Subject The article addresses economic viability, opportunities and prospects for small nuclear power plant (SNPP) development in various aspects of activity through the energy component for strengthening the management system in the Far North and remote areas and for improving the country's economic potential, countering the multiple and diverse threats, challenges and risks. Objectives We aim to explore different assessments of SNPP development prospects throughout the life cycle of nuclear power plants to identify key factors that can affect the economic viability of SNPP construction. Methods The study rests on the theory of management, marketing, business economics, and methodology for systems analysis. We also apply methods of analysis and synthesis, grouping and comparison, abstraction, generalization, analogy, comparative economic and investment analysis. Results We analyzed cost components at different stages of life cycle, highlighted factors affecting the cost of generated electric power, considered managerial approaches to attracting investments for SNPP development projects. The paper describes how these factors affect the duration of life cycle stages and the final value of electricity. Conclusions The cost of SNPP is affected by factors enabling to optimize costs. The findings may help increase the interest of private investors in SNPP construction.
Keywords: energy efficiency, energy security, small nuclear power plant, unit output, low-power nuclear plants
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