White Paper: How Independent Oversight Can Restore Confidence in Large-Scale Nuclear Projects
Category: Thought Leadership
In June 2020, just a few months into a pandemic that engulfed the world in uncertainty, Ontario Power Generation completed a CDN$3.4 billion nuclear plant refurbishment project – on time and on budget.
Projects of this scope, scale and public profile are notorious for their seeming inability to avoid massive cost and schedule overruns. The plug has been pulled on numerous similar projects in recent years, at considerable financial and reputational cost.
The risk this history poses to the future of clean power generation is real. North America’s nuclear power generation capabilities cannot be sustained if cost and schedule uncertainty continue to cloud the future deployment of new nuclear technologies at a time when the world needs them most.
So how did this project succeed where so many have failed, even avoiding being derailed during its critical last few months by the black swan of all black swans? And what can we learn from its success?
This paper details how OPG’s approach to its refurbishment project was different. And it describes how project owners can improve project outcomes and reduce uncertainties for capital projects through effective and robust project assurance and oversight – the same strategy employed by OPG.
Download and read our white paper, Meeting the Energy Moment: How Independent Oversight Can Restore Confidence in Large-Scale Nuclear Projects.