Contracts for Smaller Reactors
Posted: 20th November 2024
Great British Nuclear to put £1.8bn worth of mini-nuke contracts up for grabs. Successful bidders will work with winners of delayed SMR design competition. Nearly £2bn worth of construction contracts for Britain’s first mini-nuclear power plants will be up for grabs next year as officials prepare sites for the pioneering energy projects. Great British Nuclear (GBN), the government body tasked with spearheading the development of small modular reactors (SMRs), expects to put the work out for tender between February and July 2025, according to official documents. The biggest jobs available will be at least two £800m “delivery partner” contracts to manage the construction of the SMRs over a period of 10 years. Smaller contracts for an “owner’s engineer”, “foundation project management” and “foundation engineering” will also be open to bidding. They will work with technology companies designing the reactors which will be selected in GBN’s ongoing SMR design competition, which has been delayed multiple times.
Telegraph 18th Nov 2024
Construction companies will be chosen for £1.8 billion of Great British Nuclear contracts to help prepare sites for the first small modular reactor (SMR) nuclear power plants next year. The contracts will be dished out by the arms-length body between February and July, according to a Telegraph report. Great British Nuclear was launched last year to support the rollout of SMRs in the UK, which are being developed by the likes of Rolls-Royce Holdings PLC and General Electric. However, the final SMR projects operators have not yet been selected, and next year’s contracts will be for ‘delivery partners’ to manage the construction of the SMRs over a period of 10 years, worth an estimated £800 million. Smaller contracts are also up for tender, including owner’s engineer, foundation project management and foundation engineering. Companies in the construction sector that could be up for these contracts include Laing O’Rourke and Bouygues, which are involved in the construction of Hinkley Point C nuclear power station; Balfour Beatty plc (LSE:BBY) and Morgan Sindall Group PLC (LSE:MGNS), which are involved in various nuclear projects, including decommissioning and waste management; and Costain Group PLC (LSE:COST): Provides engineering, construction, and maintenance services to the nuclear industry; and Jacob, which offers engineering, architecture, and construction management services to the nuclear sector; Keller Group PLC (LSE:KLR), a ground engineer, and Kier Group PLC (LSE:KIE), which has been working with X-energy and Cavendish Nuclear on exploring SMR opportunities, could also be in with a shout.
Proactive Investors 18th Nov 2024