Dry storage of spent nuclear fuel in UAE - Economic aspect

Cost analysis of dry storage of spent nuclear fuel (SNF) discharged from Barakah nuclear power plants in the UAE was performed using three variables: average fuel discharge rate (FD), discount rate (d), and cooling time in a spent fuel pool (Tcool). The costs of dry storage as an interim spent fuel storage option in the UAE were estimated and compared between the following two scenarios: Scenario 1 is 'accelerated transfer of spent fuel to dry storage' that SNF will be transferred to dry storage facilities as soon as spent fuel has been sufficiently cooled down in a pool for the dry storage; Scenario 2 is defined as 'maximum use of spent fuel pool' that SNF will be stored in a pool as long as possible till the amount of stored SNF in the pool reaches the capacity of the pools and, then, to be moved to dry storage. A sensitivity analysis on the costs was performed and multiple regression analysis was applied to the resulting net present values (NPVs) for Scenarios 1 and 2 and ΔNPV that is difference in the net present values between the two scenarios. The results showed that NPVs and ΔNPV could be approximately expressed by single equations with the three variables. Among the three variables, the discount rate had the largest effect on the NPVs of the dry storage costs. However, ΔNPV was turned out to be equally sensitive to the discount rate and cooling period. Over the ranges of the variables, the additional cost for accelerated fuel transfer (Scenario 1) ranged from 86.4 to 212.9 million $. Calculated using the maximum difference (212.9 M$) between the two scenarios, the accelerated fuel transfer to dry storage could incur the additional electricity rate 8.0 × 10−5 USD/kWh, which is not considered to be significant, compared to the overall electricity generation cost.