NESL wins funding

5 May 2009

UK service supplier Nuclear Engineering Services Limited has received 'significant' investment from two banks: Lloyds TSB Development Capital and the Co-Operative Bank.

The undisclosed investment "underpins our overall growth and development strategy whilst delivering financial backing to realise our full potential within the nuclear market," a company statement said.

The parent company, Nuclear Engineering (Holdings) Limited was formed in December 2003 when industrial water cutting company Power Jet systems, and other investors, bought Rolls-Royce Nuclear Engineering Services.

The company has contracts from long-term nuclear decommissioning projects, according to a press release from law firm Pinsent Masons, who advised Lloyds TSB on the deal.


Related Articles
IAEA forum on fuel
Greenpeace issues legal challenge to Areva over foreign waste
French to debate waste
Lithuania adopts Andra’s radioactive waste disposal concept



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.