Subscribe options

Select your newsletters:


Please enter your email address:

@

News & Media

Latest ITER Newsline

  • Computer-Aided Design | A new platform with Australia

    In September 2016, the signature of a Cooperation Agreement between the Australian Nuclear Science and Technology Organisation (ANSTO) and the ITER Organization [...]

    Read more

  • Ten years later | A prodigious adventure

    ITER began its existence as an aspiration in the early 1980s, as actors in the fusion community called for the joint machine that would demonstrate the feasibil [...]

    Read more

  • Image of the week | An impromptu visit

    Afteraddressing the UN Climate Change Conference on 15 November, French President Emmanuel Macron toured thecolourful COP23 exhibition zone. It was towards the [...]

    Read more

  • Cryoplant | How to install a compressor

    In order to properly install a helium compressor skid on its concrete pad, you need to start with a large push broom to sweep away the dust that inevitably accu [...]

    Read more

  • Magnetic system | Nine rings to fight the force

    Work on the pre-compression ringsof the ITER magnet system progresses in Europe, where work on a full-scale prototype is underway. These technically challenging [...]

    Read more

Of Interest

See archived articles

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