ENABLING NEW NUCLEAR BUILD 2007
29, 30 & 31 October 2007
Examining Governmental, Institutional Investor & Corporate Financing
Perspectives On
Generating Revenue Streams & Resolving Carbon Pricing Risks To Deliver Financial Predictability For The New Build Supply Chain
| 0850 |
Chair’s Opening Remarks |
John Lynch, Managing Director, Energy and Power Group, Merrill Lynch
OPENING PANEL
INTERNATIONAL ECONOMIC JUSTIFICATION PERSPECTIVES – WHAT LESSONS CAN BE APPLIED?
| 0900 |
Examining The Role Of Nuclear In The Future Electricity Generation Mix |
- Why is nuclear important: understanding the attributes and detriments of nuclear
- Assessing the economic case for nuclear investment
- Redefining the market framework to encourage new build
- Ensuring reliability of strategy and sufficient resources across the supply chain
- How should the players get involved in the public consultation processes?
Bill Coley, CEO, British Energy
Vincent de Rivaz, CEO, EDF Energy
David Porter, CEO, Association of Electricity Producers
Frank Barnaby, Nuclear Consultant, Oxford Research Group
| JUSTIFYING THE ECONOMICS OF NEW NUCLEAR BUILD THROUGH RESOLVING CARBON PRICING RISKS |
PRESENTING CREDIBILE CARBON PRICING TREND ANALYSIS
| 1000 |
Resolving The Risks Associated With The Carbon Market – Examining Alternative Options For Providing A Long Term & Stable Carbon Price Scheme |
- Predicting the stability & long term pricing of carbon – what is the most likely trajectory?
- Examining long term volatility trends
- Will we see a long term price above 20/25 Euros a tonne?
- Can nuclear be a bankable investment without a price on carbon?
- Underwriting the risks
Ben Wilson, Executive Director, European Utilities, Lehman Brothers
| 1030 |
Coffee and Refreshments in the Networking Exhibition Area |
| 1100 |
Examining Current Thinking From The EU On The Future Of Carbon Trading |
- Establishing a long term stable carbon price as a component in the viability of nuclear
- Update on the EU ETS: progress so far and the prospects post 2012
- Alternatives to carbon trading and options for reform to the EU ETS
Martin Bond, Head, EU ETS, Energy Markets Unit, Department for Business, Enterprise and Regulatory Reform
Andrei Marcu, CEO, International Emissions Trading Association IETA
FACILITATED PAN AUDIENCE DISCUSSION
| 1130 |
Audience Q&A Followed By “Blue Sky Thinking” On New Solutions For Carbon Pricing |
HOW DO YOU PROFIT FROM NEW BUILD?
GAINING CONFIDENCE ON THE PREDICTABILITY OF NEW BUILD FINANCING MODELS
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| 1200 |
Examining Future Policies for Financing & Generating Revenue Streams |
- How will revenue streams be guaranteed?
- Accruing funds for decommissioning and waste management liabilities
- Funding decommissioning
John Lynch, Managing Director, Energy and Power Group, Merrill Lynch
Martin Brough, Director, Energy, Oxera
| 1240 |
Lunch in the Networking Exhibition Area |
FINANCIAL INSTITUTION SESSION
| 1400 |
Assessing The Appropriate Cost Of Capital For New Nuclear Build |
- Examining what is the UK equity risk premium that shareholders would demand
- Estimating what is the correct asset beta for a nuclear plant
- Assessing the optimal capital structure for a nuclear plant and the resulting cost of debt
- How the cost of capital varies with different risk allocation and capital structure
Thomas Scheibel, Director, Dresdner Kleinwort
ASSESSING AND QUANTIFYING DECOMMISSIONING RISK
| 1430 |
The Credit Impact of Decommissioning and Provisions - An Agency View |
- Understanding the risk factors and levelling the playing field
- Is there such a thing as objectivity and transparency?
