UK appoints nuclear cost assessor

30 January 2007

Alistair Darling, the UK trade and industry secretary, has announced the appointment of Dr Tim Stone as senior advisor to lead the development of arrangements for the costs associated with potential nuclear new build decommissioning and waste management. The appointment fulfils a commitment set out in the recent Energy Review.

“Tim Stone will put in place the right arrangements for any new nuclear build that might come forward. This will ensure the private sector meets the full decommissioning costs and their share of long-term waste management costs,” said Darling.

Stone, who is chairman of KPMG's Global Infrastructure and Projects Group, is to lead discussions with industry and make proposals to the government. Further details on the work programme and timetable will come in the forthcoming Energy White Paper.

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