Nuclear Liability Act to Unlock 9,000 MW SMR Investment

Thansettakij•Economy•6d ago

Reader Briefing

The Office of Atoms for Peace is pushing for a Nuclear Liability Act to support the deployment of 9,000 MW of Small Modular Reactors in Thailand.

•The Office of Atoms for Peace is proposing the Nuclear Liability Act to attract investors for Small Modular Reactors (SMR).
•The Thailand Power Development Plan (PDP) includes a target of 9,000 megawatts of SMR capacity.
•The draft law sets a liability limit of 300 million Special Drawing Rights (SDR) per nuclear incident.
•A Nuclear Damage Fund will be established within the Office of Atoms for Peace to manage compensation.

•The Thailand Power Development Plan (PDP) has incorporated Small Modular Reactors (SMR) with a total capacity of 9,000 megawatts into the country's new energy scenario.
•The Office of Atoms for Peace is pushing the draft Nuclear Liability Act, which has passed public hearings and received approval from the Nuclear Energy Commission.
•The draft Nuclear Liability Act is currently being prepared for submission to the House of Representatives.
•The draft law allows operators to limit liability for a single nuclear incident to no more than 300 million Special Drawing Rights (SDR).
•Operators must provide insurance or financial guarantees of at least 300 million SDR to ensure sufficient funds for victim remedy.
•The draft law establishes a Nuclear Damage Fund within the Office of Atoms for Peace, with Government Savings Bank serving as the fund manager.
•The Office of Atoms for Peace is developing 19 areas of infrastructure and preparing a national joint management center to oversee SMR licensing.

Full article content is available on the original source.

Office of Atoms for Peace(สำนักงานปรมาณูเพื่อสันติ)ℹ️

The agency pushing for the Nuclear Liability Act and housing the proposed Nuclear Damage Fund.

Ministry of Higher Education, Science, Research and Innovation(กระทรวงการอุดมศึกษา วิทยาศาสตร์ วิจัยและนวัตกรรม)ℹ️

The ministry whose minister will serve as the caretaker of the Nuclear Liability Act.

Nuclear Energy Commission(คณะกรรมการพลังงานนิวเคลียร์)

The body that has already approved the draft Nuclear Liability Act.

House of Representatives(สภาผู้แทนราษฎร)ℹ️

The legislative body to which the draft Nuclear Liability Act will be submitted for consideration.

International Monetary Fund(กองทุนการเงินระหว่างประเทศ)ℹ️

The organization that defines the Special Drawing Rights (SDR) used for liability limits in the draft law.

Government Savings Bank(ธนาคารออมสิน)

The entity designated to manage and administer the Nuclear Damage Fund.

International Atomic Energy Agency(ทบวงการพลังงานปรมาณูระหว่างประเทศ)ℹ️

The organization whose standards are used to establish a specialized expert advisory committee.

Dr. Rungrueang Kijphati(นายแพทย์รุ่งเรือง กิจผาติ)

The Secretary-General of the Office of Atoms for Peace.

Professor Dr. Yodchanan Wongswasdi(ศาสตราจารย์ ดร.ยศชนัน วงศ์สวัสดิ์)

The Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation.

Nuclear Liability Act(ร่างพระราชบัญญัติความรับผิดทางแพ่งต่อความเสียหายทางนิวเคลียร์ พ.ศ. ....)ℹ️

A draft law designed to establish civil liability and insurance requirements for nuclear damage to attract SMR investment.

Thailand Power Development Plan(แผนพัฒนากำลังผลิตไฟฟ้าของประเทศไทย)

The national plan that includes SMRs in its energy scenario.

BCG Model

The guideline for pushing advanced innovation to enhance energy security.