- Whose responsibility is it anyway? - Different approaches to managing the issue
- Quantifying the risk - time and money
- Funding the liability
Andrew Steel, Managing Director, Head of Energy and Utilities, Fitch Ratings Ltd
| 1500 |
Coffee and Refreshments in the Networking Exhibition Area |
PROJECT FINANCE PANEL SESSION
| 1530 |
Structuring lending to Incorporate Construction and "Back-End" Decommissioning Costs - What Options Do Finanaciers & Operators Have to make This Work? |
- Financial strategies to ensure certainty of cash flow for construction
- Adopting the TVO experience: setting up a nuclear decommissioning fund
- Operating decommissioning programmes efficiently and cost-effectively
- Spent fuel disposal & fuel sourcing risk
Chaired by Chris Lambert, Director, Westminster Energy Forum
Bryce Shriver, President, PPL Generation
David Gye, Senior Advisor, Energy, Utilities & Infrastructure, Morgan Stanley
Andrew Doyle, Associate Director, Project Finance, RBS
| Examining An Efficient Waste Management Strategy For The UK |
| 1615 |
Assessing The Implications Of New Nuclear Build For The NDA |
- Dealing with the UK’s nuclear legacy and how it might relate to any new build programme
- Evaluating the relationship between the private sector and the NDA in decommissioning and waste management in a new build scenario
- Breaking down the economics of building a deep geological waste repository
- Using nuclear materials and sites as potential new build assets
David Hayes, Special Projects Director, NDA
| 1640 |
Chair’s Closing Remarks & Close Of Day One |
 Top
MAIN CONFERENCE: 30 - 31 October 2007
Gaining Clarity On The Predictability Of The Key NNB Enablers – Regulatory, Planning & The Business Models How Do You Profit? How Quickly Can You Get There?
| 0815 |
Coffee and Registration |
| 0845 |
Chair’s Opening Remarks |
Mike Parker, Group Chief Executive, BNFL
| 0855 |
Safety In Nuclear Asset Management |
Ton Holthuis, Director, Asset Management, Lloyd's Register
| 0910 |
Examining The Details Of The Pre-Licensing Processes And Steps For Licences |
- Which reactors are being assessed
- Do the designs meet the site licensing criteria
- Are they verified from a safety, environmental and security impact
- Examining the right build and material required
- Ensuring there is sufficient skill-set to tackle the licensing challenge
- Assessing how long it takes to get consent to accelerate the planning process
Ian Streatfield, New Build Assessment Team Manager, Environment Agency
David Powell, Regional Vice President UK, Westinghouse
Ton Holthuis, Director, Asset Management, Lloyd's Register
Bob Jennings, New Reactor Build Assessment Team Manager, HSE
| Investigating The Key Economic Factors Behind Optimum Site Location |
| 0950 |
Presenting The Latest Data On The Impacts Of Climate Change & Rising Sea Levels On Site Location |
- Recommendations of the IPCC on climate change
- Analyzing the implied range in sea level changes
- Assessing the vulnerability over different timescales of existing sites around the UK
- Examining the economics of mitigating climate change through engineering solutions
Jason Lowe, Climate Scientist, Met Office
Dr. Mike Thorne, Director, Mike Thorne and Thorne Associates Ltd and Visiting Fellow, Climatic Research Unit, University of East Anglia
| 1015 |
Assessing The Impact Of Grid Stability Issues & Distribution/Transmission Challenges On Site Location - A Power Utility Perspective |
- Impact of a larger unit on the GB transmission system
- Extending the grid to accommodate a new tranche of nuclear generation
- Lead times required to accommodate a new tranche of nuclear generation
Andrew Hiorns, System Development Manager, National Grid
| 1040 |
Coffee and Refreshments in the Networking Exhibition Area |
| Bringing Predictability Into The Planning Process |
PANEL SESSION
| 1110 |
Beyond the Consultation Process: Defining The Current Priorities On The Planning Process |
- Assessing the key factors from the strategic siting assessment
- Understanding areas of concern from the review process
- Additional reforms proposed: what has changed?
