The decommissioning of Bradwell Power Station has been taken over by a specially-created company in an effort to help its owner, BNFL, recoup losses of £303m.
Substantial increases in the costs of safely decommissioning plants like Bradwell has contributed to the loss more than £40m up on last year.
The company made the deficit despite a turnover of £2.32 billion by the end of the financial year to March 31.
But since BNFL's newly-created body, British Nuclear Group (BNG), took over all magnox sites in the process of being cleaned up in April this year, dramatic changes in the firm's financial position should soon be apparent, according to Bradwell spokesman Robin Thornton.
The Bradwell site ceased generating electricity in 2002, and it could be 100 years before the 737-acre site can be returned to green fields.
Mr Thornton said the rigorous processes to make the site safe are expensive and, as the station is no longer making electricity, it is not able to make any profit.
Published Friday June 11, 2004
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