Paul Warren 

DCS Affiliate

Paul is an expert consultant and trainer in the areas of energy and infrastructure economics and finance, contracting and risk allocation. From 2011 to 2019 he was an energy and environmental economist with the International Atomic Energy Agency (IAEA) in Vienna, where he developed and led expert missions to over 40 IAEA Member States on topics including Engineering Procurement and Construction (EPC) contracting, nuclear project procurement process design and bid evaluation, financial modelling, and the financing and funding of 'back end' liabilities such as those associated with decommissioning and Spent Nuclear Fuel (SNF) management costs. During this period he also coordinated delivery of support from the IAEA within the framework of the Agency's 'Milestones' approach to nuclear energy program development. ​

Paul Warren Detailed CV (PDF)

From 2005 to 2010 Paul represented the Ministry of Finance in Ontario, Canada, on the team which led negotiations with three nuclear technology vendors to deliver up to 3,200MW of additional nuclear capacity to Ontario, chairing the Commercial Team which conducted bid evaluations. He briefed senior Ministry of Finance officials and the Minister on status of negotiations throughout the procurement process. He was also responsible for overseeing the implementation of the $10B Ontario Nuclear Funds Agreement framework for funding 'back end' liabilities from Ontario's five existing nuclear generating stations. In 2005 he participated in the development of the Bruce Power Refurbishment Implementation Agreement (BPRIA) between the Province of Ontario and Bruce Power, which provided the cost-recovery mechanism (essentially a Power Purchase Agreement) to enable Bruce Power to undertake the restart of Bruce Nuclear Generating Station’s Units 1 and 2.

Prior to a spell as Senior Research Economist with the Government of Canada (Statistics Canada) Paul was a Senior Policy Advisor on Energy and Resources in the Office of the Premier of British Columbia, Canada from 1997 through 2001, dealing inter alia with the design of reforms to the governance of the oil and gas sector in northern BC and with regulatory oversight of the provincially owned electricity utility BC Hydro.

Before moving to Canada from the UK in 1997 Paul taught economics as an Assistant Professor at the University of Manchester, and was a Senior Research Fellow in the Department of Economics at the University of Strathclyde. During this period he published papers applying optimisation, statistical and other quantitative techniques in a number of academic economics journals.

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