UK Commits to Financing Method for New Nuclear Reactors
- Oct 29, 2021 8:26 pm GMT
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UK Commits to Financing Plan for New Nuclear Power Plants
The UK finally steps up to financial reality by announcing that it is going ahead with the regulated-asset-based (RAB) model. The plan will support companies building new plants by paying them while they reactors are being built. It is similar to the “construction while in progress” (CWIP) method of financing used in the US in Florida, South Carolina, and other states. The benefits in the UK of the RAB method of financing will by to reduce risk of failure due to lack of capital during construction and allow for cheaper costs overall as the utility will not have to carry the interest of loans until the reactor is in revenue service.
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