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This publication describes the various approaches to the techno–economic assessment of a project for the long term operation of a nuclear power plant in its specific market environment. It examines the process of defining the technical scope required to prolong the operating licences of nuclear power plants and highlights the need for further studies on technical cost drivers and economic assessments in order to better define the cost boundaries of long term operation. Information is also provided on the new IAEA software LTOFIN, which was developed to assist in performing long term operation economic assessments within the process described in the publication.

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"The International Atomic Energy Agency (IAEA) is the world's center of cooperation in the nuclear field. It was set up as the world's ""Atom's for Peace"" organization in 1957 within the United Nations family. The Agency works with its Member States and multiple partners worldwide to promote safe, secure and peaceful nuclear technologies."

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