Analysis of Global Vendors' Proposals for NPP Construction in Serbia

Published: 06.12.2025
Comprehensive analysis of proposals from leading global nuclear technology suppliers for NPP construction in Serbia according to IAEA NG-G-3.1 methodology. The document examines in detail five large-scale reactor proposals: Russian VVER-1200 (Rosatom) with target construction time of 69 months and specific cost of $2,271/kW, South Korean APR-1400 (KHNP) — the "gold standard" of execution at $2,157/kW, French EPR2 (EDF) with historical delay issues, American AP1000 (Westinghouse) at $8,300-10,375/kW, and Chinese HPR1000. A separate section is devoted to analysis of small modular reactors and the FOAK-NOAK gap. The study includes modeling of total project duration (8-13 years before construction start), comparative analysis of geopolitical risks and financial imperatives, including the significance of preferential state loans.