Christine Buckley, Industrial Editor
Attend a special evening hosted by Mike Atherton
Nuclear safety would be threatened if private equity buys a key division of BNFL, the Department of Trade and Industry (DTI) has been warned.
Fears have been raised as it is expected that the sale of the specialist engineering division will be pushed through quickly. Amicus has written to the DTI’s head of nuclear consultations and liabilities and to the finance director of BNFL to give warning against any sale to private equity of the project services operation.
Project services, which employs more than 700 people, looks after the equipment monitoring radiation safety and security for the Sellafield reprocessing centre, the old Magnox nuclear reactors. Mike Parker, the BNFL chief executive, has said that he wants “as quick a sale as we can possibly do” for the engineering division. All of BNFL is being broken up and sold by the DTI.
Amicus is concerned because of an expected bid from Barclays Capital for the business.
Dougie Rooney, the union’s national energy officer, said: “We are extremely concerned that the sale, which includes the maintenance of instrumentation which controls radiation, security and safety, may be purchased by a private equity company. We believe that this would be disastrous, undermining the safety of the site and result in BNFL being forced to make excessive payments for services which otherwise would have remained in-house.”
The union has asked the DTI to force BNFL to divulge the names of everyone who has expressed an interest in project services. Amicus believes that some parts of project services’ work would also be neglected by a buyer that did not have a strong track record in nuclear management.
Last month BNFL named the six bidders shortlisted for the Sellafield contract. They include Fluor, the US business.
It is understood that Fluor has pulled out of the bid to run the old Magnox sites to focus on the contract to manage Sellafield.
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
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
£353 per day
Phonepay Plus
London
£12,000 plus expenses
Ministry of Justice
London
£37,000
Department for Culture, Media and Sport
London
Currently £36,285
Department for Culture, Media and Sport
London
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Accommodation, flights, tickets to the race and a KL city tour for only £999pp
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
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
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.