Publication Laka-library:
ECN/NRG business case assessment
Author | Strategy&, PWC |
1-01-8-50-100.pdf | |
Date | July 2016 |
Classification | 1.01.8.50/100 (PETTEN RESEARCH LOCATION - NRG/ECN/RCN - GENERAL) |
Remarks | Vrijgegeven na WOB-verzoek van stichting Laka, april 2017 |
Front |
From the publication:
ECN is requesting EZ for additional measures and support based on a substantial downward business case projection • In 2014, ECNINRG faced an urgent need for financing as a result of continued operational issues and unplanned shutdown of the nuclear reactor • The Ministry of Economic Affairs granted ECNINRG an €82Mn ban to ensure the long-term continuity of ECNINRG • The investment scenario was more attractive than the discontinue scenario. This conclusion was robust Context for key uncertainties considering financial (e.g., fl1 in discontinuation costs) and societal impact of discontinuation • Recently, ECN revised its business case substantially downwards, projecting €83Mn in negative liquidity by 2026 (€152Mn bebow the original 2014 projection of +€69Mn) • In this context, ECN has drawn several conciusions and is requesting a broad set of additional measures and financial support from the Ministry of Economic Affairs • ECN has conciuded that it cannot cover the costs and risks associated to the disposal of historic 2016 ECN nuclear waste and requests EZ to take over the rebated Iiability and costs (€11 OMn), and Request • Strategy& PwC 160714 Strategy& EZ ECN_Final Report.pptx Confidential property Prepared for Ministerie van Economische Zaken - In this context, EZ has requested us to assess ECN’S business case, viability of the separate parts, and different scenarios Main project objectives Underlying questions ECN business case analysis and perspective key differences between — 2014 (“2D”) and 2016 update (“MJV”) • Is continuing with ECN and NRG in the “as-is” state the best option? • What is the impact of discontinuing activities for the State and other stakeholders? High level viability analysis of • What is the impact and rîsks of individual business activities ECN — separating ECN Duurzaam and NRG? Duurzaam, NRG (excL RWMP) • What is the impact and risks of transferring historic waste liability (RWMP)? High-level financial assessment of • What is the high-level feasibility of offensive scenarios? different scenarios mci. — discontinuation, legal separation and offensive