Consultant Hyder this week signalled its intention to move into the nuclear market.
In the same week that former Atkins board director Ivor Catto, who sits on the ICE energy panel and has expertise in nuclear, starts as chief executive, Hyder announced a long-term strategic partnership with nuclear decommissioning specialist Bradtec.
“The UK is at a crossroads in its energy needs – our existing nuclear power plants are reaching the end of their life and there is a pressing need to find new, secure and environmentally friendly power generation solutions to meet our energy needs today and into the future,” said Hyder UK regional manager Rod Stewart.
The agreement with Bradtec extends an existing partnership which will be working on a wastereduction framework for Magnox South, the operator of five nuclear sites being decommissioned, and a four-year commission from the Nuclear Decommissioning Authority on its Direct Research Portfolio for waste processing.
Bradtec is known for being able to speed up the decommissioning process safely. Hyder also announced strong half year results last week with revenue up 39% to £151.6M, of which 65% was from overseas and an operating profit up 33% to £8.9M before exceptional items.
Stewart puts the healthy results down to a strong international presence, and especially the Middle East, where Hyder has designed structures including the world’s tallest building – the Burj Dubai.