Thursday, 17 September 2009

Westinghouse in talks over 'significant investment' at nuclear site

Energy giant Westinghouse Electric Company has revealed it is in “advanced discussions” with the Nuclear Decommissioning Authority over plans for the Springfields nuclear fuel site near Preston.
Speaking at the annual World Nuclear Association Conference chief executive Aris Candris said Westinghouse was looking at a long-term lease when the current site management contract ends on March 31, 2010, together with the permanent transfer of ownership of Springfields Fuels, the company managing the site.
He said Westinghouse would look at making a “significant investment” in the facility.
Mr Candris said: “We continue to see strong signs of a nuclear renaissance, bringing with it increased demand for fuel supplies.
“If a successful arrangement can be agreed, then the outcome will represent a positive benefit for the NDA, for Westinghouse, for the current and future employees of the site, and for the UK’s nuclear industry as a whole.”
Discussions between Westinghouse and the NDA will continue to finalise the details of the new arrangement.

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