The impact of digitalization on international project implementation

Abstract

In the era of digitalization, the need for electricity is growing every year. Nuclear power, due to its peculiarities, is at the forefront, but for the effective implementation of NPP projects, it is necessary to improve many business processes and implementation stages, and optimize the internal operation of the plant. Many NPP projects are implemented by the Russian side abroad, which also requires clear regulated actions to reduce costs when the cost of developing and implementing projects in the nuclear power industry is high. Expensive maintenance of nuclear power plants delays their payback, which makes it difficult to find investors. The purpose of this work is to show the need for digitalization in the nuclear power industry, as well as its impact on the main performance indicators of the project. The research was conducted using traditional project performance indicators, taking into account the specifics of their definition in the application of project financing mechanisms. The impact of the "Akkuyu" NPP project on Turkey's energy sector and its place in the country's energy balance were considered. As a result, project performance indicators were calculated before and after digitalization activities. Since digitalization helps to optimize capital and operating costs, as well as reduce the project implementation time, which is also a positive point, it was found that the net discounted income of the project will increase by almost 2 times. At the same time, there is a reduction in the payback period of the project by almost a third. A practical example based on the "Akkuyu" NPP project in the Republic of Turkey, implemented by the Russian Federation in the Republic of Turkey on the basis of an intergovernmental agreement, is considered.