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Sellafield

Volume 486: debated on Monday 12 January 2009

To ask the Secretary of State for Energy and Climate Change what the monetary value is of the contract signed between the Nuclear Decommissioning Authority and the Nuclear Management Partners for the management of Sellafield; for what period the contract will last; what options for its extension are contained in the contract; and what provision there is in the contract for the foreign corporate partners to repatriate any profits to the US and France respectively. (244227)

Under the terms of the Parent Body Agreement signed with the NDA, Nuclear Management Partners (NMP) and Sellafield Ltd., NMP was appointed as the Parent Body Organisation and owner of the shareholding in Sellafield Ltd. on 24 November 2008. The Parent Body Agreement, which has no direct monetary value, is for an initial term of five years. The agreement contains extension options for two further five-year terms and one two-year term, totalling a potential 17 years, which the NDA is entitled to exercise in any order. During this contract period, NMP are entitled to receive dividends based on the fee earned by the Site Licence Company (SLC), Sellafield Ltd. This fee is dependent on the quality and effectiveness of the SLC's performance. The fee is currently anticipated to be worth around £50 million a year. There are no provisions in any of the contracts in relation to the entitlement of foreign corporate partners to repatriate any profits to the US and France respectively.