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Government nuclear deal will be struck 'in next few weeks'

nuclear plant for web

A final nuclear sector deal will be revealed in ‘‘the next few weeks”, the leader of the Nuclear Industry Association (NIA) has announced.

NIA chairman John Hutton confirmed that the final deal, which will outline industry-led proposals to guide the future of the UK nuclear business, will be published shortly.

The deal will include proposals to reduce the cost of new build nuclear power stations by 30% by 2030, and maximise opportunities for the supply chain, Hutton said in his key note speech at the Decom2018 conference in central London on Monday. 

“The deal, when it is published, will be jointly owned by industry and the government together to increase the confidence that it will be carried through successfully,” he said. 

A draft sector deal was released in December last year, following the publication of the government’s industrial strategy white paper, with the aim of lowering costs and boosting innovation in the industry. 

Hutton added: “With a focused effort I think we will be able to demonstrate the strategic importance and economic value of our industry to the country as a whole, and that I think is definitely worth fighting for”

Last December, the government also announced a £56M investment in research and development (R&D) for Advanced Modular Reactor (AMR) technology.

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