EDF International Nuclear Developments. Xavier Rouland Consejero Delegado EDF Peninsula Iberica

Transcription

1 EDF International Nuclear Developments Xavier Rouland Consejero Delegado EDF Peninsula Iberica

2 Worlwide nuclear revival

3 Nuclear civil world in figures 443 nuclear reactors in operation 31 countries with at least 1 nuclear reactor 16% of the world s electricity International Atomic Energy Agency : 146 member states Lifetime of a reactor : 50 years 34 nuclear reactors in construction About 40 countries with projects announced 3

4 TEPCo Exelon E.ON Kansai Entergy Duke Energy Electrabel RWE Chubu Vattenfall CNNC Dominion Constellation CGNPC NPCIL Endesa Iberdrola 99 Nuclear capacity per country (Gwe) (origin CEA) Total in the World: 368 GWe Japan Russia Germany South Korea Ukraine Canada UK Sweden First China Energy Spain Belgium Taiwan USA KEPCO France GW EDF RosEnergoAtom

5 Nuclear share % in electricity generation (IAEA 2007) France Lithuania Slovakia Belgium Ukraine Sweden Armenia Slovenia Switzerland Hungary S. Korea Bulgaria Czech Rep Finland Japan Germany USA Taiwan Spain Russia UK Canada Romania Argentina South Africa Mexico Netherlands Brasil India Pakistan China

6 6 Existing 2008 USA 100 1,2 New Nuclear Build Worldwide : GWs under construction & announced for 2025 (Feb. 2009) Nuclear capacities (GW) Canada 12,6 35 Being built 17 Mexico 1,3 8 Algéria Tunisia Morocco 1 Brazil Libya 2 Announced 1,4 6? Argentina 1 2,1 Niger 2 1,9 Netherland Sweden South Africa 6 0,5 9 Finland 2,7 1,6 6,7 3,2 20 India 8,9 10,2 China Russia UK Belgium. 6 Lithuania* 12 1,3 3,4 Czech Rep..* Slovakia* 3,7 21 Poland* 3 2,8 3 Hungary* 63 Germ.. 6 Ukraine 1, Switz. France Roumania* 3,2 3 Slovenia 1,4 2,4 Bulgaria* Spain 1,6 0,7 1,9 8 1, Turkey 2 4 UAE 10 Egypt Iran 3 Italie Pakistan 0,4 0,3 0,6 Further NNB announcements (GW): Armenia (1), Bangladesh (1), Belarus (2), Croatia/Albania (2), Estonia (1), Jordan (2,8), Kazakhstan (3), Philippines (0,6) ,2 Thaïland 70 8 Vietnam South Korea 17 5,4 Taïwan 5 2, Eastern Europe * 13,8 Indonésia Japan 3,6 18

7 EDF experience in the nuclear

8 EDF Nuclear facilities in France Nuclear production 418 TWh in 2008, availability 80% 77% of electricity generation in France First priority: The Safety of operating plants 58 PWR reactors in operation, on 19 sites, 63 GW Single technology: PWR (Pressurised Water Reactor) with 3 standardized series : MW: 34 units, 31 GW MW: 20 units, 26 GW MW (N4): 4 units, 6 GW MW Rythme de construction du parc nucléaire actuel d EDF 1400 MW 1300 MW 900 MW An experience of achitect engineer and operator unique in the world - 44 GW commissioned between 1980 and average operation time: 22 years - Experience feedback: ~ 1300 reactor years One new plant in construction: EPR at FLA3, to be commissioned in 2012 Decommissioning program: 9 reactors (6GGR, HWGCR Brennilis, Creys Malville, Chooz A)

9 French Nuclear Program Gaz cooled reactor (All being decommissioned) PWR 900 MW PWR 1,300 MW FBR 1,200 MW Average age : 22 years PWR 1,500 MW (N4) PWR 1,650 MW (EPR) GW built in 10 years 4-5 units / year on average

10 Major EDF characteristic : standardization benefits and anticipation Benefits of standardization Quality and efficiency of construction and engineering studies, construction cost and schedule, Safety and experience feedback in operation, lessons learned and anticipation, economics and optimization of resources for engineering, operation and maintenance 1300 reactor years of operation 10

