P3Tek presented the results of a 10-month study of the ThorCon thorium/uranium-fueled molten salt reactor (MSR) power plant. The study reviewed regulation, safety, economics, and the grid load and concluded the ThorCon TMSR500 liquid fission power plant can supply Indonesia electricity needs in 2026-2027.
ThorCon International is a nuclear engineering company that has expressed interest in developing and building its TMSR500 in Indonesia with an investment of approximately US$1.2 billion.
P3Tek is an agency of the Indonesia Ministry of Energy and Mineral Resources. It is the R&D center for electricity technology, new and renewable energy, and energy conservation.
Regulation. The study reported building a ThorCon TMSR500 would meet Indonesia’s regulations for nuclear energy safety and performance.
Safety. Many experts have concluded that theoretically, the ThorCon MSR technology has a high level of safety with a passive safety system and simple structure operating at low pressure. It is also cost-effective and produces clean electricity. ThorCon MSR technology can be built in the near future, said nuclear experts Elsheikh from the Egyptian Nuclear Energy Supervisory Agency; Lumbaraja & Liun, senior researchers of BATAN; and Staffan Qvist, one of IAEA’s experts from Sweden. Qvist, BATAN and BAPETEN concluded a TMSR500 would respond quickly and safely even in accident scenarios worse than Fukushima.
Economics. Financially, a 2x500MW power plant operating at 90% capacity factor is economic selling electricity at US $ 0.069 per kWh — below the Indonesia national cost of electricity generation of US $ 0.077 per kWh.
the licensing process is carried out effectively and efficiently by the relevant government institutions, the power plant construction project could be completed within seven years. Assuming a 2020 start, Phase I with a capacity of 500 MW can be operating commercially in 2027. Phase II with a capacity of 3 GW begins 2 years later.
To reduce risks and increase the certainty of the safety system, ThorCon International will carry out the implementation in two stages, development and construction. In the 2-year development stage, ThorCon International will build a Test Bed Platform facility at a cost of US $ 70 million to validate the design, test the thermal-hydraulic system and safety system of the TMSR500, and demonstrate ThorCon safety technology functions before the government and the public. The construction stage would begin in 2023 with commercial operation in 2027.