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Re Contract

4th Oct 2013 13:14

RNS Number : 7805P
AMEC PLC
04 October 2013
 



AMEC alliance wins contract extension at Sellafield

 

The UK Nuclear Decommissioning Authority (NDA) has today confirmed its intention to extend Nuclear Management Partners' (NMP) role as the Parent Body at Sellafield for a further five years.

This is the first renewal of a contract which has the potential for further extension periods, subject to performance, up to a total life of 17 years. The value of the contract has not been announced.

Clive White, President of AMEC's European Clean Energy business, said: "Sellafield is the one of the world's most complex and challenging nuclear sites. NMP's learning curve over the first five years has been a steep one, with many accomplishments as well as areas for improvement.

"We will use the experience we have gained to ensure this programme continues to be carried out safely and effectively, delivering value for money to our customer and the UK taxpayer. We will be focused on accelerating the clean-up of the high hazard legacy ponds and silos, which are acknowledged as the priority area."

NMP, a consortium comprising three world-class nuclear specialists, AMEC, AREVA and URS, was first awarded the role of parent body organisation (PBO) in late 2008. As PBO, NMP owns the Sellafield Site Licence company, Sellafield Limited, which in turn manages and operates, on behalf of the NDA, the reprocessing and waste storage facilities at Sellafield, the former nuclear power stations Calder Hall and Windscale (all in West Cumbria), and an Engineering Design Centre at Risley in Cheshire.

AMEC's share of NMP revenues relate solely to recharges of costs of AMEC management working on the contract, whilst potential annual earnings will reflect AMEC's share of a dividend which is subject to performance against targets agreed with the NDA.

 

Enquiries to:

AMEC plc: +44 (0) 20 7429 7500

Sue Scholes, Director of Communications

Rupert Green, Interim Head of Investor Relations

 

Media contacts:

Brunswick Group LLP: +44 (0) 20 7404 5959

Mike Harrison and Dania Saidem

 

Notes to editors:

 AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, mining, clean energy, environment and infrastructure markets. With annual revenues of over £4.2 billion, AMEC designs, delivers and maintains strategic and complex assets and employs over 29,000 people in around 40 countries worldwide. See amec.com 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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