British Nuclear Fuels (BNFL) has reached agreement to sell the entire share capital of its Reactor Sites Management Company (RSMC) business to Energy Solutions of the USA.
The sale includes Magnox Electric, a wholly-owned subsidiary of RSMC, which holds the contracts and licences to operate and decommission ten nuclear sites with 22 reactors in the UK on behalf of the Nuclear Decommissioning Authority (NDA). The sites include Dungeness A, Sizewell A, Bradwell, Berkeley, Hinkley Point A, Oldbury, Trawsfynydd, Wylfa, Chapelcross and Hunterston A. No financial details of the deal were made public.
BNFL announced in December 2006 that it would sell RSMC, which currently has 70 employees but, through Magnox Electric, has responsibility for a further 3500 employees across the UK sites.
BNFL Group chief executive Mike Parker said, "We believe that this business and its people will have a strong future as part of an ambitious organisation capable of injecting complementary skills to further increase value for the Nuclear Decommissioning Authority. Crucially a sale to Energy Solutions will also provide a good home and much broader career opportunities for our people and first rate value for our shareholder."
Steve Creamer, Energy Solutions' CEO, said: "This opportunity reaffirms our commitment to being a worldwide provider of nuclear services and technology." He added, "This announcement today means that Energy Solutions will significantly expand its nuclear operations in the United Kingdom."
Energy Solutions, based in Salt Lake City, Utah, specializes in nuclear services, including high-level radioactive waste management and treatment; used nuclear fuel handling & transportation; decontamination and decommissioning of nuclear reactors and highly radioactive facilities; fuel sludge treatment; and major decommissioning of nuclear facilities.
WNA's Nuclear Power in the United Kingdom information paper
WNN: Six shortlisted to manage Sellafield
WNN: BNFL breaks up further
WNN: Magnox management for sale