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FUNDING AND FINANCING OF A NUCLEAR POWER PROGRAMME

funding and financing in nuclear power programme workshop
Mr. Mortin, an International Expert speaking at the National Workshop on Required Resources for a Nuclear Power Programme.

5th – 7th July 2022. NuPEA and the International Atomic Energy Agency (IAEA) held a National Workshop on Required Resources for A Nuclear Power Programme at Emara-Ole Sereni Hotel. The workshop aimed at strengthening the Agency’s capacity and enabling progression in the development of the funding plan for the power programme. The meeting had representation from IAEA Staff, International Experts, The National Treasury and Planning; Ministry of energy; KenGen, KNRA (Kenya Nuclear Regulatory Authority) and NuPEA staff. The Agency completed the prefeasibility study in 2014, which had a review of the funding and financing infrastructure issue, and it included identification of funding requirements for activities to be implemented during Phase 1 and 2 of the programme. The funding plan aims to :

International Expert, Seth Debrah, engaging with other stakeholders at the Workshop
International Expert, Seth Debrah, engaging with other stakeholders at the Workshop

1. Assess the progress made in implementing activities in phases 1 and 2.

2. Review the expenditure to date on completed and ongoing activities.

3. Estimate the costs of planned activities for phases 1 and 2.

Some of the activities to be implemented in phases 1 and 2 are but not limited to: Prefeasibility studies, Development of National policies and a Legal and Regulatory Framework, Establishment or upgrading of Organizations, Development of the required Human Resources, Implementation of a Stakeholder Engagement Plan, Financing options, Establishment of key organizations (Regulatory Body, Owner/Operator), Completion of key studies (such as siting, environmental impact, grid and waste management studies). 

The IAEA carried out an Integrated Nuclear Infrastructure Review (INIR) Mission in 2015, and applauded NuPEA for identifying activites that needed funding and thereby make an early evaluation of the cost of the required infrastructure. Progress in developing the funding and financing infrastructure issue entailed implementing the recommendations of the Prefeasibility study, INIR reports and previous studies thereby leading to the development of the funding plan