- Mapping out a potential timetable
- Assessing the latest public reaction to the role of nuclear within the energy mix
Ian Jackson, MD, Jackson Consulting
Ian Liddell-Grainger, MP for Bridgwater, Conservative Party
David Norfolk, Manager, Special Projects, Strategy & Business Development,British Energy
Nuclear Reactor Designer
Case Study Of A Major Infrastructure Project
| 1150 |
Transferable Lessons For Nuclear: Managing And Delivering On The Planning Phase And Avoiding Cost Over-Run On The Channel Tunnel Rail Link |
- Organisational structures to prevent cost over-run
- Integrating the engineering into the contractual setting properly
Alan Myers, Operations Director, Transportation Business Group, Halcrow
| 1215 |
Overcoming The Key Blockers In The Legal Framework |
- Planning issues within the revised regulatory structure for new nuclear build
- The proposed regime for consenting major infrastructure projects and the Independent Planning Commission
- The Independent Planning Commission and human rights issues
- Strategic Environmental Assessment and Environmental Impact Assessment
John Bowman, Partner, Dewey & LeBoeuf
| 1240 |
The Role Of An Independent Organisation - OL3 Case Study |
Didier Bienfait, Nuclear Manager, Bureau Veritas
| 1300 |
Lunch in the Networking Exhibition Area |
Official Lunch Sponsor:
| Construction: Avoiding Costs Over-Runs And Minimising Risks |
PANEL SESSION – CONSTRUCTION INDUSTRY RESEARCH
| 1430 |
Examining New State Of The Art Techniques For Building Quickly And Efficiently |
- Examining new techniques and technologies for construction innovation
- Adopting the most efficient and cost effective method of new build
- Developing effective QA technique
- Assessing economic benefits of off site sub-structure development
- Evaluating rehabilitation of nuclear contaminated sites
Professor Tim Broyd, Director of Construction Innovation, Halcrow
Keith Bradley, Regional VP, UK, Atomic Energy Canada Limited
| 1510 |
Insurance Of Nuclear Power Plants During Construction |
- Tailor-made insurance solutions for new plants, refurbishment, completion of projects after long idle periods, decommissioning
- Interface of the conventional markets and nuclear pools
- Managing material damage and loss of profits exposure during construction
Alfred Fackler, Senior Engineer, Munich Re
| 1535 |
Assessing The Transfer Of Risk From The Conventional Market To Nuclear Pools In New Build Programmes |
- Understanding how the pools work
- Overcoming contractual risks in the pools
- What is the Government risk for providing these projects
- Financial risks
- Health and safety risks
- Assessing third party risk and decommissioning liabilities
Philip Veale, Power, Utility and Practice Leader, AON
| 1600 |
Examining Operational Insurance For New Nuclear Power Plants |
- How and why the nuclear insurance industry has come about
- Assessing the insurance consequences of building on existing sites against new sites
- Insurance of transportation and manufacturing of fuel risks
- Operational insurance for nuclear risks
- Specific challenges of new build for nuclear insurers NPPs
- Current issues for nuclear insurers
Mark Tetley, Managing Director, Nuclear Risk Insurers
| 1625 |
Coffee and Refreshments in the Networking Exhibition Area |
US PRACTICAL CASE STUDY ON PROGRAMME MANAGEMENT
| 1655 |
Important Lessons On Project Management, Contracting Strategy & Managing The Regulatory Interfaces |
- Ensuring you have the right AE / constructor in place
- Staffing and supply chain challenges and strategies to overcome them
- Project planning for certainty of Outcome
- Contractor / Owner Interface
Brian P. Reilly, Principal Vice President, Bechtel Power Corporation
Finnish Case Study: PROJECT MANAGEMENT
| 1720 |
Transferable Lessons To Ensure Reliability Of Strategy During The Construction Of The Project |
- Understanding the utility’s project organization and programme management issues important to the utility
- TVO’s role in licensing
- IT-solutions needed for data handling during the project
- How to ensure component quality in global manufacturing
- Preparations for operation phase
Jouni Silvennoinen, Senior Manager, Engineering, OL3 Project, TVO
| 1745 |
Chair’s Closing Remarks and End of Day Two followed by Evening Drinks Reception in the Networking Exhibition Area |
Top
| 0845 |
Coffee and Registration |
| 0915 |
Chair’s Opening Remarks |
Paul Longsworth, Executive Director, Fluor
| Examining Liabilities For Waste Handling & Decommissioning |
| 0930 |
Evaluating Funding Strategies For Construction and Back-End Liabilities On Waste Handling & Decommissioning |
- Assessing how utilities will fund the construction of new plants?
