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Expert briefing
Publication date: 5 May 2021

Extending nuclear plants' lifespans is a relatively low-cost way of sustaining this form of power generation, but renewable energy with zero fuel costs is challenging such…

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DOI: 10.1108/OXAN-DB261253

ISSN: 2633-304X

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Geographic
Topical
Article
Publication date: 5 April 2013

Kevin Yessian, Pat DeLaquil, Bruno Merven, Maurizio Gargiulo and Gary Goldstein

An economic assessment was performed of the potential for clean energy options to contribute to the power and desalination needs in the State of Kuwait over the next 20 to…

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Abstract

Purpose

An economic assessment was performed of the potential for clean energy options to contribute to the power and desalination needs in the State of Kuwait over the next 20 to 40 years. The paper aims to summarize two analyses that were performed for the Kuwait Institute for Scientific Research to develop a strategy promoting renewable energy and evaluating alternative technologies including nuclear energy.

Design/methodology/approach

The analyses were performed using a power and water model for Kuwait that was constructed using the International Energy Agency – Energy Technology Systems Analysis Programme (IEA‐ETSAP) TIMES modeling framework. Data provided by the Ministry of Electricity and Water (MEW) and the Kuwait Petroleum Company (KPC) characterizes the projected demand for power and water; the existing and planned power generation and water desalination plants, including the expected retirement of existing plants; and future fossil fuel prices and availability. New power generation options – including renewable energy (RE), nuclear, combined cycle gas turbines (CCGT) and reheat steam power plants (RHSPP) – were compared in this least‐cost optimization framework.

Findings

The model results indicate that by 2030 the cost‐effective RE share is 11 percent of electricity generation in the reference case and 8 percent in the case with the nuclear option. The RE technologies alone provide a 2030 net‐back value compared to the reference case of US$2.35 billion, while in the nuclear case they increase the 2030 net‐back value by an additional US$1.5 billion. Increasing the RE share, as a government policy, to 10 percent, 15 percent and 20 percent, decreases the 2030 netback benefit by US$1.0, $3.6 and $8.3 billion, respectively.

Research limitations/implications

Sensitivity runs based on scenarios that assume higher RE costs or lower availability, lower demand growth, lower oil and gas prices, higher nuclear plant investment costs, and RE capacity credit were analyzed.

Practical implications

The analysis provides a compelling economic basis for initiating a renewable energy program in the State of Kuwait. However, these forecasted benefits will only materialize to the extent the projected RE investments are achieved if they begin in earnest soon.

Originality/value

The analysis identifies a cost‐effective share of renewable energy use in Kuwait as about 11 percent of electricity generation in 2030. The investment in renewable energy provides the State of Kuwait with a net‐back value of US$2.35 billion, due to the fuel savings that are generated by using renewables.

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International Journal of Energy Sector Management, vol. 7 no. 1
Type: Research Article
ISSN: 1750-6220

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Article
Publication date: 31 August 2014

Jaka Aminata, Samuel Grandval and Abdelkader Sbihi

The aim of this study is to provide energy supply chain in Indonesia. Therefore, the best scenario has been created to fulfill energy scarcity by global supply chain…

Abstract

The aim of this study is to provide energy supply chain in Indonesia. Therefore, the best scenario has been created to fulfill energy scarcity by global supply chain partnership. All impact social-economy will be advantages. The input output analysis has been applied in this paper. The impact of output and impact of job creation are possible to describe, significantly. All barriers and opportunities that can be achieve from the lowest price, efficiency and also to reduce unemployment rate during a decade of building nuclear power plants. This research work can be applicable model for future nuclear power plants construction or other type of energy source construction that give significant impact to the economy and business sustainability. Therefore, by this project plan will cover energy needs for domestics and improve the local corporate productivity, especially for nuclear power plants equipment.

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Journal of International Logistics and Trade, vol. 12 no. 2
Type: Research Article
ISSN: 1738-2122

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Book part
Publication date: 8 November 2010

Raghu Garud, Joel Gehman and Peter Karnøe

At different points in time, energy harnessed from nuclear technology for commercial purposes has been qualified as atoms for peace, too cheap to meter, unsafe…

Abstract

At different points in time, energy harnessed from nuclear technology for commercial purposes has been qualified as atoms for peace, too cheap to meter, unsafe, sustainable, and emission free. We explore how these associations – between nuclear technology (a category used in a descriptive way) and qualities such as emission free (a category used in an evaluative way) – are materially anchored, institutionally performed, socially relevant, and entrepreneurially negotiated. By considering all these factors, our analysis shows that it is possible to understand how and why categories and their meanings continue to change over time. We flesh out the implications of these observations and suggest avenues for future research.

