Nuclear clean up body says income jumped

LONDON (Reuters) - Britain’s Nuclear Decommissioning Authority (NDA) saw its income rise by more than a third in the financial year 2008/09 on higher sales from two of Britain’s oldest nuclear power stations, the public body said on Monday.

The NDA made 2.0 billion pounds in the year to the end of March, up by 517 million pounds on the previous year, allowing the government grant part of the NDA’s funding to fall from 1.6 billion for 2007-08 to 898 million pounds.

“The reason we have been able to ask the government for less money last year was the big rise in commercial income through our two remaining power stations, Oldbury and Wylfa, doing better than expected,” said a spokesman for the body responsible for decommissioning and cleaning up Britain’s civil public sector nuclear sites.

“Especially Oldbury, we got it back on track a lot quicker than we thought and because electricity prices have been reasonably high we got more money than we thought. Plus our reprocessing contracts have gone well.”

Oldbury nuclear power plant was given permission to continue producing power beyond its scheduled closure at the end of last year.

The NDA told parliament on Monday it also achieved 183 million in efficiency savings last year, which will be ploughed back into the clean-up mission.

It also generated 387 million pounds to help retire old reactors from the sale of three plots of land to build nuclear power plants in England and Wales to three of Europe’s biggest utilities in April.

That money will be accrued in the NDA’s results for the financial year 2009-2010.

Reporting by Daniel Fineren