Download 'Too Hot', an exclusive Specials track from iTunes
The government has indicated that it will approve nuclear new build when it releases the outcome of its long-awaited energy review, expected this Tuesday.
The contracts could be worth up to £20 billion, depending on how many power stations are built. Sources say between six and ten new atomic power plants could be built, at a cost of £2 billion each.
Working together in a consortium is one option considered by the energy-generation firms. But sources say they see two main consortiums forming, one French-backed and one around German firms. Germany’s RWE is also understood to be interested in taking part. The firms are awaiting the energy review before they decide how, or whether, to invest in the new power plants.
Mark Spelman, energy expert at Accenture, the consulting group, said: “What matters is the level of detail in the energy review. We need specifics such as nuclear’s anticipated share in the energy mix.”
The review was launched to deal with an expected shortage of power as old stations go out of service. It is also intended to help the UK meet its carbon- emissions targets, and is expected to focus on renewable energy as well as nuclear.
Separately, the independence of Nirex, the body responsible for setting standards in handling radioactive waste, is under threat, raising fears over how Britain’s nuclear legacy will be tackled.
David Miliband, secretary of state for the environment, is understood to have recommended last month that Nirex’s responsibilities be transferred to the Nuclear Decommissioning Authority, which is in charge of awarding contracts on nuclear decommissioning.
One minister said: “This is a disastrous mistake politically. The decision has been made in secret.” More than 50 MPs from all parties have signed a motion calling for Nirex’s role to be protected. The final decision rests with Downing Street.
Win a luxury weekend to Newcastle and its neighbour Gateshead, find out more here
Risk, resilience and embracing new technology
Industry sectors news at a glance. Interactive heatmap, video and podcast
Discover the power of collective thinking. Submit a solution and be in with a chance to win a Media Hub Home Entertainment System
The inside track on current trends in the charity, not for profit and social enterprise sectors
Everything the Business Traveller needs to know to make a better trip
Make the most of the summer and enter our fabulous photographic competition, you could win a £5000 holiday
Corsica is an island of beauty and contrast, an ideal holiday destination
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
The clever way to lease a new car is with Car leasing made simple™
2009
per month on 36-month
Personal Contract Hire (PCH)
2008
42850
Car Insurance
£24,250 - £30,346
MI5
London
£60,000
The Environment Agency
Bristol
Up to £90K
Boots
Midlands
OTE £85k
Credit Protection Association
Nationwide Opportunities
Completely London
Luxury Condo's in Manhattan with NYC views
The best new homes in Wimbledon?
Nationwide
Fabulous Cruise And Cruise & Stay Offers Including Virgin Atlantic Flights Prices Start From Only £699pp!
Last Minute Cruise And Cruise & Stay Offers. Med From £499pp, Caribbean From £699pp!
5 star quality at a 3 star price.
8 fabulous Canadian cities ...you won’t find cheaper
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 | Property Finder | 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.