THE NUCLEAR POWER IN THE NUCLEAR POWER IN ROMANIAROMANIA
F. Glodeanu, G. AndreiF. Glodeanu, G. Andrei
New Cooperation Strategies in the Geopolitical
and Economic European Space – UE 27Thessaloniki, June 7th - 8th 2007
SOCIETATEA NATIONALA NUCLEARELECTRICASOCIETATEA NATIONALA NUCLEARELECTRICA
SNN SACNE PROD
Cernavoda – Unit 1CNE INVEST
Cernavoda – Units 2 -5NUCLEAR FUEL PLANT Pitesti
COMPLETION OF UNIT 2PRESERVATION OF UNITS 3-5
U#2 Project Management:AECL, ANSALDO and SNNCommercial operation: 2007
NUCLEAR FUEL FABRICATION
•Domestic natural uranium
•Imported Zircalloy components
SAFE AND EFFICIENT OPERATION OF UNIT 1
•Commercial operation starting with December 2, 1997
•Gross Output: 706.5 MWe
POWER GENERATION IN 2005POWER GENERATION IN 2005
17%
40%
9%
34%
Oil & Gas10,232 GWh
Hydro20,285 GWh
Nuclear 5,554 GWh Coa
l 23,615 GWh
TOTAL – 59,686 GWh (gross)
0102030405060708090
1997 1999 2001 2003 2005
NUCLEAR FUELFAILURE RATE
NUCLEAR FUELNUCLEAR FUEL
The Nuclear Fuel Plant - Pitesti is providing the fuel for the Cernavoda –NPP
The fuel has excellent performances
0.086%
0.042%
0.011%
0%
0.011%
0 % 0 % 0 %0 %
WASTE MANAGEMENT AND DECOMISSIONINGWASTE MANAGEMENT AND DECOMISSIONING
Operational radioactive wastes are safely stored on Operational radioactive wastes are safely stored on site in a temporary storage.site in a temporary storage.
According to the national strategy a Low and Medium According to the national strategy a Low and Medium Level Waste Repository shall be build in Saligny near Level Waste Repository shall be build in Saligny near Cernavoda NPP, under ANDRAD responsibilities.Cernavoda NPP, under ANDRAD responsibilities.
The High Level Radioactive Wastes Repository shall be The High Level Radioactive Wastes Repository shall be developed later, taking into account the developed later, taking into account the intermediate storage intermediate storage
For decommissioning the plant is performing specific For decommissioning the plant is performing specific studies to develop the optimal solution.studies to develop the optimal solution.
Specific legislation for radioactive waste management Specific legislation for radioactive waste management and decommissioning , including provisions for and decommissioning , including provisions for financial resources was approved by the Romanian financial resources was approved by the Romanian Parliament in 2006.Parliament in 2006.
THE GOVERNMENT ENERGY STRATEGY
Romania is closely observing the energy policy of the European Union.
The Ministry of Economy and Finance is drafting a new national energy strategy for the next 15 years.
The strategy considers the importance of improving the energy efficiency, environment protection and the optimum utilization of natural resources.
The gross power generation is forecasted to increase from 62.7 TWh in 2007 up to 100 TWh in 2020..
The new energy strategy includes completion of Units 3 and 4 of Cernavoda NPP and clearly indicate its long-term commitment to nuclear energy
THE ROLE OF NUCLEAR POWER
As a proven and safe technology, nuclear power has an important role to play in terms of ensuring secure electricity generation without any CO2 emissions.
Nuclear power is an excellent source of base-load power
Romania has a well-developed nuclear infrastructure: Heavy water plant Nuclear fuel fabrication plant Technically qualified and experienced staff Domestic uranium resources
UNITS 3 & 4 PROJECTUNITS 3 & 4 PROJECT
The feasibility study confirmed the technical and economical feasibility of the Project
The unique business proposition of the Project resides in:
• The cost advantage (the levelised unit energy cost for this Project is lower than other forms of electricity generation),
• Heavy water and nuclear fuel locally available• Local experience and competency in
constructing and operating other units, • Public support, and • Safe, western technology.
CONSTRAINTS CONSTRAINTS
NO Governmental financial support NO Governmental financial support NO sovereign guaranties for loansNO sovereign guaranties for loans NO power purchase agreement with NO power purchase agreement with
state entitiesstate entities
THE MODEL THE MODEL
Joint venture set up by many shareholders, Joint venture set up by many shareholders, including SNN (the so-called “Finnish including SNN (the so-called “Finnish model”), no majority shareholder;model”), no majority shareholder;
SNN will contribute to the equity with the SNN will contribute to the equity with the existing assets;existing assets;
Heavy water and nuclear fuel are to be Heavy water and nuclear fuel are to be provided from domestic sources;provided from domestic sources;
Shareholders will receive the power at cost Shareholders will receive the power at cost in proportion to their investment in the in proportion to their investment in the project;project;
ADVANTAGES OF THE MODELADVANTAGES OF THE MODEL
The model is already accepted by the The model is already accepted by the European Union (used in Finland) and European Union (used in Finland) and comply with the regulations of the comply with the regulations of the liberalized electricity marketliberalized electricity market
Financing sources (initial equity and Financing sources (initial equity and loans) provided by investors.loans) provided by investors.
The “legitimate” needs of the intensive The “legitimate” needs of the intensive energy industry – representing 35% of energy industry – representing 35% of Romania’s GDP – can be solved (as the Romania’s GDP – can be solved (as the European Union recommends in the European Union recommends in the Electricity Green Book, chapter 2.1 (v))Electricity Green Book, chapter 2.1 (v))
FUTURE STEPS FUTURE STEPS
Actions scheduled for 2007:• Binding offers to be requested from potential
investors;• Preferred investors to be selected• Negotiations with selected investors, and• Investors agreement is to be executed.
Once the investors agreement is executed the process to conclude agreements with the other key stakeholders such as financiers and contractors should commence.
The ultimate goal is to set-up the commercial and financial frame of the project and start works in 2008.
CONCLUSIONSCONCLUSIONS
As a proven and safe technology, nuclear power has an important role to play in terms of ensuring secure base load electricity generation without any CO2 emissions.
The energy strategy of the Romanian Government includes completion of Units 3 and 4 of Cernavoda NPP and clearly indicate its long-term commitment to nuclear energy
Romania has the infrastructure for implementation of new nuclear power projects.
Thank you for the attention !Thank you for the attention !
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