11 Uranium resources and managment waste

12 Uranium resources : diversity and security of supply Identified uranium resources: 5.5 Mt * 14% North America 9% Others 5% Brazil Identified resources 100 years 18% Africa 14% Russia Ukraine 17% Centra Asia Undiscovered resources** 250 years 23% Australia Potential Gen4 x 50 * Source NEA/IAEA 2008 ** Prognosticated and speculative resources Identified resources - Accounting for nearly a century of current global consumption ( t/yr) - sufficient quantity to supply existing NPPs and new built between now and 2030 in LWR (U235 consumption => 0,7% natural Uranium) - widely distributed over the planet - Higher price ==> exploration efforts ==> speculated resources 15 Mt Long term sustainability - GEN4 fast reactors ==> 50 times more energy yield from natural uranium 12 * Source NEA/IAEA 2008 ** Prognosticated and speculative resources

13 The management of radioactive material and waste Management of Radioactive waste: 4 industrial principles - limiting production at the origin limiter, - sorting out according to activity level and lifetime, - conditionning under a stable package, - isolating from man and environment Radioactive waste are produced in a limited quantity : 1 MWh gives raise to 11 g of radioactive waste of which 90 % short lived Low and intermediate short lived waste are disposed of and confined in a safe and definitive way (volume 90%; activity < 1%) Sorted, Conditioned, Disposed of in two surface repositories operated by Andra (Aube centers) High level waste, long lived, are stored in a safe way, within vitrified canisters and passive storage facility (1 ha for 40 years of french nuclear fleet production La Hague), waiting for implementation in a geological disposal center under study by Andra (Bure) 13

14 Economic issues

15 Estimated production cost EPR in France - EDF as architect engineer (which bears project risk) - Including effects of price index in the contracts and technical and regulatory evolutions or contingencies Total production cost for FLA 3: 54 Euros / MWh for a 2nd EPR in France : 55 to 60 Euros / MWh 15

16 A long-term competitiveness in France Comparison with the production costs of a combined gas cycle in France Commissioning in 2015 Baseload operations /MWh CO 2 at 40/t CO 2 at 20/t EPR France 55/MWh 60/MWh $/bl Natural Gas price in oil price equivalent 16

17 A long-term competitiveness in France Comparison with the production costs of a coal plant Commissioning in 2015 Baseload operations /MWh CO 2 at 40/t CO 2 at 20/t EPR France 55/MWh 60/MWh $/t Coal price 17

18 Nuclear Generation Cost very safe and predictable structure 100% 80% 60% 40% 20% 0% 17% 7% 76% 42% 17% 41% 59% 26% 15% Gas Coal Nuclear Fuel O&M Capital 18

19 EDF strategy in the nuclear

20 Global EDF strategy in the production Necessity to prepare the future Very long term investments and assets Renew the fleet To have a diversified energy mix, we re investing in Nuclear for the base demand Wind farms and Photovoltaique to balance the mix with renewable energies Gas or coal plants for the peaks To take advantage of the worldwide nuclear revival with our unique nuclear operator experience 20

21 EDF s strengths in the nuclear revival EDF, the global leader in nuclear power generation 20% of the worldwide capacity, 440 TWh* generated The lowest CO2 emissions of Europe Average CO 2 emissions of EDF in France = 49 g/kwh (Europe = 400 g/kwh) Unique experience across the entire life cycle Experienced and safe operator Uninterrupted construction activity both in France and internationally, based on the architect-engineer model Involvement in the reliable and controlled technological advances of the EPR Experienced staff Decommissioning of first units under way * 2008 figures, consolidated with EnBW and British Energy 21

22 22 EDF, the global leader in nuclear power generation EDF RosEnergoAtom KEPCO TEPCo Exelon E.ON Kansai Entergy Duke Energy Electrabel RWE Chubu Vattenfall CNNC Dominion Constellation First Energy CGNPC NPCIL Endesa Iberdrola British Energy: 9.5 GW of total installed capacity Source: companies internet websites - EDF s Document de Référence GW

23 The lowest CO2 emission in Europe EDF SA Sweden France Austria Belgium Finland Luxembourg Denmark Spain Portugal Netherlands UK Germany Italy Ireland Greece CO2 Emission g/kwh in EU countries Europe: 400 gco2/kwh

24 Uninterrupted involment in nuclear construction 58 units built (EDF architect-engineer) & operated in France + Owner s assistance for new nuclear build and completion/modernisation projects in the world PWR PWR PWR CP0 Koeberg 1& PWR South Africa P PWR CP1 CP2 Daya Bay 1& PWR P'4 China N4 Mochovce 1&2 00 Slovakia 97 Ling Ao 1&2 02 China 05 Ling Ao 3&4 11 China 24 CPO, CP1, CP2, P4, P 4, N4 = French reactor series

