Subscribe options

Select your newsletters:


Please enter your email address:

@

News & Media

Latest ITER Newsline

  • 23rd ITER Council | Pace and performance on track

    Working as an integrated team, the ITER Organization and seven Domestic Agencies are continuing to meet the project's demanding schedule to First Plasma in 2025 [...]

    Read more

  • Fusion Doctors | ITER hosts the future

    For three days last week, the ITER building was brimming with energy, inspiration and enthusiasm. One hundred and thirty-five young fusion aficionados took over [...]

    Read more

  • Fusion world | What's next for the stellarator?

    Earlier this year, the Wendelstein 7-X stellarator fusion project reported record achievements from its most recent experimental campaign. Newsline spoke with t [...]

    Read more

  • Metrology and the ITER machine | Perfectly planned points

    Inside of the Tokamak Complex, a network of 2,000 small 'fiducial target nests' will provide the reference datum for the dimensional control and alignment of ma [...]

    Read more

  • Breaking news | First component installed next week

    In the third week of November, the ITER Organization will be installing the first component of the machine in the basement of the Tokamak Building. The 10-met [...]

    Read more

Of Interest

See archived entries

MAC develops guidelines for additional direct investment

Sabina Griffith

Additional direct investments were the focus of the 10th meeting of the ITER Management Advisory Committee (MAC). (Click to view larger version...)
Additional direct investments were the focus of the 10th meeting of the ITER Management Advisory Committee (MAC).
At its 10th meeting held on 26-27 January 2011, the ITER Management Advisory Committee (MAC) looked at a detailed analysis of additional direct investments that had been performed by the ITER Organization and the seven Domestic Agencies in response to the request from the ITER Council at its seventh meeting in November (IC-7).
 
These additional investments are the items deemed essential for the operation of the ITER machine, but that are not presently part of the ITER Baseline.

The Baseline that describes the scope, schedule and cost for the construction phase of the ITER Project was approved by the extraordinary ITER Council in July last year.

The total value of the project's construction costs was capped at 4,700 kIUA*, including a contingency of 115.3 kIUA. It was agreed that any additional necessary resources were to be made available within this capped value.
 
Take a break, have a chat: ITER Director-General Osamu Motojima and members of the MAC taking the discussion off-line. (Click to view larger version...)
Take a break, have a chat: ITER Director-General Osamu Motojima and members of the MAC taking the discussion off-line.
During its meeting, the MAC developed guidelines that will be used to evaluate the allocation of responsibilities and credit values associated with additional direct investment based on the capped ceiling. Following these guidelines, future risks will now be accounted for.

MAC encouraged the ITER Organization to continue pursuing reduction in the overall cost of the ITER Project and efforts to accelerate its schedule.

* ITER Units of Account (IUAs) are the ITER "currency," a very unique feature of the ITER Project based on the principle of procurement sharing. Instead of contributing cash to the project, the Members will provide "in-kind" contributions; all of the components of the ITER facility will be built by the seven ITER Members and delivered to the ITER site in France. The IUA was devised in order to measure the value of in-kind contributions consistently over time, and neutralize market fluctuations.


return to the latest published articles