20th Jan 2015 10:06
LONDON (Alliance News) - Babcock International Group PLC Tuesday said its Cavendish Nuclear subsidiary has renewed its long-term agreements to support the operation of EDF Energy's nuclear power stations in the UK, currently worth about GBP40 million a year to Babcock.
In a statement, the support services company said the new deals, which will run until the last of EDF Energy's advanced gas-cooled reactor power stations stop generating electricity in about 16 years time, cover the continuation of fuel route and other services to EDF Energy's portfolio which also includes pressurised water reactor stations.
Babcock shares were down 0.7% at 1,026.33 pence Tuesday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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