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Urenco response to UK Nuclear Energy (Financing) – Bill
26 October 2021 GlobalWe welcome the introduction of the Nuclear Energy (Financing) Bill today in the UK Parliament, which, if passed, will introduce a regulated asset base (RAB) model for the financing of new nuclear power plants.
The RAB model is central to reducing the cost of building the new nuclear capacity the UK urgently requires if it is to transition to net zero and reduce the reliance on fossil fuels, while maintaining a secure, reliable system of power generation.
The RAB approach is already well established with investors in large infrastructure projects, and should reduce the cost to consumers as the UK replaces the current ageing fleet of reactors.
Read more in the UK Department, for Business, Energy and Industrial Strategy press release
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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