MENA nuclear decommissioning market, 2012Presentation Transcript
THE MIDDLE EAST NUCLEAR NEW BUILD REPORT 2012MENA Nuclear Power Market Map 2012 www.nuclearenergyinsider.com
THE MIDDLE EAST NUCLEAR NEW BUILD REPORT 2012 | PAGE 2Forecast for the the Middle East and North Africa TurkeyThis presentation shows the expanding market for nuclear equipment Tunisia Syria Lebanonand services in support of the construction of new Nuclear Power Plants Morocco Iraq Israel(NPPs) in the Middle East and North Africa Region. Jordan Kuwait Algeria Libya Egypt BahrainFurther analysis of the market, including 15 in-depth interviews with senior Saudi Qatarnuclear industry executives with direct experience of the MENA Market Arabia UAEand government officials, can be found in the The Middle East Nuclear OmanNew Build Report 2012 available now at nuclearenergyinsider.com. Yemen2020 2030 2010 2011 2012 2013 2014 2015 30% of executives surveyed expected11-15 GWe 58% of executives surveyed expected up to 40 GWe Anticipated demand for electricity is expected to grow (Gigawatt of Electrical Energy) to be in operation by 2020 to be in operation by 2030 by 25% per year from 2010 to 2015 (Deloitte)
THE MIDDLE EAST NUCLEAR NEW BUILD REPORT 2012 | PAGE 3MENA nuclear program tracker TURKEY 4 Unit Nuclear Power Power Plant under contract Project: Akkuya Size: Four VVER 1200 reactors Capacity: 4.8 GWe Construction suppplier: Rosatom Construction deal: $20 billion EPC Contractor: JSC Atomstroyexport Completion: 2019 UAE 4 Unit Nuclear Power Power Plant under contract Project: Braka JORDAN Size: Four 1400 MW (e) APR1400 reactors Project: Majdal project Supplier: KEPCO Size: Single unit 750 to 1000MW plant Construction subcontracts: $5.59 billion – Samsung Scheduled commencement: 2013 and Hyundai Completion: 2017 Completion: 2017 EGYPT On hold due to political turmoil, which prior to the Arab Spring was scheduled SAUDI ARABIA for NPP tender in 2011. 16 reactors to be built over next 20 years.
THE MIDDLE EAST NUCLEAR NEW BUILD REPORT 2012 | PAGE 4Future MENA Commercial Nuclear Power Marketn NPP contracted TURKEY Kuwaitn Near term developments programs Nuclear will provide 5% of total energy by 2020. Post Fukushiman Long term interest Future programs – halted plans for Project: Sinop four 1000 MWe Status: Negotiations with TEPCO regarding a NPP reactors by 2022. (four 1350nMWe ABWR reactors) were halted following the accident in Fukushima.NPP contracted Possible future bids: • APWR reactors supplied by Mitsubishi with KansaiTurkey • French consortium of Areva and GDF SuezUAE * UAENear term development programs 1 to 3 additional JORDAN 4 reactor NPPs Nuclear will provide: with unit capacityBahrain * Oman * • 6% of total energy by 2020 expected toEgypt Qatar * • 30% of total energy by 2030-2040 exceed 1200 MWe.Jordan Saudi Arabia *Kuwait * EGYPTLong term interest Subject to political stability:Algeria Morocco Announced nuclear capacity target: SAUDI ARABIAIraq Syria Four reactors by 2025 Nuclear energy will provide 20% of total energy by 2030.Israel TunisiaLebanon Yemen Announced nuclear capacity target is 16 reactors by 2030:Libya • First two reactors targeted for completion by 2021 • Two more to be completed each year after 2021* Members of the Gulf Cooperation Council’s (GCC) nuclear power cooperation initiative. Expected total capacity: 22.4 GWeFurther explanation of the GCC’s role and objectives can be found in section 2.5.4 of the full report.