25 EPR, the most advanced of the 3 rd generation reactors Mature design Safety enhancement 4 units under construction (Olkiluoto 3, Flamanville 3, Taishan 1&2) Better environmental performances (30% reduction in fuel burnt,) 25

26 EDF already involved in the World Nuclear Renaissance USA Unistar Nuclear Energy, JV 50% with Constellation 2 EPR in project UK British Energy acquisition ; 4 EPR in project Italy Italian government decision -> law of 23 July 2009 JV EDF-ENEL 31 July 2009 in charge of developping Italian EPR program China 2 EPR in construction with CGNPC ; TNPC JV 30% EDF France Flamanville EPR in construction Penly EPR Project South Africa 26

27 EdF Group s objective : develop, invest & operate a fleet of EPRs in the World 71 6 PWR EDF Track Record 18 PWR The Group s ambition Develop, invest and operate 10 EPR projects by PWR CP0 Koeberg 1& PWR PWR CP1 South Africa P4 CP2 Daya Bay 1& PWR CPO, CP1, CP2, P4, P 4, N4 = French reactor series 91 P'4 97 China N4 Mochovce 1&2 00 Slovakia Ling Ao 1&2 China China EPR Fla 3 C EPR Tsn 1 Tsn / /12 EPR Penly US EPR 2 US EPR CC3 2015/2016 UKEPR 4 UKEPR /13/16/17 UKEPR 2 Ling Ao 3&4 UK EPR /2022 ITEPR 4 ITEPR /17/19/21 ITEPR IT EPR 1 RSA EPR 2 RSA EPR / /26 Postponed tender

28 EDF s criteria to commit itself on New Nuclear Build abroad 1. Countries choosing to develop nuclear programs 2. Countries where EDF is welcome 3. Countries with favorable conditions for investors in nuclear energy Comprehensive legal framework Effective regulatory system and procedures Long term policy & financing for management of nuclear materials and waste Financing of decommissioning/dismantling Public opinion Societal & environmental framework 4. Projects based on proven reactor designs 5. Local partners with good track record in building and operating electricity generation Financial criteria meeting the Group s financial targets and risk policy

29 Muchas gracias

30 30 Annexes

31 31 United Kingdom

32 Main steps for EPR projects in the UK Illustrative schedule for the first EPR Policy Framework Licensing National Policy Statement Planning Decommissioning & Waste Management Energy Review Energy White Paper UK Government s decision on nuclear energy revival Licensing Process Definition Generic Design Assessment Site Licensing Justification Strategic Siting Assessment (SSA) up to Site Nomination SSA consultations and National Policy Statement Planning bill approved by Parliament Prepare and submit planning application Planning approval granted Energy bill approved by Parliament Guidance Prepare and submit plans Approvals granted Construction 32 Preparatory works Construction Electricity generated from new nuclear

33 Main EPR sites Red: owner = EDF Black: owner = E.On-RWE Wylfa Hinkley Point Sizewell Bradwell 33

34 Acquisition of British Energy, key nuclear actor in the UK Leading electricity generator in the UK Leading nuclear operator in the UK : 8 NPPs, 9.5 GW, including 7 AGRs and 1 PWR A coal-fired power plant at Eggborough, with installed capacity of 2 GW Prototype AGR AGR 1 AGR 2 AGR 3 Capacity MW (3) Decommissioning date authorised to date Dungeness B Hinkley Point B Hunterston B Hartlepool Heysham Heysham Torness REP Sizewell B Hunterston B Heysham 1 & 2 Hinkley Point B British Energy generation sites Torness Hartlepool Eggborough Sizewell B Dungeness B Coal Eggborough Total without Desulf with Desulf PWR (2) Nuclear AGR Coal 34

35 35 China

36 CGNPC* : a major Chinese nuclear player and longstanding partner for EDF CGNPC, one of the two nuclear leaders in China, with 4 GW installed, and 21 GW under construction CGNPC operates and builds reactors with technology known to EDF and with high safety and availability performances EDF has been cooperating with CGNPC for more than 20 years: Support in construction & operation of Daya Bay 1&2 and Ling Ao 1&2 and 3&4 (1,000 MW reactors) using Areva technology CGNPC s participation in the safety challenge of EDF Group s nuclear fleet Hydropower 20.3% Nuclear 1.3% Chinese energy mix As a percentage of installed capacities Renewables 0.7% Coal 77.7% 36 * China Guangdong Nuclear Power Group

