NINA takes advantage of the development expertise NRG has gained developing STP 3&4 and on the design and construction experience of Toshiba with the ABWR—the only advanced nuclear technology that is NRC-certified and has been built on-time and on-budget. NINA employs a disciplined approach to nuclear development and investment in ABWR projects. Its structure aligns the interests of both developer and prime contractor—to optimize the schedule, performance and costs of its projects while sharing risk in a manner consistent with the requirements of traditional project finance.

One of NINA’s key development advantages is that Toshiba is extending pre-negotiated Engineering, Procurement and Construction (EPC) terms to the company for two additional two-unit nuclear projects similar to the terms being offered for the STP unit 3 and 4 development. NINA will work with Toshiba to develop each project’s costs, including a pre-negotiated project fee and contingency percentage, utilizing a collaborative process and ABWR’s proven design to bring a higher probability of success and certainty to any nuclear project. This is key to nuclear development as the cost and commercial terms associated with the construction of new nuclear units have emerged as perhaps the biggest remaining obstacles to the nuclear renaissance in the United States.

NINA expects to focus on developing new ABWR projects at existing nuclear plants in partnership with nuclear power companies seeking to develop new advanced nuclear units at existing nuclear plants. The company is exploring potential sites and partners for additional units.