Amec wins slice of deal to clean up Sellafield

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

In a shock decision, Amec consortium Nuclear Management Partners, which includes French and American industry specialists Areva and URS Washington, was today named as the preferred bidder for the contract. Amec shares surged 171/2p to 8781/2p on the news.

Shares in rival bidder Serco crashed to an 18-month low of 384p, off 30p. Serco was the only other British company in the running for Sellafield, working in a consortium with US engineering giant Bechtel. Many had predicted the team would land the spoils because of both companies' strong track records in landing work under New Labour.

The Sellafield contract is valued at £1.3 billion a year, and Amec is set to bag its share of the £50 million-a-year profits the consortium will earn. The Amec consortium has the contract for five years but there is an extension of up to 12 years, which will be looked at in 2012.

"This will be a complex and demanding programme," said Amec's nuclear chief Didier Pfleger.

The other losing bidders are US nuclear specialist CH2M Hill and a consortium of Toshiba of Japan and Fluor of the US.