues from resultant reports and the support of sponsors. Supporters to date include Babcock and Wilcox, Canadian Nuclear Safety Commission, McMaster University, Ontario Power Generation, Power Workers’ Union, Torys, University of Toronto, Westinghouse. The Seminar Series is organized by Mindfirst Inc. under the direction of Future of Nuclear Advisory Board chaired by Henry Vehovec, Adjunct Professor, University of Toronto, Innovations in Technologies and Organizations in Global Energy Systems. Seminars are conducted under Chatham House Rule format.

Agenda

11:30 – 12:00   Registration and Networking
12:00 – 12:45   Welcome & Presentation during lunch
12:45 – 1:30     Discussion, Q&A, Official Closing
1:30 – 2:00       Networking & Informal Discussion