This publication emphasizes how various risks -- including those typically considered to be 'engineering risks' -- will give rise to such financial risks.
Procurement must be effectively managed to ensure availability of design functions throughout a nuclear facility's service life. Ineffective control of procurement process can jeopardize facility safety, reduce reliability, or can result in increased costs to operating organizations. This publication provides an overview of nuclear procurement processes, issues of special concern, and provides guidance for good practices to set up and manage a high-quality procurement organization. Lessons learned for organizations considering new build nuclear projects are also included.
This open access book discusses the eroding economics of nuclear power for electricity generation as well as technical, legal, and political acceptance issues. The use of nuclear power for electricity generation is still a heavily disputed issue. Aside from technical risks, safety issues, and the unsolved problem of nuclear waste disposal, the economic performance is currently a major barrier. In recent years, the costs have skyrocketed especially in the European countries and North America. At the same time, the costs of alternatives such as photovoltaics and wind power have significantly decreased.