UK Nuclear clean-up company for auction
Published July 15th, 2007
The auction of the nuclear decommissioning division of UKAEA, which will raise up to £400m for Treasury coffers, will be hotly contested. US engineering giants such as CH2M Hill, Bechtel and Fluor, as well as UK services company Amec, are all likely to be interested as they seek a slice of the £70bn nuclear clean-up market.
UKAEA, which employs 2,300 people, receives some £300m a year from government body the Nuclear Decommissioning Authority (NDA) to clean up civil nuclear research sites such as Dounreay in Scotland. It also leads UK research into nuclear fusion and is involved in the international venture to build a €4bn (£2.7bn) test facility in France. This smaller division will remain in government hands.
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