Skip to main content

Westinghouse Engineering

Volume 456: debated on Tuesday 6 February 2007

To ask the Secretary of State for Trade and Industry pursuant to the answer of 23 January 2007, Official Report, column 1618, on Westinghouse Engineering, what account was taken of the implications of access to reactor design technology in the decision to sell Westinghouse Engineering; and what advice N M Rothschilds gave on this matter. (112245)

The sale of Westinghouse was in line with the finding of the joint BNFL/HMG strategy review. We considered the matter carefully before agreeing to a sale. We did not believe that ownership of Westinghouse would be likely to have any bearing on the UK's ability to satisfy any future nuclear energy needs. In the event of a new build programme we would want the private sector, most likely the existing generators, to take the lead in funding and purchasing any new generation of reactors untainted by whether the technology was Government owned.

N M Rothchilds did not provide any specific advice on whether technology ownership was in any way important to UK new build. Advice given by N M Rothchilds was provided on a confidential basis.