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Alternative contracting and financing approaches for nuclear power plants

PGR-P-278

Key facts

Type of research degree
PhD
Application deadline
Ongoing deadline
Country eligibility
International (open to all nationalities, including the UK)
Funding
Non-funded
Additional supervisors
Professor Giorgio Locatelli
Schools
School of Civil Engineering
<h2 class="heading hide-accessible">Summary</h2>

The current proposal focuses on alternative contracting and financing approaches for new Nuclear Power Plants (NPPs). Often, modern new built programmes require alternative contracting and financing approaches. Historically NPPs were deployed by large public utilities acting as client and reactor vendors acting as a main contractor using Turn Key contracts. The traditional approach relied extensively on the public finances and support. After energy liberalisations in the 80&rsquo;s, and the financial crisis started in 2008 the traditional financing and contracting approach are no longer suitable for new built programmes. Modern nuclear programmes require a financing approach that is less dependent on the public budget. Ideally, nuclear projects would be extensively financed private funds (e.g. syndicate loan, bond financing) and entrepreneurs. The alternative financing approaches would be reflected in the contracting, which establish alternative attribution of risks and responsibilities among investors and industry stakeholders. Examples of alternative financing and contracting approaches include: Public-Private Partnership, project financing, incentive contracts, open contracts. These alternative approaches are not directly applicable to the nuclear industry. The research will identify the barriers to the adoption of alternative financing and contracting in Nuclear, and it will try to overcome them. The school of civil engineering in the University of Leeds in represent an ideal opportunity because of the active faculty of engineering and the strong connection with the Business school.

<h2 class="heading hide-accessible">Full description</h2>

<p>The earliest start date for this project is 1 October 2020.</p> <p>&nbsp;</p>

<h2 class="heading">How to apply</h2>

<p>Formal applications for research degree study should be made online through the&nbsp;<a href="https://www.leeds.ac.uk/info/130206/applying/91/applying_for_research_degrees">University&#39;s website</a>. Please state clearly in the research information section&nbsp;that the research degree you wish to be considered for is &lsquo;Alternative contracting and financing approaches for nuclear power plants&rsquo; as well as <a href="https://eps.leeds.ac.uk/civil-engineering/staff/739/professor-giorgio-locatelli">Professor&nbsp;Giorgio Locatelli&nbsp;</a>as your proposed supervisor.</p> <p>If English is not your first language, you must provide evidence that you meet the University&#39;s minimum English language requirements (below).</p> <p><em>We welcome applications from all suitably-qualified candidates, but UK black and minority ethnic (BME) researchers are currently under-represented in our Postgraduate Research community, and we would therefore particularly encourage applications from UK BME candidates. All scholarships will be awarded on the basis of merit.</em></p>

<h2 class="heading heading--sm">Entry requirements</h2>

Applicants to research degree programmes should normally have at least a first class or an upper second class British Bachelors Honours degree (or equivalent) in an appropriate discipline. The criteria for entry for some research degrees may be higher, for example, several faculties, also require a Masters degree. Applicants are advised to check with the relevant School prior to making an application. Applicants who are uncertain about the requirements for a particular research degree are advised to contact the School or Graduate School prior to making an application.

<h2 class="heading heading--sm">English language requirements</h2>

The minimum English language entry requirement for research postgraduate research study is an IELTS of 6.0 overall with at least 5.5 in each component (reading, writing, listening and speaking) or equivalent. The test must be dated within two years of the start date of the course in order to be valid. Some schools and faculties have a higher requirement.

<h2 class="heading">Funding on offer</h2>

<p><strong>Self-Funding Students</strong></p> <p><strong>Funding Eligibility</strong></p> <p><strong>UK/EU</strong> &ndash;&nbsp;Leeds Doctoral Scholarship Award paying Academic Fees and Maintenance matching EPSRC rate of &pound;15,009 per year for 3 years.&nbsp; Alumni Bursary is available to previous University of Leeds graduates offering 10% discount on Academic Fees.</p> <p><strong>International Students</strong> &ndash;&nbsp;China Scholarship Council-University of Leeds Scholarship Award paying Academic Fees for 3 years,&nbsp;Commonwealth Scholarship and Commonwealth Split Site Scholarships.&nbsp; Alumni Bursary is available to previous University of Leeds graduates offering 10% discount on Academic Fees.</p>

<h2 class="heading">Contact details</h2>

<p>For further information regarding your application, please contact Doctoral College Admissions by&nbsp;email:&nbsp;<a href="mailto:EMAIL@leeds.ac.uk">p</a><a href="mailto:phd@engineering.leeds.ac.uk">hd@engineering.leeds.ac.uk</a>, or by telephone: +44 (0)113 343 5057.</p> <p>For further information regarding the project, please contact Professor&nbsp;Giorgio Locatelli by email:&nbsp;&nbsp;<a href="mailto:G.Locatelli@leeds.ac.uk">G.Locatelli@leeds.ac.uk</a></p>


<h3 class="heading heading--sm">Linked funding opportunities</h3>