- Examining how private sector funding will be arranged, collected and built for waste?
- What financial provision needs to be made for decommissioning?
- How do you charge for decommissioning?
- U.S. Programmes To Incentivize New Nuclear Build - Options For The U.K. To Consider
Bryce Shriver, President, PPL Generation
John E. Matthews, Partner, Morgan Lewis & Bockius LLP
| 1010 |
Developing New Waste Management Routes: Managing Public Expectations on New Build When Managing The Waste Arisings |
- Can new build occur before disposition paths are identified
- How do you set up the waste management strategy
- Development of waste management infrastructure
- Stakeholder dialogue and managing public perceptions
- Challenges for the future
Dr Colin Bayliss, Operations Director, Business Group, UKAEA
| Building A Global Supply Chain For Nuclear: Analysing Market Solutions For Sourcing Technologies And Materials |
SUPPLY CHAIN PANEL SESSION
| 1035 |
Ensuring The Availability Of Specialist Equipment To Meet Global Demands For New Build And Guarantee Sufficient Resources |
- Current order and delivery schedules: what is the timeframe
- Increasing the production capacity in the world-market to guarantee a future supply
- Is it a question of building new plants depending on the nature of the plant and the nature of the materials
- Assessing the viability of using module manufacture from the oil and gas industries in UK new build
- Analysing potential problems
Chris Harrop, Programme Director, Amec
Tier 2 and Tier 3 Representatives will be invited to speak on the session
| 1100 |
Coffee and Refreshments in the Networking Exhibition Area |
| 1130 |
Sourcing The Materials and Resources To Meet Demands For Global A New Nuclear Build Supply Chain |
- Order and delivery schedules to meet timeframes
- Ensuring you have the skilled craft labour for new build & the professional resources to engineer and design it
- Challenges overcome and results so far
Robert Davies, Marketing Director, Areva
GUARANTEEING SKILLS PANEL SESSION
| 1155 |
Ensuring A Continuation Of Supply Of Labour Resources To Address The Whole Operation Of New Build In The UK |
- Understanding the construction skills required
- Meeting the required technical expertise for research development: where will the professional resources needed to engineer and design the plants come from
- Developing optimum training system to provide best material
- Working with government for job training incentives
- Guaranteeing the right skills for operation of NPPs in the long-term
David Barber, Head of Training, British Energy
Jean Llewellyn, Project Director, National Skills Academy
Dougie Rooney, National Officer, Energy and Utilities, Unite/Amicus
| 1235 |
Lunch in the Networking Exhibition Area |
Transferable Lessons From International Case Studies:
Analysing The Enablers For Deploying New Nuclear Build Worldwide
|
Finnish Case Study
| 1400 |
Undertaking A Programme For Environmental Assessment & Examining The Initial Planning Process For New Build |
- Current update on assessment programme
- Assessing the Finnish licensing plans and approvals
- Ensuring sufficient resources and materials
- Planning schedules and meeting demands
Heikki Raumolin, VP Nuclear Power, Fortum Power and Heat Oy
US Case Study
| 1425 |
Assessing The US Context For Nuclear & The Creation Of New Waste Disposition Paths |
- Overcoming infrastructure issues
- Acquiring professional resources, craft labour and supply chain
- Allowing for increasing waste management and storage capacities
- Evaluating reprocessing or recycling of spent fuel
Dr Thomas E. Shea, Director, Global Nuclear Policy Forum, World Nuclear University - on behalf on the US D.O.E.
