new nuclear power plant project in finland veijo ryhänen tvo
DESCRIPTION
Energy Conference Lisbon , 22 February 200 6. New Nuclear Power Plant Project in Finland Veijo Ryhänen TVO. Contents. S upply of electricity in Finland Role of nuclear power Arguments supporting nuclear new build Status of nuclear waste management New OL3 power plant - PowerPoint PPT PresentationTRANSCRIPT
New Nuclear Power Plant Project in Finland
Veijo RyhänenTVO
Energy ConferenceLisbon, 22 February 2006
Contents
• Supply of electricity in Finland
• Role of nuclear power
• Arguments supporting nuclear new build
• Status of nuclear waste management
• New OL3 power plant
• Concluding remarks
Electricity Supply by Energy Sources in Finland 2005 (84.9 TWh)
Hydro16.0 %
Wind0.2 %
Peat5.3 %
Biomass10.5 %
Nuclear26.3 %
Natural gas10.5 %
Coal8.2 %
Oil1.8 %
Net imports20.0 %
Waste1.2 %
Source: Finnish Energy Industries
Loviisa
LO1 PWR 488 MW 1977LO2 PWR 488 MW 1980
OL1 BWR 840 MW 1978OL2 BWR 860 MW 1980
Olkiluoto Loviisa
Helsinki
Nuclear Power Plants in Finland
Olkiluoto
TVO Company
• Privately owned generating company established in 1969• Personnel about 630• Turnover about EUR 200 mill.• Sells electricity only to the shareholders at cost basis
Existing Nuclear Power Plant Units (Olkiluoto 1 and 2)• 840 and 860 MWe, BWR, Westinghouse Atom• Start of operation in 1978 and 1980• Modernization and uprating programmes since 1982
New Nuclear Power Plant Unit (Olkiluoto 3)• 1600 MWe, PWR, Framatome/Siemens consortium• Start of operation in 2009
Other Power Plants• 45% share in 565 MW coal-fired power plant (Meri-Pori)• 1 MW wind power plant at Olkiluoto
Subsidiaries• Posiva Oy (60 %) responsible for the final disposal of spent fuel• TVO Nuclear Services Oy (100 %) specialized in know-how consulting
Olkiluoto Power Plant Site in 2004
0
20
40
60
80
100
120
1930 40 50 60 70 80 90 2000 2010 2020
Electricity Consumption in Finland
TWh
Statistic
Forecast
Source: Finnish Energy Industries
Arguments for a New Nuclear Plant Unit
• Covers partly the additional electricity demand and replaces old power plants
• Enables, together with renewables, the fulfilment of the Kyoto commitments
• Secures stable and predictable electricity price
• Reduces the dependence on electricity import
Olkiluoto 1 and 2 Electric Power Production (TWh) and Capacity Factor (%)
10,911,3 11,4 11,5
10,9
11,6 11,6 11,6 11,8 11,7 11,7 11,912,5
13,4
14,2 14,1 14,2 14,1 14,2 14,214,187,491,2 91,6 92,4
87,7
93,6 93,6 93,295,3 94,4 94,1 93,8 94,1 94,6
96,7 95,6 96,3 96 96,3 95,6 96,1
0
2
4
6
8
10
12
14
16
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
0
10
20
30
40
50
60
70
80
90
100
TWh %
Power Generating Costs with Emission Trading Premium
13,8
5,38,9 11,0 13,0
40,17,2
3,5
7,76,7
8,2
10,0
2,7 25,2
19,3
30,87,0
52,050,1
21,0
16,2
19,6
41,0
52,1
58,4
23,7
35,3
27,3
22,8
14,9
0
10
20
30
40
50
60
Elspot2000
Elspot2001
Elspot2002
Elspot2003
Nuclear Gas Coal Peat Wood Wind
euro/MWh
Emission trade 20 €/t CO2Fuel costsO&M costsCapital costs
Generation costs without investment subsidy and the return of electricity tax (wood and wind)
Operating hours 2200 hours/year
R.Tarjanne 18.06.2005
Operating hours 8000 hours/yearReal interest rate 5,0%
April 2005 prices
Greenhouse Gas Emissions 1990-2004 and Finland’s Commitment
Source: Statistics Finland
Two underground repositories for LLW/ILW in operation since 1992 (Olkiluoto) and 1998 (Loviisa)
Spent fuel Site selected for the deep repository (Olkiluoto) Construction of the underground site
characterisation facility (ONKALO) started in 2004 Start of final disposal in 2020
Funds collected for future costs of nuclear waste management EUR 1.4 bill. in 2005
Current Status of Waste Management Programme
Spent Fuel Management
• Interim storage in water pools at the power plant sites (total accumulation 1380 tU by the end of 2004)
• Preparations for final disposal since the early 1980s (R&D, siting, EIA)
• ”Decision in Principle” process (1999-2001) for implementation of final disposal; decision of the Government in 2000, ratification by the Parliament in 2001
• Direct disposal in crystalline bedrock; site selected for the deep repository (Olkiluoto in the municipality of Eurajoki)
• Construction of the underground rock characterisation facility (ONKALO) started in 2004
OL3 Project in a Nutshell
• Licensing• Decision in Principle – application in 2000, the Government’s decision
ratified by the Parliament in 2002
• Construction licence in 2005
• Supplier: Consortium formed by Framatome ANP and Siemens
• Power plant• Reactor type EPR (PWR)
• Net electrical output 1,600 MW
• Estimated annual production 13 TWh
• Investment cost EUR 3 billion
• Start-up of operation – 2009
Nuclear Licensing Process in Finland
ENVIRONMENTALIMPACT
ASSESSMENT
Ministry of Tradeand Industry
DECISIONIN PRINCIPLE
GovernmentParliament
CONSTRUCTIONPERMIT
Government
OPERATINGOPERATINGLICENSELICENSE
Government
April 2005
October 2005
January 2006
• Engineering, licensing, manufacturing and construction proceed, more than 900 subcontracts signed; number of designers in excess of 1000
• Licences and permits needed for the construction granted
• Owner’s work completed at site, construction site handed over to the Supplier
• Certain civil works and manufacturing over six months behind the original schedule; however, electricity production estimated to start in 2009
• Financing and insurances in place
• Civil work proceeding, manpower at site about 600, over 20 nationalities
• Recruiting in progress, training of operating personnel (41 persons) has commenced
OL3 Status - February 2006
Olkiluoto in 2009
ONKALO Site in 2005
Spent Fuel Repository around 2050
Source: Posiva
Facts Supporting Use and New Build of Nuclear Power in Finland
• Positive technical and economical experiences of nuclear power over 25 years
• Competitive generating costs and long-term price predictability
• CO2 free energy form in line with national targets
• Efforts to reduce dependence on import and to increase security of supply
• Suitability of TVO’s ownership for long-term investment (cost base model)
• Politically accepted spent fuel disposal and waste management solutions, as well as proper funding arrangement for future costs