U.K.?s Magnox and Research Reactor Companies to Merge, Address Scope Changes

Parent body organization Cavendish Fluor announced plans to merge U.K. site license companies Magnox Ltd and Research Sites Restoration Ltd this spring to manage the sites under one leadership team, and will address additional scope. The Cavendish Fluor team took over management of the U.K.’s 10 Magnox reactor sites and two research reactor sites after winning the contract in spring 2014 from the U.K.’s Nuclear Decommissioning Authority.

Additionally, over the next 12 months the team will continue to work through differences in scope that were discovered after the team submitted its bid. “As part of the contract won by CFP, a period of consolidation and reconciliation was built into the process for the winning bidder to consider the financial bid they made in 2013 and to test that against the situation they actually inherited in September 2014,” NDA Chief Financial Officer David Batters said in a statement. “The new plan emerging from that process is not due to be presented to the NDA until later this year, but we remain confident that the final plan agreed with CFP at that time will see substantial savings and represent excellent value for money to the taxpayer.”