| 1450 |
Coffee and Refreshments served in the Networking Exhibition Area |
Bulgarian Case Study
| 1520 |
Belene Nuclear Power Project – Examining The Technical & Financial Aspects |
- Structuring of the project and current status
- Design and safety features of the selected technology
- Financing challenges
Lubomir Velkov, Chief Executive Director, NEK
Polish Case Study
| 1545 |
Analysing The Economic Justification For Next Generation Nuclear In Poland |
- Economic impact of security of supply and diversity of fuel
- Assessing the market framework for new build to guarantee the supply chain
- Current status of the project: planning timeframes for future new build
Hanna Trojanowska, Director, International Affairs and New Technologies Department, Polskie Sieci Elektroenergetyczne SA (Poland)
| 1610 |
Chair’s Closing Remarks and End of Conference |
Top
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| Enabling New Nuclear Build 2007 Announced . . More |
Vincent de Rivaz, CEO, EDF Energy
Bill Coley, CEO, British Energy
Ian Streatfield, New Build Assessment Team Manager, Environment Agency UK
Bob Jennings, New Reactor Build
Assessment Team Manager, HSE
Andrew Hiorns, System Development Manager, National Grid UK
Martin Bond, Head, EU ETS, Energy Markets Unit, Department for Business, Enterprise and Regulatory Reform
Andrei Marcu, CEO, International Emissions Trading Association IETA
Bryce Shriver, President, PPL Generation
Heikki Raumolin, VP Nuclear Power, Fortum Power and Heat Oy
Keith Bradley, Regional VP, UK, Atomic Energy Canada Limited
Paul Longsworth, Executive Director, Fluor
Frank Barnaby, Nuclear Consultant, Oxford Research Group
Brian P. Reilly, Principal Vice President, Bechtel Power Corporation
Mike Parker, Group Chief Executive, BNFL
Didier Bienfait, Nuclear Manager, Bureau Veritas
Ian Liddell-Grainger, MP for Bridgwater, Conservative Party
David Norfolk, Manager, Special Projects, Strategy & Business Development, British Energy
Ben Wilson, Executive Director, European Utilities, Lehman Brothers
Lubomir Velkov, Chief Executive Director, NEK, Bulgaria
David Barber, Head of Training, British Energy
Robert Davies, Director, Nuclear Power, Areva
David Powell, Regional Vice-President UK, Westinghouse
Jouni Silvennoinen, Senior Manager, Engineering, OL3 Project, TVO
Thomas Scheibel, Director, Dresdner Kleinwort
Andrew Steel, Managing Director, Head of Energy and Utilities, Fitch Ratings
David Barber,
Director of Skills, British Energy
Dr Colin Bayliss,
Operations Director, Business Group, UKAEA
Jean Llewellyn, Project Director, National Skills Academy
Dougie Rooney,
National Officer, Energy and Utilities, Unite/Amicus
John Bowman, Partner, Dewey & LeBoeuf
Hanna Trojanowska, Director, International Affairs and New Technologies Department, Polskie Sieci Elektroenergetyczne SA (PSE)
Steven Norcliffe, Engineering Underwriting Manager, Munich Re UK
Alfred Fackler, Senior Engineer, Munich Re Munich
Mark Tetley, Managing Director, Nuclear Risk Insurers
Ian Jackson, Managing Director, Jackson Consulting
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