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News & Media

Latest ITER Newsline

  • A world in itself

    From a height of some 50 metres, you have the entire ITER worksite at your feet. The long rectangle of the Diagnostics Building stands out in the centre, with [...]

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  • US completes toroidal field deliveries for ITER

    The US Domestic Agency achieved a major milestone in February by completing the delivery of all US-supplied toroidal field conductor to the European toroidal fi [...]

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  • Thin diagnostic coils to be fitted into giant magnets

    Last week was marked by the first delivery of diagnostic components—Continuous External Rogowski (CER) coils—from the European Domestic Agency to the ITER Organ [...]

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  • Addressing the challenge of plasma disruptions

    Plasma disruptions are fast events in tokamak plasmas that lead to the complete loss of the thermal and magnetic energy stored in the plasma. The plasma control [...]

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  • Blending (almost) seamlessly into the landscape

    Located in the foothills of the French Pre-Alps, the ITER installation blends almost seamlessly into the landscape. The architects' choice ofmirror-like steel c [...]

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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.'' - 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.'' - 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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