WorleyParsons is an international engineering and project management company that provides services to the energy, chemicals, and resources sectors. It has over 39,000 employees working in 165 offices across 43 countries. The company has extensive experience delivering large-scale energy and infrastructure projects, including projects involving coal, gas, nuclear, and renewable energy. Germany's "Energiewende" policy aims to transition to sustainable energy through increasing renewable energy production while phasing out nuclear power. However, relying solely on renewable energy without nuclear power would be more expensive over the long term due to higher costs and need for more backup generation. Turkey is pursuing nuclear power to meet its growing energy needs driven by strong economic growth and increase demand. The UK

1. Is Sustainable Energy
Feasible Without Nuclear ?
REMOO 2013 – Belgrade 2013-09-16
Dr. Alexander Wolski, Director Strategic Projects

2.  According to ENR (Engineering News
Record) for 2013 WorleyParsons ranks
1st among the top international design
firms according to revenue for design
services performed in 2012 in $ millions,
and ranks 2nd among the companies in
the global Power market.
Power Industry Leader

3. Our History
1995 1997 1999 2000 2002 2004 2005 2006 2007
BRWWestern Power
Engineering &
Scientific Services
Transfield Power
Generation
Engineering Corp.
1893 1906 1942 1973 1995 1997 2002
Worley
Parsons E&C
2007 2007
2007 - Chile 2009 – Brazil
2008 – South Africa2004 - China
2007 - India
2009 – UK Improve
2011 – WorleyParsons RSA
WorleyParsons 2004 – $ 500M
Today – $ 7.8B

4. Global Reach
39,800 personnel |165 offices | 43 countries
A combination of extensive global resources, world recognized technical
expertise and deep local knowledge

5. We Operate in
Power
 Advanced Coal
 Coal
 Gas Turbine Based
Plants
 Nuclear
 Renewable Energy
 Transmission Networks
Minerals, Metals & Chemicals
 Base Minerals
 Coal
 Chemicals
 Ferrous Metals
 Alumina
 Aluminium
 Iron Ore
 Gas Cleaning
Infrastructure &
Environment
 Resource
Infrastructure
 Urban Infrastructure
 Ports & Marine
Terminals
 Water & Wastewater
 Transport
 Environment
Hydrocarbons
 Arctic
 Gas Processing
 Heavy Oil & Oil Sands
 INTECSEA
 LNG
 Onshore Production &
Enhanced Oil Recovery
 Pipeline Systems
 Offshore Topsides
 Petrochemicals
 Refining
 Sulphur Technology
 Unconventional Oil & Gas
WorleyParsons is a recognized leader in successful project delivery with distinguished technical experience, project
management and control system, know-how and resource, which enables the group to provide the customers with a
wide range of decisions tailored to suit the project requirements on each stage.

6. “Long-term safe, reliable,
affordable and
sustainable energy is the
basis for people’s well-
being, industrial
competitiveness and the
overall functioning of
society.”
Guenther Oettinger,
European Commissioner for Energy
Sustainable Energy

7.  Nuclear contribution
cut in halve
 Renewable
contribution tripled
 Hard Coal - 4.5%
German “Energiewende”
Electricity Generation by Source
 2012: PV largest installed
generator ( > 32 GW)
 2012: Total Installed Renewable
sufficient for peak load (> 70 GW)

8. German “Energiewende”
German Electricity in Europe
 Stable Electricity Generation (630 TWh)
 Import : 44 TWh / Export 67 TWh – Record net export
 Germany is the largest electricity exporter in the world
-60
-40
-20
0
20
40
60
80
100
0
100
200
300
400
500
600
700
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Import/ExportinTWh
ProductioninTWh
Import Export Saldo Generation

9. German “Energiewende”
Price – Mid-Size Industrial Consumer
5
10
15
20
25
30
2009S1 2009S2 2010S1 2010S2 2011S1 2011S2 2012S1 2012S2
CentsperkWhr
EU27
Denmark
Italy
Germany
Spain
UK
Belgium
Czech Republic
Sweden
France
Finland
4.1%
8.6% 8.5%
4.9% 4.7% 4.1% 3.9% 3.3% 2.8%
0.9%
-1.8%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
Average Annual Price Change 2008-12
*) including all taxes and levies

10. German “Energiewende”
Electricity Price – Private Consumer
*) including all taxes and levies
10.00
12.00
14.00
16.00
18.00
20.00
22.00
24.00
26.00
28.00
30.00
2009S1 2009S2 2010S1 2010S2 2011S1 2011S2 2012S1 2012S2
CentsperkWhr
EU27
Denmark
Italy
Germany
Spain
UK
Belgium
Czech Republic
Sweden
France
Finland
4.2%
9.7%
5.3%
5.0% 4.8% 4.8% 3.8% 3.1%
1.8%
1.2%
1.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
Average Annual Price Change 2008-12

