| 1. |
INTRODUCTION |
5 |
| 2. |
EXECUTIVE SUMMARY AND FUTURE PROSPECTS |
6 |
| 3. |
THE NUCLEAR POWER MARKET IN THE UK |
10 |
| 3.1 | HISTORY OF NUCLEAR POWER PROVISION IN THE UK |
10 |
| 3.2 | CURRENT NUCLEAR POWER PROVISION |
11 |
| 3.3 | CURRENT ENERGY SUPPLIES IN THE UK |
13 |
| 3.4 | THE FUTURE OF NUCLEAR POWER |
15 |
| 3.5 | DECOMMISSIONING AND NUCLEAR WASTE PROGRAMME |
16 |
| 3.5.1 | Nuclear Decommissioning Authority (NDA) |
20 |
| 3.5.2 | Future of Decommissioning in the UK |
20 |
| 4. |
NUCLEAR POWER STATION BUILD PROGRAMME |
21 |
| 4.1 | BACKGROUND TO THE PROGRAMME |
21 |
| 4.2 | GOVERNMENT ENERGY STRATEGY AND THE NEED FOR NEW REACTORS |
21 |
| 4.2.1 | Energy Needs |
22 |
| 4.2.2 | Closure of Coal-fired Plants |
23 |
| 4.2.3 | Climate Change and Carbon Emissions |
24 |
| 4.2.4 | Security & Availability of Future Energy Supplies |
25 |
| 4.3 | ESTIMATED TIMETABLE FOR THE PROGRAMME |
27 |
| 4.4 | KEY PLAYERS INVOLVED IN THE PROGRAMME |
33 |
| 4.4.1 | AREVA |
33 |
| 4.4.2 | Atomic Energy of Canada Ltd (AECL) |
34 |
| 4.4.3 | BNFL |
34 |
| 4.4.4 | British Energy |
34 |
| 4.4.5 | EDF Group |
35 |
| 4.4.6 | E.ON. |
36 |
| 4.4.7 | General Electric |
36 |
| 4.4.8 | UKAEA |
37 |
| 4.4.9 | Westinghouse |
37 |
| 4.5 | ESTIMATED COSTS OF THE PROGRAMME |
38 |
| 4.5.1 | Capital and Operating Costs |
38 |
| 5. |
FACTORS AFFECTING THE NUCLEAR POWER MARKET |
42 |
| 5.1 | PLANNING |
42 |
| 5.1.1 | Available Land & Sites for New Reactors |
42 |
| 5.1.2 | Planning Delays |
43 |
| 5.2 | LEGISLATIVE DRIVERS |
43 |
| 5.2.1 | Nuclear Power White Paper |
43 |
| 5.3 | SKILL SHORTAGES |
45 |
| 5.4 | PROCUREMENT ISSUES |
45 |
| 5.5 | MAJOR CONCERNS SURROUNDING THE NEW BUILD PROGRAMME |
46 |
| 5.5.1 | Risk of Accident |
47 |
| 5.5.2 | Safety Aspects of Modern Nuclear Power Stations |
48 |
| 5.5.3 | Flood Risk Management |
48 |
| 6. |
CONSTRUCTION MARKET SUPPLY IN THE NUCLEAR POWER SECTOR |
54 |
| 6.1 | VALUE OF THE NUCLEAR POWER SECTOR TO THE CONSTRUCTION INDUSTRY |
54 |
| 6.1.2 | The Nuclear Market Supply Chain |
56 |
| 6.2 | AVAILABLE CONSTRUCTION EXPERIENCE & CAPABILITY IN THE NUCLEAR POWER SECTOR |
59 |
| 6.3 | KEY CONTRACTOR PROFILES |
60 |
| APPENDIX 1 | 68 |
| TABLES AND CHARTS |
| TABLE 1 | NEW NUCLEAR POWER THE 4 CONTENDING REACTOR DESIGNS CAPACITY, DESIGN LIFE, CONSTRUCTION TIMES AND MANUFACTURERS |
6 |
| TABLE 2 | NUCLEAR POWER STATIONS CURRENTLY OPERATING IN THE UK CAPACITY AND PLANNED CLOSURE DATES |
12 |
| CHART 3 | ELECTRICITY GENERATION MIX SHARE BY FUEL TYPE 2007 |
14 |
| CHART 4 | DOMESTIC ELECTRICITY MARKET SHARES MARCH 2006 |
15 |
| CHART 5 | GROWTH IN ESTIMATED LIFETIME COSTS OF DECOMMISSIONING NDA SITES (£BN) 2003-2007 |
17 |
| CHART 6 | MARKET SIZE FOR DECOMMISSIONING TO 2100 BNFL, UKAEA AND MAGNOX SITES |
18 |
| TABLE 7 | CLOSED NUCLEAR POWER STATIONS IN THE UK (CAPACITY/CLOSURE DATES) |
19 |
| CHART 8 | POSSIBLE FUTURE ELECTRICITY GENERATION MIX BY FUEL TYPE 2025 (GAS, NUCLEAR, RENEWABLES, COAL, OTHERS) |
22 |
| CHART 9 | EXISTING COAL FLEET DECLINE 2007 TO 2025 |
24 |
| TABLE 10 | CARBON EMISSIONS OF GENERATING TECHNOLOGIES NUCLEAR, WIND, BIOMASS, NATURAL GAS, COAL AND LIGNITE |
25 |
| CHART 11 | FOSSIL FUEL RESERVES-TO-PRODUCTION RATIOS (YEARS) BY FUEL AND REGION |
26 |
| TABLE 12 | ESTIMATED TIMEFRAME FOR BUILDING NEW NUCLEAR REACTORS PHASES 1-3, 2006-2018 |
29 |
| CHART 13 | ROUTE TO POSSIBLE NEW NUCLEAR POWER STATIONS 2007 2020 (PLANNING AND CONSTRUCTION) |
32 |
| CHART 14 | BREAKDOWN OF PROFESSIONAL SERVICES NEEDED FOR NUCLEAR PLANT CONSTRUCTION |
39 |
| TABLE 15 | ESTIMATED CONSTRUCTION COSTS OF NUCLEAR POWER STATIONS BREAKDOWN BY KEY ELEMENTS |
40 |
| CHART 16 | COST PROFILE OF NUCLEAR POWER VS. GAS-FIRED GENERATION (%) MIX BY CAPITAL, O&M, FUEL AND BACK-END. |
41 |
| TABLE 17 | IMPACT OF FUTURE EXTREME WATER LEVELS AT MAJOR NUCLEAR SITES |
50 |
| TABLE 18 | MEASURES REQUIRED FOR FUTURE FLOOD DEFENCE AND COASTAL PROTECTION AT BRITISH ENERGY SITES |
52 |
| CHART 19 | NUCLEAR WORK MARKET VALUE TO THE CONSTRUCTION INDUSTRY TO 2035 |
54 |
| TABLE 20 | ESTIMATED MARKET OPPORTUNITIES FOR CONTRACTORS IN THE NUCLEAR INDUSTRY TO 2035 |
55 |
| TABLE 21 | CONSTRUCTION SUPPLY CHAIN IN THE NUCLEAR SECTOR KEY TIERS AND PLAYERS |
57 |
| TABLE 22 | NUCLEAR POWER SECTOR GLOSSARY OF TERMS |
68 |
