New Nuclear Power Procurement Markets: International Experiences

Ensuring safety and efficiency of the procurement market for nuclear power generation has become one of the top priorities of the policy makers in Korea since the discovery of a large number of fraudulent parts and components used by nuclear power plants. This book analyzes the nuclear power industry procurement in Korea, France, and the UK. Although all three countries restructured their electricity industry, they differ substantially in the history of the nuclear power industry, ownership and governance of firms in the industry, and relevant legal infrastructure. The findings of this book will shed light on the factors that affect safety and efficiency in the nuclear power procurement markets and the right direction for reform.Preface Summary CHAPTER 1 Introduction CHAPTER 2 Procurement Market for the Nuclear Power Industry of Korea 1. Introduction 2. An Overview of the Procurement Market for Nuclear Power Plants in Korea 3. Relevant Laws and Regulations 4. Evidence of Sub-optimal Performance of the Nuclear Power Procurement Market 5. Measures Taken by the Government 6. Chapter Summary CHAPTER 3 Factors That Caused the Inefficiency in the Procurement Market for the Nuclear Power Industry of Korea 1. Introduction 2. Case of the JS Cable 3. A Game-theoretic Analysis of the Control Cable Case 4. Fundamental Problems and Alternative Solutions 5. Measures for a More Fundamental Reform CHAPTER 4 Nuclear Procurement in the French Context 1. Introduction 2. The Nuclear Landscape in France: History, Evolution, and Actors 3. Legal Basis for Transparency and Prevention of Corruption 4. Procurement Policy in France’s Three Nuclear Operators 5. Selected Technical Characteristics of Nuclear Procurement Process 6. Safety of Nuclear Procurement: French Specifics and Comparative Strengths and Weaknesses 7. Conclusions and Future Research CHAPTER 5 Nuclear Energy in the UK: Safety Culture and Industrial Organisation 1. Introduction 2. UK Historical Context 3. UK Nuclear Renaissance 4. Development of the Generic Design Assessment Process 5. Development of the UK Nuclear Regulatory Arrangements 6. The UK Liability Regime 7. UK Regulators 8. Engineering Codes and Standards 9. UK Case Studies ? Learning From Experience 10. The European Dimension 11. Bribery and Whistle Blowing 12. Nuclear Professionalism in the UK 13. Closing Observations and Policy Recommendation