11. German “Energiewende”
Macro-economic impact
-300
-200
-100
0
100
200
300
400
500
600
-1,500
-1,000
-500
0
500
1,000
1,500
2,000
2,500
3,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Import/ExportinBillionEUR
GDPinBillionEUR
Saldo GDP Export Import
EU-27
EURO-17
Germany
France
UK
Italy
Spain
USA
Japan
2009 11,771 8,922 2,374 1,886 1,591 1,520 1,047 10,337 3,615
2012 12,923 9,485 2,666 2,032 1,927 1,566 1,029 12,644 4,640
9% 6% 11% 7% 17% 3% -2% 18% 22%

12. German “Energiewende”
The Renewable Energy “Paradoxon”
• Peak power often is cheaper than base-load.
• The number of hours with negative prices increases.
• Peat and nuclear plants run at higher capacities during
times of low prices.
• Hard coal and gas plants run at only 10 percent capacity
when prices are negative.
10
20
30
40
50
60
70
80
Q22013
Q42012
Q22012
Q42011
Q22011
Q42010
Q22010
Q42009
Q22009
Q42008
Q22008
Q42007
Q22007
Q42006
Q22006
Q42005
Q22005
Q42004
Q22004
Q42003
Q22003
Q42002
Q22002
Q42001
Q22001
Q42000
EuroperMWh
Electricity Price at Leipzig EEX

13. German “Energiewende”
It is not “for free” !

14. German “Energiewende”
A “Cheaper” Alternative
1 NPP 1400 MW x 8760 hrs x 85% 10.4 TWh / year
10.4 TWh x 60 years 625 TWh / lifetime
3 NPP 625 TWh x 3 1876 TWh (1750)
Investment 3 x NPP @ 8 G€ 24 G€
O&M and D&D 1876 TWh @ 3 ¢/kWh 56 G€
Total cost *) 80 G€ (330)
OR
*) assuming ZERO O&M / D&D for Renewables
12½ NPP 12½ x 625 TWh 7818 TWh (1750)
Investment 12½ x NPP @ 8 G€ 100 G€
7818 TWh @ 3 ¢/kWh 234 G€
Total cost *) 334 G€
• For 60 years instead of 20
• Constant, predictable, controllable base load
• Virtually CO2-free

15. German “Energiewende”
WHY?
Because THEY CAN
Challenge for German Engineering to be mastered
Because THEY CAN AFFORD IT
“Only Germans can do this, no other country is rich enough” Bill Gates, 07/2011
The estimated annual amount of cost allocation is approximately 1% of GDP
And most importantly
Because THEY WANT TO
There is political consensus between all political parties.
Polls consistently demonstrate 70 to 92% endorsement of the population.

16.  17.5.2010
Intergovernmental Agreement (IGA) between Turkey and
Russia for the construction of 4 x 1200 MW at the Akkuyu site,
to be operational 2019-22 (1st nuclear BOO model with PPA)
 3.5.2013
Turkish-Japanese IGA granting “exclusive negotiating rights to
build a nuclear power plant” with 4 x 1000 MW at the Sinop
site; to be operational 2023-2028. The agreement includes site
selection work for 3rd nuclear site in Turkey
 29.5.2013 – Taner Yildiz, Minister of Energy
 “ the [Turkish] government has already started making plans for a
third nuclear plant because growing domestic energy needs are
unlikely to be met by the first two.”
Turkey

17. Turkey
GDP Development
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
0%
50%
100%
150%
200%
250%
300%
350%
400%
450%
500%
Turkey : 11.1%/year
Germany : 2.2 %/year

18. 100.0%
105.0%
110.0%
115.0%
120.0%
125.0%
Discontinuity ignored
Turkey
Population Development
Turkey : +1.6 %/year (74.7 Mio)
Germany : +0.03 %/year (81.8 Mio)

19. Turkey
GDP / Energy Consumption
• Economic growth and electricity consumption are
synchronized.
• Low case scenario predicts shortages already in 2017.

20.  “Turkey’s decision to make
nuclear a significant part of its
energy mix is the result of its
need to reduce natural gas
imports over the next decade”
 “Turkey’s nuclear energy
projects are very important for
the further industrialization of
the country, as it will set a
new market in the country.”
Taner Yildiz, Minister of Energy and
Natural Resources
Turkey
“Why?”

