East-Asia nuclear/fossil power plant competitiveness

The competitiveness of a new nuclear plant vs. a new oil or gas fired combined cycle plant or a coal fired plant in East-Asia, is reviewed in the paper. Both the nuclear and the fossil fired plants are evaluated as either utility financed or independent power producer (IPP) financed. Two types of advanced light water reactors (ALWRs) are considered in this paper, namely evolutionary ALWRs (1200 MWe size) and passive ALWRs (600 MWe class). A range of capital and total generation costs for each plant type is reported here. The comparison centers on three elements of overall competitiveness: generation costs, hard currency requirements, and employment requirements. Each of these aspects is considered perspective. Year-by-Year generation cost history over the plant lifetime is shown in some cases. It is found here that a utility financed evolutionary and passive ALWRs are broadly competitive with an IPP financed gas fired combined cycle plant and are more economic than oil fired combined cycle or a coal fired plant. A single unit evolutionary ALWR may have a 12 - 15 % capital cost advantage over a single passive ALWR then adjusted on a per KWe basis. Front-end hard currency requirements of a passive ALWR are 2.5 times higher than for a combined plant and evolutionary ALWRs requires 3.6 times higher up-front cost. However, on a lifetime basis, passive ALWR net hard currency requirements are two times lower than for a combined cycle plant. Evolutionary ALWR net hard currency requirements are three times over than those of a combined cycle plant. The effects of domestic vs. world price of fossil fuels on relative nuclear competitiveness are reviewed in this nuclear competitiveness paper. Employment requirements in an ALWR during both the construction period and lifetime operation, exceed the requirements for oil or gas fired plants by a factor of five. While contributing to overall plant cost, employment requirements can also be viewed as opportunity to increase national employment and improve the technical qualification of the work force. These and other issues are further discussed in this paper. (author)