THE Nuclear Industry Association (NIA), a UK trade association for civil nuclear industry, has released framework which could enable industry to cut the costs of constructing new nuclear stations in the UK. As part of the UK Government-backed Nuclear Sector Deal, a new report developed by a cross-industry team sets out the key factors involved in reducing risks and costs by 30%, by 2030. The £200m (US$257.4m) deal, announced in 2018, is a partnership with nuclear industry which seeks to drive down costs, and increase innovation and workforce diversity. The report, Nuclear New Build Cost Reduction, incorporates lessons from projects around the world and shows that nuclear power is set to play a pivotal role in achieving net zero by 2050, while creating thousands of high-quality jobs and economic opportunities in the country.
Chemical Engineer 14th Sept 2020 read more »