Paul Murphy is the Managing Director, Murphy Energy & Infrastructure Consulting, LLC. As a graduate of Harvard Law School and Princeton University, Paul’s practice focuses on multiple aspects of the nuclear industry – from commercial and policy matters, including international regulatory and treaty frameworks and issues regarding nuclear liability, to strategies for developing and financing nuclear power programs and the identification and mitigation of associated risks – representing developers/owners, lenders, investors, technology providers, and contractors on nuclear projects internationally. Mr. Murphy is recognized as an expert in the development and financing of nuclear power programs by the International Atomic Energy Agency (IAEA), the OECD’s Nuclear Energy Agency (NEA), the International Framework for Nuclear Energy Cooperation (IFNEC), and the U.S. Government.
Paul has served as a designated expert, chairman, and author at several special meetings and for multiple working groups of the IAEA, primarily involving the development, financing, and structuring of nuclear power projects. He continues to work with the IAEA in a number of key areas, including a revision of the IAEA’s Handbook on Nuclear Law and as lead author for a the IAEA report, entitled, “Alternative Contracting and Ownership Practices for Nuclear Power Plants.”
Paul is a five-time appointee to the U.S. Secretary of Commerce’s Civilian Nuclear Trade Advisory Committee (CINTAC), and he previously chaired its Finance subcommittee. CINTAC is a nuclear advisory board for matters relating to the export and competitiveness of U.S. nuclear technology and services. Paul has also worked with the US Departments of Commerce, State, and Energy on matters relating to the development of nuclear power programs and the financing of nuclear power projects, as well as matters concerning nuclear cooperation agreements.
Some of Paul’s work includes acting as counsel to the following clients: Advised multiple export credit agencies and potential commercial banks in a multi-unit financing for a nuclear power project (Barakah Nuclear Power Project / UAE). Advised K.A.CARE in the structuring of its nuclear holding company, which will be responsible for the development of a multi-unit, multi-site nuclear power program; advisory work included entity structuring, nuclear liability, procurement, program economics, financing, local industrial development, and foreign investment into the program. Additional work has included the review of the Kingdom’s draft laws for nuclear liability and the establishment of the national nuclear regulatory authority (Saudi Arabian nuclear power program). Advising a multi-party, multi-national project company for the development, construction, financing, and operation of a four-unit nuclear power project. The scope of the representation includes advisory work in the following areas: entity structuring and corporate form, nuclear liability, project documentation, program economics, financing, tax structuring, assistance with feasibility study, competition clearances, regulatory advice, and government negotiations (Sinop Nuclear Power Project / Turkey). Advised Rosatom on project documentation for the four unit El-Dabaa Nuclear Power Project in Egypt.