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As the nuclear renaissance moves full steam ahead with the UK giving the go-ahead for 10 new nuclear power stations,  it is ever more essential for investors, the government and utility companies to have a full awareness of the realistic financing options in this high risk and high capital industry.

SMi’s 3rd annual Financing Nuclear Power conference will bring together key experts and decision makers to share their experiences, offering practical advice and considering the realistic options for financing nuclear power in 2010.

Key topics include:
  • The nuclear renaissance in the UK
  • Financing new nuclear – challenges for the utility
  • Decommissioning – successfully managing the costs
  • Operational waste handling and storage - opportunities and risks
  • Nuclear - an integral part of the future fuel mix
  • From plan to production – insurance aspects
  • Project management: from licensing to power generation
  • Political lobbying for nuclear power


 

  • Uncover the latest developments in new nuclear
  • Assess the viability of Nuclear Public-Private Partnerships
  • Evaluate the financial and commercial models for new nuclear
  • Gain a solid understanding of nuclear finance intricacies
  • Understand the challenges faced by the utility
  • Discover proven strategies for dealing with radioactive waste

All utility companies, financiers and government departments involved in nuclear new build including:

  • Chief Executives
  • Chief Financial Officers
  • Head of Project Finance
  • Head of Nuclear Development
  • Financial Risk Managers
  • Economists
  • Head of Strategy

Conference programme

8:30 Registration & Coffee

9:00 Chairman's Opening Remarks

Simon Walker

Simon Walker, Head, Nuclear Group, Imperial College

9:10 NEW NUCLEAR FINANCING: BUILD-OWN-OPERATE OPTION

Yulia Chernyakhovskaya

Yulia Chernyakhovskaya, Deputy Director for Development Programmes, Atomstroyexport JSC

  • World nuclear new-builds: forecast, challenges and tasks
  • Public-Private Partnership for nuclear new-builds
  • Build-Own-Operate approaches: financing structuring and legal framework
  • Key nuclear new-builds risks: balanced sharing, allocation and transferability
  • New-builds’ cost structure and financing opportunities
  • First Turkey NPP case-study
  • 9:50 THE NUCLEAR RENAISSANCE IN THE UK - AN ENGINEER'S PERSPECTIVE

    Simon Walker

    Simon Walker, Head, Nuclear Group, Imperial College

  • The characteristics that distinguish nuclear electricity generation from other forms
  • How these influence the economics of nuclear generation
  • The interaction of technical, social/political, and economic issues
  • The additional financial risks & issues to which nuclear generation is subject
  • 10:30 Morning Coffee

    11:00 POLITICAL LOBBYING FOR NUCLEAR POWER

    Kalev Kallemets

    Kalev Kallemets, Secretary General, Estonian Nuclear Powerplant Association

  • Long term reduction of political risk of nuclear power
  • Shifts in key arguments for power sources 
  • Effective lobbying cooperation with business organisations
  • 11:40 BALTIC NPP PROJECT – THE FIRST NUCLEAR PUBLIC-PRIVATE PARTNERSHIP IN RUSSIA - STATE OF THE ART

    Maxim Kozlov

    Maxim Kozlov, Head of Projects Team “Baltic Nuclear Power Plant”, Inter RAO UES

  • Key figures of the project
  • Current status
  • Implementation of a bankable feasibility study of the project
  • Vision of financing options
  • 12:20 Networking Lunch

    13:50 FINANCING NEW NUCLEAR – CHALLENGES FOR THE UTILITY

    Neil Cornelius

    Neil Cornelius, Director - European Power Markets, ICF International

  • The impact of changes in the utility market
  • Collapse of the financial markets
  • Will investors be willing to “bank on” future carbon markets?
  • Future challenges
  • 14:30 DECOMMISSIONING – SUCCESSFULLY MANAGING THE COSTS

    Biplab Rakshi

    Biplab Rakshi, Director, Atomic Acquisitions

  • Hands on decommissioning
  • Relicensing and release of the site for alternative use
  • Funding of decommissioning
  • 15:10 Afternoon Tea

    15:40 FINANCING AND COMMERCIAL MODELS FOR NEW NUCLEAR

    Francois Favret

    Francois Favret, Managing Director, Project Finance Department, Natixis

  • Alternative financing sources
  • Will operators be able to move forward without guarantees?
  • Comparisons in approaches to managing nuclear waste
  • 16:20 THE GOVERNMENT PERSPECTIVE ON NUCLEAR NEW BUILD

