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Financing Nuclear Power Projects: New Trends in Asia -ONLY PRIVATE FINANCING AVAILABLE

Financial stakeholders involved include:
– International Atomic Energy Agency
– Japan Bank for International Cooperation
– The Export-Import Bank of Korea
– Natixis Bank
– Fitch Ratings
– AON

 

October 23, 2012 /EIN Presswire/ — The financing of nuclear power projects is a key consideration for any country planning to include nuclear power in their energy mix. The industry has started to see a shift towards private sector financing and this trend is expected to increase going forward

FINANCING NUCLEAR POWER PROJECTS: NEW TRENDS EMERGING FOR ASIA
Private sector financing for the industry set to increase

The financial cost of new nuclear power projects is a major factor in planning for a sustainable nuclear future. Traditional providers of capital to the nuclear industry have been governments and Export Credit Agencies (ECAs), with commercial banks and international financial institutions playing a lesser role. However, new trends are emerging:- Nuclear Steam System Supplier (NSSS) vendors have recently been taking equity stakes in the projects and China’s biggest nuclear power developer, China National Nuclear Power Co. (CNNC), recently announced plans to access international capital markets via an IPO, proceeds of which will be used to fund five nuclear projects with a total required investmentof 173.5 billion yuan ($27.25 billion).

“Firstly we are seeing a trend whereby NSSS vendors are putting equity into these deals, which provides an additional funding source for the prospective. Secondly, it is important to recognize that financing must be considered over a longer term than just the construction period. By building a more comprehensive financing plan for the prospective project, new sources of financing (e.g., project bonds and passive equity investors) can be integrated into the project after the first refuelling outage has occurred,” said Paul Murphy, Advisory Board member of Asia Nuclear Business Platform and Senior Attorney, Global Project Finance Group of Milbank.

“Finally, multi-owner models and multi-owner off-take structures provide further viable financial models, if the necessary market conditions for such structures are present.”

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October 24, 2012 Posted by arclight2011 | Uncategorized | Leave a comment

Spend spend spend! Phoenix nuclear lab gets military money bags -USA

A separate, 100,000 Phase I Small Business Innovation Research grant will help the company design a neutron source for the White Sands Missile Range in New Mexico. It is aimed at testing electronic components to see if they could withstand the radiation of space or other military applications, without using highly enriched uranium to simulate those environments.

October 24, 2012 Posted by arclight2011 | Uncategorized | Leave a comment