KPMG Nuclear power: A new generation

This KPMG publication reviews the continued global increase in nuclear builds in the U.S., Europe and the U.K.. France and a number of Gulf states are actively considering nuclear options.
“Nuclear is now firmly at the center of the energy debate – it is a crucial component in meeting the twin challenges of reducing carbon emissions and helping ensure security of supply. The next challenge will likely be delivering a new generation of nuclear reactors that generate appropriate returns.”
John Kunasek
KPMG’s Global Power & Utilities Segment Leader
The last 12 months have seen a continued global increase in nuclear build: applications for new plants have been filed in the U.S. new reactors are at advanced stages of planning in Eastern Europe; the UK Government has formally announced its support for a new build programme; work has started on Europe’s second third generation reactor in Europe at Flamaville in France and a number of Gulf states are actively considering nuclear options.
There is clear evidence that the private sector is keen to be involved in delivering a new wave of nuclear reactors. But this is not at any price – nuclear needs to be commercially attractive and the challenge will likely be delivering these projects on time and on budget which requires a strong hand from Governments. The nuclear sector presents unique risks in many ways but particularly in terms of build times, costs and licensing requirements.