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recovered plutonum recovered uranium Reprocessing option. Back‐end cycle.[r]

5. Cost analysis Jonghwa Chang jhchang@kaeri.re.kr

Capital cost (Investment)

Over night cost (~5,000 $/kW)

• EPC (Engineering, procurement, and construction) cost (80%)

‐ Direct cost(70%) : equipment + labor + material (to assemble)

‐ Indirect cost(30%) : supervisory

• Owner’s cost (20%)

‐ Testing

‐ Operator training

Financing cost

Insurance

Operation and Maintenance cost

‐ Fuel cost

‐ Waste disposal cost

Economics Analysis

 Front end

• uranium ore

• conversion

• fuel fabrication 

Fuel cycle cost

 Back end

• Direct disposal option

• Reprocessing option

Mining the ore Concentrate to UOC

UOC ⇒ UF6 Enrichment

UF6 ⇒ UO2 Fuel fabrication Fuel Loading

uranium purchase conversion

enrichment fabrication

32~50 $/lb U3O8 14~17$/kgU

44~100 $/kgSWU 200~400 $/kgU

Front end cost

F, xF P, xp

T, xT

feed product

tail

     

W  P V x  T V x  F V x

    1

1 2 ln x

x



 

   

 

Value function for cascade 

(multiple stage) enrichment

Separation Work Unit

x x F







F  P T

Mass balance

x x T







x F  x Px T

F : mass (kg)

x : enrichment

Unit : kg SWU

Enrichment

Spent fuel transport Storage

Encapsulation

Disposal

Storage Reprocessing

Treatment and storage of waste

Disposal of Low level waste Disposal of High

recovered plutonum recovered uranium Reprocessing option

Back‐end cycle

ref) IAEA nuclear energy series : NF-T-3.5 Costing of spent nuclear storage

Net present value 01 

N

n n n

C NPV

r









r : discount rate : invester’s desired rate of return

Storage cost

operation

safe enclosure (SAFSTOR) dismantling (DECON) entombment (ENTOMB)

decommissioning commercial operation

Radwaste disposal

- Inflation corrected price

- Discount rate 1 rn

Present value

Life cycle cost analysis

http://www.wise-uranium.org/nfcc.html input present value

Online fuel cost calculator