IAEA Hosts First Meeting on Estimating Nuclear Plant Construction Costs

The meeting focused on the prospective capital and operating expenditures associated with pre-construction, construction, and operation of new, commercial-scale plants, including first-of-a-kind concepts, as well as identifying critical cost drivers and options to reduce costs.

The International Atomic Energy Agency hosting its first-ever technical meeting on nuclear power plant cost estimation April 24-26 in Vienna, Austria. Nuclear experts from around the world took part to discuss the challenges of nuclear power construction projects.

IAEA provides technical support to Member States on various aspects of developing nuclear infrastructure, including cost estimation of nuclear power plant construction. This meeting gave senior managers, analysts, energy planners and others involved in nuclear power cost estimation, nuclear technology development, and nuclear power plant operations/ownership a chance to discuss issues associated with cost estimation and cost management in new plant construction projects.

The meeting focused on the prospective capital and operating expenditures associated with pre-construction, construction, and operation of new, commercial-scale plants, including first-of-a-kind concepts, as well as identifying critical cost drivers and options to reduce costs.

There are two new reactors under construction in the United States at Southern Nuclear Energy Co.'s Vogtle plant in Waynesboro, Ga. Vogtle units 3 and 4 will be the first in the industry to use the Westinghouse AP1000 advanced pressurized water reactor technology and the first new nuclear units built in the United States in the past three decades, according to the company.

Southern Company subsidiary Georgia Power announced March 29 that the 35-foot-tall nuclear reactor vessel had been successfully installed inside Unit 4 containment at the Vogtle plant.

The Nuclear Regulatory Commission issued its annual assessment letter for Vogtle 3 and 4 on March 2, 2018, covering calendar year 2017. NRC determined that the units "were being constructed in a matter that preserved public health and safety and met all cornerstone objectives," the letter said, adding that all inspection findings during 2017 had very low (green) safety significance.

NRC issued annual letters to all 99 commercial nuclear power plants in the United States around that time. All but three plants were in the two highest performance categories, according to the agency's March 5 announcement.

Download Center

HTML - No Current Item Deck
  • Get the Ultimate Guide to OSHA Recordkeeping

    OSHA’s Form 300A posting deadline is February 1! Are you prepared? To help answer your key recordkeeping questions, IndustrySafe put together this guide with critical compliance information.

  • Steps to Conduct a JSA

    We've put together a comprehensive step-by-step guide to help you perform a job safety analysis (JSA), which includes a pre-built, JSA checklist and template, steps of a JSA, list of potential job hazards, and an overview of hazard control hierarchy.

  • Everything You Need to Know about Incident investigations

    Need some tips for conducting an incident investigation at work after there’s been an occupational injury or illness, or maybe even a near miss? This guide presents a comprehensive overview of methods of performing incident investigations to lead you through your next steps.

  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Industry Safe
Bulwark CP

OH&S Digital Edition

  • OHS Magazine Digital Edition - October 2020

    October 2020

    Featuring:

    • FACILITY SECURITY
      EHS Compliance: Make it Personal
    • FOOT PROTECTION
      Choosing the Right Safety Shoe for Your Industry
    • HAND PROTECTION
      A Requirements Checklists for Work Safety Gloves
    • COVID-19 MANAGEMENT
      Contemporary Issues in HSE Management
    View This Issue