Enable Recite

Subscribe options

Select your newsletters:

Please enter your email address:

@

Your email address will only be used for the purpose of sending you the ITER Organization publication(s) that you have requested. ITER Organization will not transfer your email address or other personal data to any other party or use it for commercial purposes.

If you change your mind, you can easily unsubscribe by clicking the unsubscribe option at the bottom of an email you've received from ITER Organization.

For more information, see our Privacy policy.

News & Media

Latest ITER Newsline

  • Art and ITER | Two sisters, two suns and a monument to fusion

    Amid the gentle slopes of Asciano, Italy, there stands a stone window that frames the Sun on the summer solstice. It looks as though it might have always been t [...]

    Read more

  • Staff | The men and women of ITER

    They hail from Ahmedabad and Prague ... from Naka and Moscow ... from Seoul, Hefei, Atlanta and hundreds of other towns and cities across the 35 nations partici [...]

    Read more

  • ITER Talks | All about ITER and fusion

    Beginning this autumn, the ITER Organization will be launching a new video series to inform, inspire and educate. The first video—introducing the series and off [...]

    Read more

  • Image of the week | A majestic components enters the stage

    The floor of the Assembly Hall is an ever-changing stage. Like characters in a grand production, components of all size and shapes make a spectacular entry, pl [...]

    Read more

  • Magnet system | A set of spares for the long journey

    In about five years, ITER will embark on a long journey through largely uncharted territory. Conditions will be harsh and—despite all the calculations, modellin [...]

    Read more

Of Interest

See archived entries

MAC develops guidelines for additional direct investment

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