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Institutions and Entrepreneurship
Type: Book
ISBN: 978-0-85724-240-2

Book part
Publication date: 1 November 2017

The 2016 announcement of plans for a large new UK nuclear plant at Hinkley Point, just 250 miles from Ireland’s coast, was met with concern by many Irish people…

Abstract

The 2016 announcement of plans for a large new UK nuclear plant at Hinkley Point, just 250 miles from Ireland’s coast, was met with concern by many Irish people. Paradoxically, nuclear power was rejected in Ireland in 1979 with the development of the coal burning plant at Moneypoint in County Clare, and outlawed as an energy option in 1999, yet the country still utilises electricity from the UK’s power grid, which includes energy derived from nuclear power. Ireland’s interconnected energy grid includes Northern Ireland and the Republic. This chapter will examine the issues surrounding Ireland’s energy policy. In particular, it will focus on the debates that have occurred in Ireland in relation to the use of nuclear energy.

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The Sustainable Nation
Type: Book
ISBN: 978-1-78743-379-3

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Article
Publication date: 1 June 1999

Marvin Baker Schaffer and Mario L. Juncosa

This analysis develops and predicts a politically controversial idea, namely that nuclear fission power will be the dominant energy resource of the 21st century. Abundant…

Abstract

This analysis develops and predicts a politically controversial idea, namely that nuclear fission power will be the dominant energy resource of the 21st century. Abundant energy enables higher and more efficient utilization of resources. Energy drives the engines of industrial and food production, transportation, building construction, space heating, transformation of landscapes, recreation, etc. This article compares other energy alternatives with the potential of nuclear fission power. It predicts that several hundred nuclear plants, each nominally of 10 gigawatts capacity, could supply the world’s energy requirements without creation of polluting greenhouse gases. Moreover, the superabundance of power this would represent could feed the world, supply its drinking water, and raise the per capita income and standard of living to levels where total human population would level off at an acceptable number. However, realization of such benefits requires unprecedented world cooperation, and these issues are also treated in this article.

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Foresight, vol. 1 no. 3
Type: Research Article
ISSN: 1463-6689

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Article
Publication date: 26 January 2022

Liangyan Liu and Ming Cheng

In the process of building the “Belt and Road” and “Bright Road” community of interests between China and Kazakhstan, this paper proposes the construction of an inland…

Abstract

Purpose

In the process of building the “Belt and Road” and “Bright Road” community of interests between China and Kazakhstan, this paper proposes the construction of an inland nuclear power plant in Kazakhstan. Considering the uncertainty of investment in nuclear power generation, the authors propose the MGT (Monte-Carlo and Gaussian Radial Basis with Tensor factorization) utility evaluation model to evaluate the risk of investment in nuclear power in Kazakhstan and provide a relevant reference for decision making on inland nuclear investment in Kazakhstan.

Design/methodology/approach

Based on real options portfolio combined with a weighted utility function, this study takes into account the uncertainties associated with nuclear power investments through a minimum variance Monte Carlo approach, proposes a noise-enhancing process combined with geometric Brownian motion in solving complex conditions, and incorporates a measure of investment flexibility and strategic value in the investment, and then uses a deep noise reduction encoder to learn the initial values for potential features of cost and investment effectiveness. A Gaussian radial basis function used to construct a weighted utility function for each uncertainty, generate a minimization of the objective function for the tensor decomposition, and then optimize the objective loss function for the tensor decomposition, find the corresponding weights, and perform noise reduction to generalize the nonlinear problem to evaluate the effectiveness of nuclear power investment. Finally, the two dimensions of cost and risk (estimation of investment value and measurement of investment risk) are applied and simulated through actual data in Kazakhstan.

Findings

The authors assess the core indicators of Kazakhstan's nuclear power plants throughout their construction and operating cycles, based on data relating to a cluster of nuclear power plants of 10 different technologies. The authors compared it with several popular methods for evaluating the benefits of nuclear power generation and conducted subsequent sensitivity analyses of key indicators. Experimental results on the dataset show that the MGT method outperforms the other four methods and that changes in nuclear investment returns are more sensitive to changes in costs while operating cash flows from nuclear power are certainly an effective way to drive investment reform in inland nuclear power generation in Kazakhstan at current levels of investment costs.

Research limitations/implications

Future research could consider exploring other excellent methods to improve the accuracy of the investment prediction further using sparseness and noise interference. Also consider collecting some expert advice and providing more appropriate specific suggestions, which will facilitate the application in practice.

Practical implications

The Novel Coronavirus epidemic has plunged the global economy into a deep recession, the tension between China and the US has made the energy cooperation road unusually tortuous, Kazakhstan in Central Asia has natural geographical and resource advantages, so China–Kazakhstan energy cooperation as a new era of opportunity, providing a strong guarantee for China's political and economic stability. The basic idea of building large-scale nuclear power plants in Balkhash and Aktau is put forward, considering the development strategy of building Kazakhstan into a regional international energy base. This work will be a good inspiration for the investment of nuclear generation.