THE MIDDLE EAST NUCLEAR NEW BUILD REPORT 2012 | PAGE 5Potential civilian nuclear energy spendingTURKEY UAE 2012 2019 2025 2012 2019 2025 $1.5bn $13bn $9bn $3bn $18.5bn $14bn SAUDI ARABIAJORDAN 2012 2019 2025 2012 2019 2025 EGYPT 2012 2019 2025 $1bn $7bn $7bn$0.25bn $3.5bn $1bn $0bn $1bn $0.5bn
THE MIDDLE EAST NUCLEAR NEW BUILD REPORT 2012 | PAGE 6MENA research reactors status trackerALGERIA ALGERIA TURKEY TURKEY TURKEYFacility: NUR Facility: ES-SALAM Facility: TR-1, Turkish Reactor 1 Facility: TR-2, Turkish Reactor 2 Facility: ITU-TRR, Tech UnivType: Pool Type: Heavy Water Type: Pool Type: Pool Type: Triga Mark IIPower KW(t): 1,000 Power KW(t): 15,000 Power KW(t): 1,000 Power KW(t): 5,000 Power KW(t): 250Status: Operational Status: Operational Status: Shut down Status: Shut down Status: Operational IRAQ Facility: IRT-5000MOROCCO Type: Pool, IRT Power KW(t): 5,000Facility: MA-R1 Status: OperationalType: Triga Mark IIPower KW(t): 2,000Status: Operational IRAQ Facility: TAMMUZ-2 Type: Pool Power KW(t): 500 Status: Shut DownLIBYAFacility: IRT-1 JORDANType: Pool, IRTPower KW(t): 10,000 Facility: Jordan Research andStatus: Operational Training Reactor Type: Tank in Pool Power KW(t): 5,000 Status: Under constructionEGYPT EGYPT ISRAEL ISRAEL JORDANFacility: ETRR-1 Facility: ETRR-2 Facility: IRR-1 Facility: IRR-2 Facility: JSAType: Tank WWR Type: Pool Type: Pool Type: Heavy Water Type: SubcriticalPower KW(t): 2,000 Power KW(t): 22,000 Power KW(t): 5,000 Power KW(t): 26,000 Power KW(t): 0Status: Operational Status: Operational Status: Operational Status: Unverified information Status: Under construction
THE MIDDLE EAST NUCLEAR NEW BUILD REPORT 2012 | PAGE 7Major nuclear programs: JordanProgram Highlights and ScheduleMid 2007 Nuclear Engineering Department established at Jordan University of Science and TechnologyMay 2008 Nuclear Law establishes JAEC and independent JNRC JordanJuly 2008 Atomic Energy of Canada Ltd (AECL) with SNC-Lavalin conduct a 3-year feasibility study on building an AECL 740 MWe Enhanced Candu-6 reactor using natural uranium fuel, for power and desalinationDecember 2008 MOU with Korea Electric Power Corp (KEPCO) to carry out site selection and feasibility study on nuclear power and desalination projects Mid 2010 JSA construction initiatedJanuary 2009 JRTR RFP issued November 2010 Groundbreaking for Jordan Center for Nuclear ResearchSeptember 2009 Tractabel Engineering, a subsidiary of GdF Suez, undertakes a two-year siting study February 2011 GDF Suez, Rosatom, Datang International Power Generation Co. and Kansai Electric Power Co. short-listed as possible strategic partners to operate andNovember 2009 $11.83 million agreement with Worley Parsons for the pre-construction invest in the new plant phase of a 1000 MWe nuclear power plant. (Technology selection, tender preparation and bid evaluation) Mid 2011 JSA commissioningMarch 2010 $130 million agreement with Korean Atomic Energy Research Institute and Late 2011 JRTR PSAR Submittal Daewoo Engineering and Construction Co, to construct a 5-megawatt reactor, a radioactive isotope manufacturing facility, and a nuclear training centre near December 2011 NPP Supplier selected the northern city of Irbid December 2013 JRTR FSAR SubmittalApril 2010 Agreement with Areva for the protection of the planned nuclear installations and the exploration and mining of uranium July 2014 JRTR Operating License & Fuel loadJuly 2010 Fixed price EPC contract for JRTR awarded to KAERI & Daewoo E&C 2020 First NPP online
THE MIDDLE EAST NUCLEAR NEW BUILD REPORT 2012 | PAGE 8Major nuclear programs: TurkeyProgram Highlights and Schedule Turkey1976 Akkuyu site license approved1982 Revised nuclear law establishing Turkish Atomic Energy Authority (TAEK) issued1997 Proposals for Akkuyu received2000 Akkuyu Project cancelled2007 Nuclear laws updated to address the construction and operation of NPP and sale of their electricity • TAEK set criteria on construction and operation of NPPMarch 2008 Issued Tender for AkkuyuJune 2008 123 Civilian nuclear cooperation agreement signed with USMay 2009 High Planning Council approved the Strategy Paper Concerning the Electricity Market and Security of Supply targeting nuclear to reach a minimum of 5% by Mid 2011 TEPCO withdraws from negotiation for Second Project 2020, expected to increase Late 2013 Akkuyu First concreteMay 2010 $20 billion Intergovernmental agreement (IGA) signed with Rosatum to build, own and operate the AES 2006 Akkuyu plant with four 1200 MWe units 2018 First unit to be operationalJune 2010 Civilian nuclear cooperation agreement signed with South Korea 2019 Akkuyu Commercial OperationNovember 2010 KEPCO withdraws from negotiation for Second Project 2021 Last units operational