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Consortium chosen to renew energy at Sellafield

14 July, 2008

Amec has been named as a partner in the consortium now deemed preferred bidder by the government to clean up Sellafield, as well as run the plant in the future.

Amec has been named as a partner in the consortium now deemed preferred bidder by the government to clean up Sellafield, as well as run the plant in the future.

A tender was put out by the government to find a consortium that could provide services to Sellafield in order to make it a viable source of energy for the long term, and the Amec consortium has so far knocked three others out of the competition.

CH2M Hill Nuclear Services, Fluor (in partnership with Toshiba), and the SBB Nuclear consortium consisting of Serco, Bechtel and Babcock and Wilcox have all fallen by the wayside in the race to achieve preferred bidder status.

The final group, including France's Areva and the US' Washington International, will be responsible first for clearing up the site, and will be contracted for at least five years.

With the possibility of extending the contract for a further 12 years however, the announcement could be worth up to £17 billion to the companies involved.

Speaking about the award, Didier Pfleger, chief operating officer of Amec's Power and Process Division said: "This is a significant recognition of the expertise within Amec's nuclear business.

"We are delighted that the Nuclear Decommissioning Authority has acknowledged the unique combination of skills within the consortium and we now look forward to getting underway and making a significant contribution on this complex and demanding programme."

 

Property market set to remain stale as banks remain vigilant 26 August, 2008

Banks will be asking potential buyers of new and newly renovated properties what incentives they were offered by the housebuilders, in an attempt to understand more and more about their mortgage customers, it has been reported.

Owners finally benefiting from housing slump 22 August, 2008

The housing correction has until now been seen as a disaster for all concerned but, with banks refusing to ease up their lending criteria owners are now finding ways to earn from the lack of buyers.

Mortgage lending 'down 20pc' 22 August, 2008

Total mortgage lending for 2008 will fall by 19.3 per cent year-on-year, it has been predicted by Datamonitor.

Vendors turning noses up at low prices 21 August, 2008

Homeowners in no rush to sell their homes are turning their properties over to the rental market to avoid selling at a low price during the housing correction, it has been found.

Housing drops 'slowing down' 21 August, 2008

Recent research has found that the housing market is beginning to stabilise, it has been reported, as many factors connected to the buying process are now showing less symptoms of decline.

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