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