Effective Decommissioning Of Nuclear Power Plant Asset
Introduction
Successful decommissioning of an Asset generally consists of four preparatory stages:
The process involved in decommissioning the asset
Restoration Planning:
Execution
Strategy
?Rules and Regulations
A program by International Atomic Energy Agency, IAEA included decontamination and decommissioning activities. The IAEA sees its duty here as aiding its member states in the safe, timely, and cost-effective dismantling of their nuclear sites.
Regulatory requirements:
The creation of a safe, effective, and cost-effective strategy for decommissioning each member state’s nuclear facilities must take place within the context of the country’s nuclear policy as well as its safety and regulatory requirements. Should also consider the number and types of licenses, whether the licenses are private or state-owned, the availability of waste storage or disposal capacity, future use of the site, the availability of the necessary technology and skilled workers, and the financial resources needed to complete the task.
Regulatory guidelines:
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The regulatory procedure for the guidelines and evaluation of decommissioning solutions varies per Member state. Some examples are:
·????????Decommissioning regulations provide standards for decommissioning options, timing, and so forth.
·????????The need to assess the various decommissioning alternatives available for the given facility, this selection procedure may also include cost-benefit or multi-attribute assessments.
·????????The demand for a justification of the chosen option and a willingness to examine any options that the applicant can demonstrate to be both adequately safe for the environment desirable.
Regulatory standards for optimization:
An agreement must be struck between quantifiable criteria (e.g., peak risk to the individual and discount cost) and nonquantifiable factors (such as the desire to return to greenfield). The selection of a preferred decommissioning plan is generally based on an optimization analysis that involves, among other things, radiation protection. The effect of the various parameters is to be evaluated based on elements of safety and the environment, technological aspects, cost, and considerations for social and political factors.
?Budgeting and financial reporting
Every nuclear plant must be decommissioned at the end of its useful life, usually after operating for 40-60 years. The decommissioning of a nuclear plant costs around $500 million per unit, but the actual cost depends on the plant’s size and design. The cost of decommissioning can be significantly higher if the plant has become more contaminated. In some cases, the decommissioning of a nuclear plant can reach up to $1 billion per unit. A typical financial statement will take into consideration the overall dismantlement and restoration costs, regulatory and competition law proceedings, termination benefits, and the whole future storage cost.
Some factors that influence the costs of decommissioning:
?Risk Management during asset disposal
Two general processes to manage risk during asset disposal are categorized firstly, on a strategic level involving strategic risk management or the application of risk management to strategic challenges and strategic planning, this process is becoming popular among a variety of enterprises. An important input is the observation that the major assumptions used in decommissioning planning can be reasonably equated to the strategic assumptions used in strategic risk management. Secondly, an operational level where risks are managed during the implementation and execution of a decommissioning project. Steps in this process include establishing the context, determining risk criteria, risk assessment, risk treatment, monitoring and reviewing, communication and consultation. The former deals with the management of key assumptions, facts, strategic decisions, and related uncertainties. It is of a qualitative nature and covers aspects of the evolution of assumptions toward strategic decisions. While the latter deals with the management of risks associated with project details of the decommissioning work to be performed. It is more of a quantitative nature and covers aspects of risk escalation.
?Final Thoughts
The decommissioning programs stretch over such long timescales that the whole asset life-cycle is encompassed, including the concept, design & build operations, and finally the decommissioning. The decommissioning equipment will itself need to be decommissioned and the facilities that store the produce from the decommissioning process will also require asset management strategies to ensure the facilities operate safely in the future. There is a huge amount of asset machinery and infrastructure involved in the whole process of nuclear decommissioning and these require an asset management strategy and a whole-life asset management plan. This is what we provide at Optimal.
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