As part of a new report, a cross-industry team working for the UK government-backed Nuclear Sector Deal has set out an ambitious framework to reduce risks and cut the cost of constructing new power stations in the UK by 30% by 2030. The ‘Nuclear New Build Cost Reduction’ report proposes improved simplicity of design and construction methodology, repeating designs across multiple stations, and building up and transferring skilled workforce to new projects. The report also identifies how a new financing model that controls construction risk will also bring down consumer costs by mobilising a wider pool of investors and cutting capital cost.
Power Technology 2nd Sept 2020 read more »
World Nuclear News 2nd Sept 2020 read more »