BNFL CONTRACT TO SAVE BRITISH ENERGY £300M

British Energy expects to save about £300m on its spent-fuel liabilities after signing a £1.5bn contract with British Nuclear Fuels last week. BNFL will reprocess and store the 1,900-2,000 tonnes of spent fuel that will arise from Nuclear Electric’s five advanced gas-cooled reactor stations from 2005 until the end of their design lives. The contract […]

British Energy expects to save about £300m on its spent-fuel liabilities after signing a £1.5bn contract with British Nuclear Fuels last week.

BNFL will reprocess and store the 1,900-2,000 tonnes of spent fuel that will arise from Nuclear Electric’s five advanced gas-cooled reactor stations from 2005 until the end of their design lives.

The contract amends the terms of contracts BNFL has to reprocess Nuclear Electric’s earlier AGR byproducts and all those from Scottish Nuclear’s two AGRs. The two factors will allow British Energy to cut provisions for spent fuel arisings by £10m a year up to 2004 and more thereafter.

The contract provides for further reprocessing of AGR fuel if any of the plants are granted life extensions.