The stage for the October 22, 2013 IFNEC Finance, Regulatory and Energy Planning Authority Workshop, hosted by Abu Dhabi’s Regulation and Supervision Bureau
Etihad Towers, Abu Dhabi, UAE – October 22, 2013
The Expert Panel at the IFNEC Workshop’s Moderated Discussion - October 22, 2013
Breakout Group Co-Leads Kamal Araj (left) and Zbigniew Kubacki (center) and Rapporteur Daniel Grosvenor (right) at the IFNEC Finance, Regulatory and Energy Planning Authority Workshop in Abu Dhabi on October 22, 2013.
Participants and Hosts of the IFNEC Finance, Regulatory and Energy Planning Authority Workshop, in Abu Dhabi, UAE on October 22, 2013.
The International Framework for Nuclear Energy Cooperation (IFNEC) held a Finance/Regulatory/Energy Planning Authority Workshop on October 22, 2013, in the Etihad Towers, Abu Dhabi, UAE. The Workshop was hosted by Abu Dhabi’s Regulation and Supervision Bureau. It came as a follow-up to its 2012 London Finance Workshop that identified and discussed the challenges countries face in financing nuclear power projects. The three key findings of the London Workshop were, 1.) the importance of an effective, independent regulatory body, 2.) the essential role of government commitment and support, and 3.) the need for a sound business/project plan.
The Abu Dhabi Workshop built on the outcomes of the London Finance Workshop, and in particular the role of the regulatory body. The Workshop focused on the critical relationships between the competence, effectiveness, transparency and independence of the nuclear safety regulatory authority in an embarking country, and the country’s ability to finance a nuclear power project. A second focus was on the role that long term electricity purchase agreements can play in the financing of a nuclear power project in an embarking country. Such agreements are an important financing consideration today and present challenges for energy planning authorities. The Workshop identified and addressed issues and options associated with pursuing this approach to financing.
The Workshop followed the interactive and experiential model used with success in London by having experts “role play” in open discussions about financing issues surrounding a hypothetical nuclear project, followed by all attendees participating in focused breakout discussions that explored key issues in greater detail. See the Final Workshop Report here