Originality/value

This study solves the problem of increasing noise by combining Monte Carlo simulation with geometric Brownian motion under complex conditions, adds the measure of investment flexibility and strategic value, constructs the utility function of noise reduction weight based on Gaussian radial basis function and extends the nonlinear problem to the evaluation of nuclear power investment benefit.

Details

Industrial Management & Data Systems, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0263-5577

Keywords

Book part
Publication date: 17 October 2015

Masayuki Murayama and Lloyd Burton

Myth is a story of archetypical personas who behave in ways and with motives that we recognize in ourselves. We use myth as a way of reminding ourselves of the…

Abstract

Myth is a story of archetypical personas who behave in ways and with motives that we recognize in ourselves. We use myth as a way of reminding ourselves of the relationship between motives, actions, and consequences. Myths can serve either as inspirational or cautionary tales, and sometimes as both. But “myth” can also mean a fabricated story intended to create a false impression, and to achieve storytellers’ ends when they have decided the truth will not suffice. We apply the myth of Cassandra to the millennium-long recorded history of giant tsunamis in Japan. After each of these catastrophes, survivors sought to warn future generations of their recurrences. But, each time, their progeny eventually lost the memory of these lessons, and lost their lives when the next monster wave overwhelmed them. Only when they kept the lessons as living knowledge in everyday life, could they manage to escape from monster tsunamis. In this chapter, we use the myth of Cassandra in conjunction with the myth of Prometheus, the bringer of fire to humankind, as a metaphor for Japan’s growing reliance on nuclear power. Government and utility companies built powerful but inherently dangerous cauldrons in the nation’s disaster-prone landscapes, assuring the public they could control the fire’s fury and defend it against nature’s. As images of atomic bomb victims were still vivid and widely shared in Japan, they had to overcome the public fear of radioactivity by fabricating a “myth of safety.” The nuclear disaster made the public distrust the government and utility companies, which lingers in the process of reconstruction from the disaster. Myths can either reveal hidden truths or mask hidden lies. The Japanese people must now learn to distinguish one from the other.

Details

Special Issue Cassandra’s Curse: The Law and Foreseeable Future Disasters
Type: Book
ISBN: 978-1-78560-299-3

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Article
Publication date: 14 November 2016

Sayanti Mukhopadhyay, Jessica Halligan and Makarand Hastak

This paper aims to investigate the major causes of the nuclear power plant (NPP) disasters since 1950, elucidates the commonalities between them and recommends strategies…

Abstract

Purpose

This paper aims to investigate the major causes of the nuclear power plant (NPP) disasters since 1950, elucidates the commonalities between them and recommends strategies to minimize the risk of NPP disasters.

Design/methodology/approach

This paper analyzes facts from five case studies: Chernobyl disaster, USSR 1986; Fukushima Daiichi disaster, Japan 2011; Three Mile Island incident, USA 1979; Chalk River Accident, Canada 1952; and SL-1 Accident, USA 1961. A qualitative approach is adopted to compare and contrast the major reasons that led to the accidents, and consequent social and technological impacts of the disasters on environment, society, economy and nuclear industry are analyzed.

Findings

Although each of the nuclear accidents is unique in terms of its occurrence and impacts, this research study found some common causes behind the accidents. Faulty system design, equipment failure, inadequate safety and warning systems, violation of safety regulations, lack of training of the nuclear operators and ignorance from the operators and regulators side were found to be the major common causes behind the accidents.

Originality/value

This paper recommends some of the nuclear disaster risk reduction strategies in terms of “lessons learned from the past accidents”. The findings of the research paper would serve as an information tool for the nuclear professionals for informed decision-making and planning for proper preventive measures well in advance so that the mistakes which led to the occurrence of accidents in the past are not repeated in the future.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 7 no. 5
Type: Research Article
ISSN: 1759-5908

Keywords

Book part
Publication date: 15 October 2013

Elżbieta Sawa-Czajka

Depending on the adopted principles of their domestic energy policy, individual countries responded in different ways to the information coming in from Japan. The majority…

Abstract

Depending on the adopted principles of their domestic energy policy, individual countries responded in different ways to the information coming in from Japan. The majority of European countries having atomic power stations recommended inspection of the installations, particularly of those of older types. Discussion concerning the safety of nuclear installations also flared up. Opponents of the atomic power industry and environmentalists, asexpected, pointed to a need to lean energy production toward so-called renewable energy sources. This chapter explores public debate on the planned construction of nuclear power station in Poland in the aftermath of the Chernobyl and Japanese nuclear reactor explosions.

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Voices of Globalization
Type: Book
ISBN: 978-1-78190-546-3

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