Claim your free 2010 double sided wall chart
British project management firm Amec and American construction group CH2M Hill have teamed up with the UK Atomic Energy Authority to look for contract opportunities in the £2 billion a year market for cleaning up and decommissioning nuclear sites.
The Energy Authority, a public sector body, is already charged with cleaning up four former nuclear research sites - at Dounreay, Windscale, Harwell and Winfrith.
But with the Government- through the Nuclear Decommissioning Authority - opening up the clean-up market for competition, today's alliance between the three gives the AEA a greater chance of securing lucrative new contracts.
The three claimed today that the total market for contracts to clean up or wind down nuclear sites - including the 20 that exist in the UK - is worth £56 billion and said it was aiming to win a "sizeable slice" of the market in the UK.
They will initially target "select opportunities" in Britain.
Sir Peter Mason, the chief executive of Amec, said: "This alliance shows that the NDA's mission of bringing private sector expertise and competition into the UK civil nuclear market is working. This team has the right blend of nuclear and commercial skills to win a sizeable slice of the £2 billion a year market."
Dipesh Shah, the chief executive of the AEA, said: "UKAEA has led the way in decommissioning in this country, including the complete dismantling of 15 of our 26 research reactors, and accelerated programmes for our sites resulting in very substantial savings on lifetime costs."
But today's move to cash in on a competitive market for dealing with Britain's antiquated nuclear facilities comes as soaring energy costs prompt union bosses to call for increased use of nuclear power.
The unions, led by Amicus, believe the UK is facing mounting fuel costs that could ultimately lead to blackouts, job losses and rising household bills.
Derek Simpson, the leader of Amicus, told The Times today that his union will meet tomorrow to educate the public about the growing energy crisis.
He told the paper: "The debate on the energy crisis is in limbo and we need urgent action or Britain will face the prospect of blackouts and soaring utility bills over the next five years."
To read the full story click here
Shares in Amec, which has experience of tackling nuclear sites in both the United States and Canada, closed on Friday at 351.75p, valuing the group at nearly £1.17 billion.
For detailed data on Amec shares click here
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
1998
£47,955
2004
£56,950
Essex
Check your free Experian credit report before applying
Car Insurance
c. £70,000
The Duke of Edinburgh’s Award
Windsor
£123,460 pa
The Law Commission
London
Southwark County Council
£100,000
Home Office
Liverpool
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Includes flights, accommodation with room upgrades, transfers city tours in Hong Kong and Bangkok.
PremierHolidays.co.uk
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
Choose from the beautiful landscape and tranquil beaches of Oahu, Kauai, Maui & Big Island.
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.