Emerging suppliers Sample Clauses

Emerging suppliers. The traditional suppliers of nuclear technology are being challenged by the growth countries as they develop more experience and capabilities and start to market designs for export. Successful learning in recent construction and operation of reactors and the ability to construct the same reactor design multiple times are leading to reduced costs and reduced project risks, which in turn will make financing easier. In the near term, the ability to finance will be a key in attracting additional customers. The Korea – UAE deal was the first hint of what is likely coming from Korea and China and eventually India. When UAE first started looking for a reactor vendor, the competition seemed to involve the traditional powerhouses, but KEPCO came in with a low bid and won the contract. A similar pattern occurred when the Czech Republic cancelled an open procurement action for two reactors in 2014 due to cost concerns [57, 58], then suggested they would restart the process. The bidders on the first procurement were all traditional vendors (Rosatom, AREVA, and Westinghouse), while both South Korea and China expressing interest in bidding if the procurement resumed. These countries are not yet ready to compete in fuel cycle services, though that may also come soon. Russia is still the supplier of choice for countries with close political ties, but is also emerging as the supplier of choice for newcomers who need financial assistance. However, this could change as China uses its financial strength and current construction experience to develop its export business.
Sample 1
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