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News & Media

Latest ITER Newsline

  • Neighbours | In goes the antenna

    Just a short distance from the ITER site, the Institute for Magnetic Fusion Research (IRFM) is modifying the Tore Supra plasma facility which, once transformed, [...]

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  • Remote handling | Off-site test facility for design evaluation

    Through a technical collaboration established between the ITER Organization and the UK Atomic Energy Authority (UKAEA) in 2017, the UKAEA's centre for Remote Ap [...]

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  • Poloidal field coils | A tailor-made ring

    They work like tailors, carefully taking measurements and cutting immaculate fabric with large pairs of scissors. But they're not making a white three-piece sui [...]

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  • Fusion world | Record results at KSTAR

    Experiments in the Korean tokamakKSTAR in 2017 achieved record-length periods of ELM suppression by the application of three-dimensional magnetic fields with in [...]

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  • JT-60 SA| Cryostat ready for Europe-Japan tokamak

    The cryostat vessel body of the JT-60SA tokamakhas been successfully manufactured and pre-assembled at a factory in Spain, and will soon be transferred to the J [...]

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Of Interest

See archived articles

Money talks

Krista Dulon

''The ITER Organization is spending taxpayers' money and has to maintain a high level of efficiency, economy and integrity for all its expenditures,'' says Hans Spoor, head of ITER Finance & Budget. (Click to view larger version...)
''The ITER Organization is spending taxpayers' money and has to maintain a high level of efficiency, economy and integrity for all its expenditures,'' says Hans Spoor, head of ITER Finance & Budget.
Why was it necessary to invent the ITER Unit of Account, or IUA? What is the difference between the planned value of ITER and its actual cost? Does ITER earn interest on the funds it holds, and —if so—where does this money go?

Hans Spoor, Head of Finance & Budget, addressed these questions and more at this week's Inside ITER seminar. Entitled "Everything you wanted to know but were afraid to ask about ITER finances," the audience was introduced to the specificities of ITER financing by its Members, budget planning and procedures, and principles of ITER accounting.

ITER construction will be managed within an agreed capped ceiling of 4700 kIUA. "Converted to euros at 2010 conversion rates (1 IUA = 1,552.24 euros), that's EUR 7.3 billion," demonstrated Hans. "ITER construction costs are equivalent to less than 20 euro cents/year for the inhabitants of the ITER Member countries."


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