Westminster Energy, Environment & Transport Forum
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Westminster Energy, Environment & Transport Forum

The UK nuclear industry - prospects for new build developments, project financing and supporting innovative technology

15/10/2019
When: Tuesday, 15 October 2019
AM
Where: Central London
United Kingdom

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This seminar will be a timely opportunity to examine the future of the UK nuclear energy industry and the prospects for new build developments.


Delegates will assess future finance models for nuclear new build, including discussion on the potential role of Government direct investment alongside private sector investment.


It takes place in the context of the Government 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 - and with the Secretary of State outlining that they intend to publish their assessment of this method by the summer at the latest.


As the government prepares the forthcoming wide-ranging energy white paper - which is expected to include a new approach to financing new nuclear as part of plans to develop low carbon energy infrastructure - delegates will also consider the wider delivery challenges facing new nuclear build developments - including local engagement, planning and supply chain competitiveness.


Further sessions will examine the impact of the Nuclear Sector Deal which sets out plans to reduce the cost of decommissioning by 20% by 2030; to support the development of the workforce and supply chain through support for smaller companies and gender diversity; and to enable the deployment of small modular reactors (SMRs) and the innovative technologies that support them as part of plans to develop potential world-leading nuclear technologies.

 


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