IAEE Energy Forum / Groningen Special Issue Cost Estimates and Economics of Nuclear Power Plant Newbuild: Literature Survey and Some Modeling Analysis BY Ben Wealer, Claudia Kemfert, Clemens GerBaulet, and Christian von hirsChhausen Introduction the current newbuild projects: in China by majority-owned The authors are with The perspectives of nuclear power deployment in the German Institute Chinese companies, in Korea the long-term depend very much on the development for Economic Research by the state-owned KEPCO, of costs, in relation to other low-carbon options, and (DIW Berlin), where they or in Russia by state-owned the economics of investments into new capacities. are part of a long-term Rosatom. Near-term future While there is a consensus in the literature that research program on deployment in the “West” nuclear power is not competitive under regular nuclear energy, run currently consists of the EPR or jointly with Workgroup market economy, competitive conditions1, at least the AP1000. But, especially the for Infrastructure two issues need to be considered going forward. EPR could never meet its high Policy at the Berlin First, the evolution of future technologies, and expectations and today all three University of Technology. second, the treatment of “costs” in other, non-market construction projects are well Corresponding Author: institutional contexts, such as indigenous suppliers Ben Wealer: bw@ behind schedule and well over or “home suppliers” or the new (heavily subsidized) wip.tu-berlin.de, their initial cost estimate. In the export models of countries like China or Russia. The
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