    Norman Harrison

    Norman Harrison, Chief Executive Officer, UKAEA

    The role of government in offsetting risks and costs

  • The relationship between government and industry
  • Government responsibility
  • Attitudes to planning and site selection
  • The role of government in the long term disposal of waste
  • 17:00 Chairman’s Closing Remarks and Close of Day 1

    Simon Walker

    Simon Walker, Head, Nuclear Group, Imperial College

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    Rüdiger König

    Rüdiger König, Head of International Nuclear Development, RWE Power AG

    9:10 FUNDING IMPLICATIONS FOR NEW BUILD

    Simon Wilde

    Simon Wilde, Executive Director Power & Utilities, The Royal Bank of Scotland Plc

  • Sources of financing that are available
  • The role of partnerships
  • Impact of nuclear new build on balance sheets
  • 9:50 RADIOACTIVE WASTE LONG-TERM MANAGEMENT AT ONDRAF/NIRAS: FINANCING PRINCIPLES AND MECHANISMS

    • Introduction
    • Legal framework
    • Implementation 
    • Success factors, and swot analysis
    • Facts and figures
    • Disposal scenarios
    • Waste categories and committed volumes
    • Disposal projects costs
    • Tariffs
    • Contractual guarantees
    • Issues
    • Evaluating the "real cost"?
    • Covering / financing the "real cost"?
    • Who should manage, who should control, how to correct?
    • Limits on the "polluter - payer" principle
    Jacques Cantarella

    Jacques Cantarella, Financial Risk Manager, ONDRAF/NIRAS

    David Emmery

    David Emmery, Director, Contracts and Finance , ONDRAF/NIRAS

    10:30 Morning Coffee

    11:00 THE IMPACT OF DECOMMISSIONING AND WASTE MANAGEMENT OBLIGATIONS ON NEW BUILD

    Peter Hall

    Peter Hall, Co-head, International Nuclear Services Team, Norton Rose

  • The Energy Act
  • Funding decommissioning and waste management
  • Regulatory oversight of funding (including The Nuclear Liabilities Financing Assurance Board (NLFAB))
  • The impact of new build
  • 11:40 INTEGRATION OF LOSS CONTROL MANAGEMENT TO PREVENT LOSSES DURING FUTURE NUCLEAR OPERATION

    Martin Ruscak

    Martin Ruscak, Project Director, Det Norske Veritas

    12:20 Networking Lunch

    13:50 PROJECT MANAGEMENT: FROM LICENSING TO POWER GENERATION

    Rafael Jiménez

    Rafael Jiménez, Senior Nuclear Development and Head of Thermal Projects Development, Iberdrola

    An owner/operator point of view

  • Estimating the cost of new reactors – key factors 
  • Models for project management organisation
  • Commissioning challenges
  • Operation & maintenance cost optimisation
  • 14:10 NUCLEAR - AN INTEGRAL PART OF THE FUTURE FUEL MIX

    Jostein Kristensen

    Jostein Kristensen, Managing Consultant, Oxera

  • Private and public risk sharing and exposure
  • Uncertainty over market risks and decommissioning costs
  • Societal and private costs of alternative risk sharing mechanisms
  • 14:50 FROM PLAN TO PRODUCTION – INSURANCE ASPECTS

    Mark  Tetley

    Mark Tetley, Managing Director, Nuclear Risk Insurers Ltd

  • The nuclear insurance market
  • Insuring nuclear new build
  • Operational insurance
  • Insuring the nuclear fuel cycle
  • 15:30 Chairman’s Closing Remarks Followed by Afternoon Tea

    Rüdiger König

    Rüdiger König, Head of International Nuclear Development, RWE Power AG

    16:00 Close of Day 2 and Conference

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    Workshops

    Negotiating Nuclear New Build Contracts
    Workshop

    Negotiating Nuclear New Build Contracts

    Crowne Plaza Hotel - St James
    19th May 2010
    London, United Kingdom

    Crowne Plaza Hotel - St James

    Buckingham Gate 45/51
    London SW1E 6AF
    United Kingdom

    Crowne Plaza Hotel - St James

    HOTEL BOOKING FORM

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

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