publication . Conference object . Article . 2016

Understanding cost escalation in nuclear reactor construction projects

Portugal-Pereira, J.; Paula Ferreira; Cunha, J.; Szklo, A.; Schaeffer, R.; Araujo, M.;
Open Access English
  • Published: 16 Jun 2016
  • Publisher: Universidade do Minho
  • Country: Portugal
Abstract
This work seeks to evaluate overnight construction costs (OCC) and lead time escalation of nuclear reactors from 1955 to 2016. To this end, a comprehensive database of commercial Light Water Reactors (LWR) was developed and a statistical analysis was conducted. Findings reveal that there is significant delay in lead time, especially for the last generation reactors constructed from 2010’s. This results in the escalation of capital costs rather than a decline. Average OCC of newer reactors are 60% higher than the ones implemented in the earlier stages of the nuclear era. This suggests a negative learning curve effect for both OCC and lead time, which threats the ...
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Subjects
free text keywords: Nuclear energy, Overnight construction costs, Lead time, Risk assessment, Engenharia e Tecnologia::Outras Engenharias e Tecnologias, Science & Technology, Social Sciences
Related Organizations
Funded by
EC| NETEP
Project
NETEP
NETEP—European-Brazilian Network on Energy Planning
  • Funder: European Commission (EC)
  • Project Code: 612263
  • Funding stream: FP7 | SP3 | PEOPLE
Communities
Energy ResearchEnergy Research Projects: NETEP
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