14
Since the policy for handling spent fuel within China has not yet been determined it is intended that provision is made at the power station to store up to 10 years production of spent fuel. must be additional storage space capable of receiving an emergency discharge of the entire reactor core.
There
3.3
Economics and Finance
3.3.1
3.3.2
Introduction
One
was
to of
the joint feasibility study the major tasks of investigate whether it would be economically and financially viable to develop a nuclear power station in Guangdong jointly by GPC and CLP. It has been assumed that CLP's participation will be through a Hong Kong company tentatively called Hong Kong Nuclear Investment Company (HKNIC) which will be managed and controlled by CLP
joint company a
tentatively
called
It has been assumed that Guangdong Nuclear Power Company (GNPC) will be established by GPC and HKNIC for the development, owning and operating of the joint nuclear power station.
Estimated Costs of Joint Nuclear Power Station
Assuming that 2 x 900 MWe PWR units will be put into commercial operation in early 1988 and 1989 respectively, the cost estimates are as follows:-
US$ million US$ per kW
Base cost (as at 1980) *
1857.5
1032
Initial fuel charge (as at 1980)
195.6
Escalation
1112.7
Sub-total
Interest during construction
3165.8
1759
902.3
Total cost
present value (DCF at 12% p.a.)
4068.1
2369.0
2260
* Base cost does not include transmission costs.
3.3.3
Financing of GNPC
The total capital expenditure of the joint nuclear power station is expected to be financed by GNPC share equity (10%) and long-term loans (90%).
OPS གཡv*
No comments yet.
Private notes are available after approval.