21.  Increasing the amount of energy the UK gets from low-
carbon technologies such as renewables and nuclear,
and reducing emissions through carbon capture and
storage (CCS), will help us to:
 make sure the UK has a secure supply of energy
 reduce greenhouse gas emissions to slow down climate change
 stimulate investment in new jobs and businesses
 Electricity Market Reform – Contract for Difference to
stimulate investment in low-carbon technologies (PPA
with market adjustment mechanism)
 Simplified and streamlined nuclear licensing process to
decrease investor’s licensing risk (Generic Design
Assessment).
United Kingdom
Government Policy

22.  Long-Term Nuclear Energy Strategy
“The government believes that nuclear energy has an
important role to play to deliver our long term objective of a
secure, low carbon, affordable, energy future. For nuclear
energy to reach its full potential, we must meet significant
challenges in the short term and for the longer term to 2050
and beyond.”
 Nuclear Industrial Strategy
“The Nuclear Industrial Strategy identifies priorities that
government and industry will work on together in a long-term
partnership. It aims to provide more opportunities for
economic growth and creating jobs through an increased
share of all aspects of the nuclear market.”
United Kingdom
Government Strategies

23. United Kingdom
Implementation
 EdF Energy
 Has received Generic Design Approval for its
EPR design on 13.12.2012.
 Plans to build two 1600 MW EPR at Hinkley
Point.
 Has received Planning Consent for the project
on 20.3.2013.
 Has received UK government loan guarantees
on 28.6.2013.
 Is still negotiating the “strike price”; an
agreement is expected between 113 and 119
€/MWh.
 HORIZON Nuclear (owned by Hitachi)
 Has commenced the GDA process for the
ABWR design
 Plans to build up to six 1300 MW ABWR at the
Wylfa and Oldbury sites.
 ROSATOM
 Has joined forces with Rolls Royce and Fortum
and commenced the GDA preparation for the
VVER2006 design
 MoU on cooperation in the Nuclear Power
Industry signed with UK government.
Strike Prices €/MWh
Wind-onshore 119
Wind-offshore 184-160
Tidal stream 360

24. EC Energy Roadmap 2050
Decarbonization of Energy
 European Union Goal to reduce greenhouse gases by 80
to 95 % by 2050 through
 Energy Efficiency
 Almost emission free electricity generation
 Two-thirds of electricity generation from renewables
 Five different scenarios analyzed in detail.
 The roadmap confirms economic feasibility with similar
cost for all scenarios.
 Decarbonized scenarios are overall not more expensive
than continuation of current policy.
 Commercialization of new technologies is critical, and
drive the preferred scenario (energy storage and CCS).

25.  Major investments are required as a new investment cycle
is starting
 The price of electricity will continuously raise until
approximately 2030 under all scenarios
 Energy will become more important 15% of GDP in 2050
compared to 10% in 2005
 Electricity will play a much greater role than today (x2 in
2050)
 Energy systems will transition from high fuel cost to high
capital intensity
EC Energy Roadmap 2050
The European Energy System

26.  Nuclear today is providing most of the low-carbon
electricity consumed in the EU.
 Nuclear will have to provide an important contribution
under all scenarios, especially in the market-driven
models.
 The amount of nuclear development will be bigger if the
large-scale introduction of CCS is delayed.
 Nuclear energy contributes to lower system cost and
electricity prices.
EC Energy Roadmap 2050
The Role of Nuclear

27.  Selection of an appropriate energy strategy is complex
 Indigenous resources
 Value of energy independence vs. import dependency
 Exposure to fossil fuel price volatility
 Current and forecast level of industrialization and energy demand
 Level of coupling of economic growth from energy consumption
 Air pollution and health benefits
 …
 Sustainable Energy system development requires
 Government to play a critical role, pure market mechanisms are
not adequate.
 Strong consensus on policy and strategy within policy makers and
population
 Cross-border harmonization
There is no simple answer

28. Nuclear Units in the 21st Century
45 UNITS
27.9 GW
48 UNITS
37 GW
83 UNITS
76 GW

29. Nuclear world-wide
0 10 20 30
China
Russia
India
Korea
USA
Japan
Pakistan
Slovakia
Ukraine
Abu Dhabi
Argentina
Brazil
Finland
France
69 Units under Construction Active Development Programs
 Chile, Canada
 South-Africa, Kenya, Nigeria,
Ghana
 Egypt, Saudi-Arabia, Dubai,
Jordan, Iran
 Kazakhstan, Bangladesh,
Vietnam
 UK, Poland, Lithuania, Czech
Republic, Hungary, Bulgaria,
Turkey
 … and others; >45 acc. WNA
Future plants decided

30. Nuclear energy will be needed to provide a significant
contribution in the energy transformation process in
those member states where it is pursued. It remains a
key source of low carbon electricity generation. The
highest penetration of nuclear comes in delayed CCS
and diversified supply technologies scenarios which
show the lowest total energy cost.
European Commission, Energy Roadmap 2050
The conclusion