P3Tek presented the results of a 10- month study of the ThorCon thorium/uranium-fueled molten salt reactor (MSR) power plant. The study evaluated regulation, security, economics, and the grid load and concluded the ThorCon TMSR500 liquid fission power plant can supply Indonesia electrical power needs in 2026 -2027.
ThorCon International is a nuclear engineering company that has expressed interest in developing and structure its TMSR500 in Indonesia with an financial investment of roughly United States$1.2 billion.
P3Tek is an firm of the Indonesia Ministry of Energy and Mineral Resources. It is the R&D center for electricity technology, brand-new and renewable energy, and energy preservation.
Regulation. The study reported structure a ThorCon TMSR500 would meet Indonesia’s guidelines for nuclear energy safety and performance.
Safety. Many experts have concluded that theoretically, the ThorCon MSR innovation has a high level of safety with a passive safety system and basic structure operating at low pressure. It is likewise affordable and produces tidy electricity. ThorCon MSR innovation can be built in the near future, stated nuclear specialists Elsheikh from the Egyptian Nuclear Energy Supervisory Agency; Lumbaraja & Liun, senior researchers of BATAN; and Staffan Qvist, one of IAEA’s professionals from Sweden. Qvist, BATAN and BAPETEN concluded a TMSR500 would respond rapidly and safely even in accident scenarios worse than Fukushima.
Economics. Financially, a 2 x500MW power plant operating at 90% capacity factor is financial selling electrical power at US $ 0.069 per kWh — below the Indonesia nationwide cost of electrical power generation of US $ 0.077 per kWh.
the licensing process is brought out effectively and effectively by the pertinent federal government institutions, the power plant construction project might be finished within seven years. Presuming a 2020 start, Stage I with a capability of 500 MW can be operating commercially in 2027. Phase II with a capacity of 3 GW starts 2 years later.
To decrease threats and boost the certainty of the safety system, ThorCon International will carry out the execution in 2 phases, development and construction. In the 2- year advancement stage, ThorCon International will build a Test Bed Platform facility at a cost of US $ 70 million to confirm the design, test the thermal-hydraulic system and safety system of the TMSR500, and demonstrate ThorCon security innovation functions before the federal government and the public. The building and construction phase would begin in 2023 with commercial operation in 2027.
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