37 Partnership with CGNPC in Taishan Key targets Being a co-investor/operator in an initial project for 2 EPRs (Taishan) while providing technical support to the project Developing a more global partnership in terms of engineering or as an investor in other Chinese or international projects Industrial outline of the Taishan project: EDF s role: project management, construction, commissioning, operation Use of the Flamanville 3 reference model taking into account initial feedbacks (Flamanville 3 project started 18 months earlier) Taishan Nuclear Power Company Joint Venture (TNPC JVC) Final agreement signed on 10 August,

38 Taishan Nuclear Power Company Joint Venture CGNPC 70% EDF 30% TNPC JVC Contracting authority: Building and operating 2 EPR units during 50 years Engineering and supply contracts AREVA Boiler nuclear island ALSTOM GTA convent. island CNPEC/DC convent. island / BOP* EDF support contract Building and operating engineering EDF s roles within the JV Providing the joint venture and the CNPEC and CNPDC engineering companies with all the support required to control the project Experienced engineers, benefiting from Flamanville 3 feedback Documentation resulting from the building of Flamanville 3 38 * BOP: Balance of Plant

39 Key milestones in the Taishan 1&2 project Boiler order Start of preparatory site work First concrete Taishan 1 Taishan 2 Start-Up Taishan 1 Taishan 1 39 Start-Up Taishan 2 Taishan 2

40 40 United States

41 A solid industrial partnership : Unistar Nuclear Energy Constellation Energy Group (CEG) EDF JV UNE 50/50 Its nuclear sites Knowledge of the electricity sector and the US industrial world EPR knowledge (Flamanville 3 and Taishan 1 & 2) Expertise in construction of NPPs : management of major projects, negotiation of supply contracts 20 people currently seconded by EDF Technical services contract between EDF & Unistar Nuclear Energy Moreover EDF owner of approximately 9.5 % of Constellation Energy Group shares Acquisition by EDF of 49,99% of CEG's nuclear assets (Calvert Cliffs 1&2, Nine Mile Point 1&2, Ginna) under review by local authorities : closing expected by end

42 1 st EPR in the USA : the Calvert Cliffs 3 project EPR Design Certification (DC) Preparation Filing of DC application Review by NRC DC approval COL Environmental report submitted Filing of COLA application Review Preparation by NRC COL issued * Project underway Supplies and Engineering Detailed specifications Long-term equipment supply and fabrication contract Financing Commercial Operation Date Construction Site preparation 1 st concrete Construction 42 * UNE is in discussions with the NRC to examine the optimisation of deadlines

43 43 Italy

44 Nuclear energy in Italy : EDF-Enel JV Reminder: Italy was a forerunner in civil nuclear energy in Europe Affirmed intention of the Italian government to revive nuclear energy Law voted on 23 July 2009 Improving public opinion, taking account of the Italian energy & climate equation Favourable economic environment for the development of nuclear energy MoU EDF-Enel on 24 February 2009 Jointly develop, build and operate a fleet of 4 EPRs in Italy Reference plant : Flamanville 3 EPR Startup of first unit expected in 2020 EDF leader of architect-engineering activities for the first unit Joint-venture EDF-Enel established on 31 July 2009, in charge of developing the Italian EPR program 44

45 45 Key Factors for Success

46 Key factors for success Adapting to the country and its industrial environment Drawing on the expertise of local electricity players involved in the construction and operation of nuclear fleet (British Energy, CGNPC, Constellation, Enel ) Adapting the organisational model, in particular through industrial agreements with local engineering companies: CGNPC-CNPEC in China, Bechtel in the USA, AMEC in the UK Using wherever possible the Flamanville 3 / FOAK project as reference model Gaining from our strong French base (standardisation effect) and relying on the Group s existing skills and expertise Pooling the resources needed for the different projects Accruing know-how and resources Drawing out standard construction and operating rules 46

47 EDF-Eletronuclear Nuclear cooperation : a commitment in the long term

48 Cooperation framework : MoU Eletrobras - EDF - Eletronuclear of 23 December 2008 Cooperation on the Nuclear power sector Sharing of nuclear experience, which may open the door to future common nuclear project development Focus on the 3 main components for the success of a nuclear program : administrative & contractual framework, technical excellence, financial & economic aspects Domains Fuel & waste Management organisation for New Nuclear Build Operation Training & Human resources management Decommissioning Site selection / public acceptance for new plants Business organisation for new NPP projects 48