Ways of Financing the Construction of New Nuclear Power Plants and the Threats Associated with Them Cover Image

Způsoby financování výstavby jaderných elektráren a jejich hrozby
Ways of Financing the Construction of New Nuclear Power Plants and the Threats Associated with Them

Author(s): Tomáš Dráb, Tomáš Vlček
Subject(s): Energy and Environmental Studies, Public Administration, Economic policy, Public Finances
Published by: Mezinárodní politologický ústav Masarykovy univerzity v Brně
Keywords: nuclear energy; nuclear new build; financing; risks; financing models; European Union

Summary/Abstract: The paper deals with the financing of new nuclear power plants. After a period of stagnation and decline, nuclear energy is regaining approval in the EU, as some member states are constructing or preparing to construct new nuclear power plants. Yet the development of new facilities is facing enormous challenges. One of the most significant challenges is the very costly financing of nuclear projects. This paper analyses the methods of financing new nuclear projects and attempts to offer a classification of possible financing schemes; then, on the basis of such a classification, it tries to identify the threats attached to particular schemes that states face when deciding to develop nuclear projects. The threats were derived from an analysis of the investment process and from the identification of participants in nuclear investments and their relations. The analysis reveals a greater set of threats when foreign and private entities are involved in financing. The relevance of threats and the associated risks, however, must be assessed in the context of each particular nuclear project.

  • Issue Year: XVIII/2016
  • Issue No: 4
  • Page Range: 291-318
  • Page Count: 28
  • Language: Czech