Abstract

It is shown that together with the reduced cost of electricity it is also necessary to examine other efficiency criteria for investments in NPP – the internal profitability norm and the discounted payback time of investments – and their impact on the primary profitability criterion of an NPP project – the pure discounted income. The analytical interconnection of the pure discounted income, internal profitability norm of a project, and the discounted payback time of investments, which is obtained using an exponential discounting function for the expected cash flows, is shown. The requirements of the engineering and economic parameters of NPP that make NPP competitive on the world market are formulated from an analysis of the interrelation of investment efficiency criteria. The NPP investment risk evaluated by the Monte Carlo method with prescribed uncertainty of prediction of cash flows during construction and operation of NPP is presented.

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