Morning, Tuesday, 15th October 2019
THIS EVENT IS CPD CERTIFIED
New build - finance, the impact of emissions policy, and tackling delivery challenges
Delegates will assess future finance models for nuclear new build, including discussion on the potential role of government direct investment alongside private sector investment.
The discussion takes place in the context of the Government consultation reviewing the viability of a Regulated Asset Base model for nuclear - which aims to incentivise private investment into public projects by providing a secure payback and return on investment for developers.
It follows the Department for Business, Energy and Industrial Strategy assessment concluding the model has the potential to maximise value for money for consumers and taxpayers.
The conference will also be an opportunity to consider the wider delivery challenges facing any new nuclear build developments - including local engagement, planning and supply chain competitiveness.
The Government’s announcement of a legislative amendment that would set a target to reduce greenhouse emissions to net-zero by 2050, has renewed interest in nuclear as part of plans to develop low-carbon energy infrastructure.
The Nuclear Sector Deal
Further sessions will examine the impact of the Nuclear Sector Deal in supporting the sector to drive innovation, skills development and improvements in research.
Areas for discussion include plans set out in the Deal to:
- reduce the cost of decommissioning by 20% by 2030;
- support the development of the workforce and supply chain through support for smaller companies and gender diversity; and
- enable the deployment of small modular reactors and the innovative technologies that support them as part of plans to develop potential world-leading nuclear technologies.
The seminar also takes place against the backdrop of negotiations to leave the European Union and will be informed by the impact of any possible agreement and ongoing no deal preparation.
Workforce skills and diversity
The agenda also looks at how the UK can improve the development of an appropriate range of skills, and the pipeline of talent, to support nuclear projects - including improving gender diversity in the workforce.