The Arctic as a resource base
What’s wrong with Russia’s official documents on the Arctic.
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Publish date: September 12, 2006
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BNG’s parent company, BNFL, will now have less influence over how its decommissioning businesses are sold, the newspaper said in an unsourced report.
The Government is understood to have told state-owned BNFL – the holding company that controls BNG – and the Nuclear Decommissioning Authority (NDA) to formally approve a new sale process for BNG. BNFL and the NDA, which owns the UK’s nuclear sites, had been supposed to run the process by themselves, the newspaper said.
Fluor made the unsolicited offer for BNG last month and was even in talks with UK services company Amec last week about making a joint bid.
But the Independent reported that officials from the Treasury and the Department of Trade and Industry (DTI) have decided that BNFL would not be allowed to sell the entire subsidiary to Fluor. Fluor made its offer to buy the entirety of BNFL despite a decision by BNFL last month that it would sell BNG piecemeal, the paper reported.
But Fluor has said that its offer recognized, received last month, that BNG as a whole is worth far more than its individual parts, Reuters reported.
BNG operates the huge Sellafield site in Cumbria and does decommissioning work there. It also owns the UK’s ageing Magnox nuclear-reactor sites and has a project services business that carries out other decommissioning work.
The NDA will now issue contracts for the Magnox and Sellafield sites in a bid competition. Once the new sale process has been formally approved by ministers and the NDA and BNFL, the decommissioning authority will hold an industry day for companies interested in bidding, according to the paper.
According to the Independent, the NDA is in charge of putting the estimated £70bn worth of future clean-up contracts out to tender in competitive auctions.
What’s wrong with Russia’s official documents on the Arctic.
As uranium supplies from Russia fall under the shadow of potential sanctions, and while Ukraine’s allies look to wean themselves off nuclear fuel produced by Moscow’s Rosatom corporation, owners of left-for-dead mines in the US are looking to revive their deposits.
The European Union doubled its purchases of Russian nuclear fuel in 2023, data from Eurostat and the UN’s international trade service Comtrade show.
The output of Russian nuclear power plants in 2023 decreased by 2.8% compared to 2022. A decrease in output occurred for the first time in 10 years a...