nuclear-news

Global nuclear player Westinghouse Electric Company, a subsidiary of Toshiba Corporation (TYO:6502, LSE:TOS) is being courted by governments wishing to decommission their reactors. Westinghouse has been in the nuclear game for close to 80 years.

The Sellafield site in the UK has become a virtual corporation unto itself, and has contracted with huge providers to accomplish the 100-year task of shutting down the facility. Consultants AMEC plc (LSE:AMEC) operate in the UK and throughout Europe and North America. They contract with a variety of large energy businesses and are on the Sellafield decommissioning in a project management capacity.

Multibillion dollar URS Corporation (NYSE:URS) is one of the top hazardous waste disposal handlers in the world – that’s just part of their business. URS, too, has large operations at the Sellafield site. Both AMEC and URS are close to the end of five-year contracts inked in 2008, but they enjoy 17-year extension options – just a glimpse of the longevity of nuclear decommissioning contracts.

Areva SA (EPA:AREVA) rounds out the large trio of companies working at Sellafield. Areva is a veritable one-stop nuclear shop and is just as happy to build a nuclear reactor as it is to decommission one. Areva’s nuclear technology group, Areva NP, took over Siemens’ nuclear business and absorbed a great deal of technology and know-how along the way.

All of these companies and more will be working on the decommissioning problem for decades to come. The opportunities for profit, and for a safer world, are there for the taking. For ourselves and any who come after us…..http://www.marketoracle.co.uk/Article41058.html