We are delighted that the Nuclear Decommissioning Authority (NDA) has today announced that the Cavendish Fluor Partnership has been selected as the preferred bidder in the competition to take ownership of Magnox Ltd and Research Sites Restoration Limited, the Site Licence Companies for 12 UK nuclear sites.
Following a mandatory 10 day standstill period, a five month transition phase will begin during which the contract between the NDA and Cavendish Fluor Partnership will be finalised. The formal award of the contract for the new Parent Body Organisation and Site Licence Company Agreements is planned for 1 September 2014. It is anticipated that this contract will provide savings in excess of £1 billion in the decommissioning programme for the 12 nuclear sites.
Cavendish Fluor Partnership is a joint venture between Cavendish Nuclear (a wholly-owned subsidiary of Babcock International Group PLC) and Fluor Corporation.
Peter Rogers, Chief Executive of Babcock, commented:
“The announcement that Cavendish Fluor Partnership has been chosen as preferred bidder for one of the UK’s biggest and most significant nuclear site management and decommissioning contracts reflects not only the market leadership of Cavendish Nuclear in nuclear engineering services but also its ability to successfully deliver complex projects of national significance in very demanding environments.”
The NDA’s full announcement is available from www.nda.gov.uk
Babcock International Group PLC
Bill Tame, Group Finance Director Tel: 020 7355 5300
Terri Wright, Head of Investor Relations
Nick Hasell Tel: 020 3727 1340
Notes to editors
Babcock is the UK's leading engineering support services company with revenue of over £3.2 billion in 2013 and an order book of around £11.5 billion. We are trusted to deliver complex and critical support to infrastructure, equipment and training programmes. Babcock operates in many sectors, including transport, energy, defence, telecommunications and education.
We take great pride in the considerable depth and breadth of our people's expertise. Our 26,000 skilled staff design, build, manage, operate and maintain assets that are vital to the delivery of many key public services, both in the UK and overseas. Our market-leading reputation is based on one key fact: Babcock is a partner that can be trusted to deliver. (www.babcockinternational.com)
Cavendish Nuclear is one of the UK's largest specialist nuclear support services organisation. Cavendish Nuclear brings together the rich heritage of the UK’s capabilities in nuclear energy to offer unrivalled experience and expertise across the life cycle of nuclear power plant. This expertise, combined with our experience as a nuclear site licensee and operator, enables Cavendish Nuclear to provide safe, effective solutions for the entire nuclear lifecycle, from design and build, through operation and maintenance, to decommissioning, waste management and remediation.
Cavendish Nuclear is a wholly-owned subsidiary of Babcock International Group PLC. (www.cavendishnuclear.com)
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 41,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com and follow us on Twitter at @FluorCorp