Our focus in the nuclear sector is to maximise contractor opportunities and minimise regulatory risk for our clients.
With a strong track record on advising the nuclear sector, BLP is well placed to accelerate its commitment to the sector in response to recent developments in nuclear policy and implementation both in the UK and overseas. The UK Government, for example, has stated that nuclear power has a part to play in the energy mix of the future.
UK Government policy has been designed to create a favourable environment for the private sector to plan for, invest in, construct and operate new build nuclear plants. This facilitative approach, coupled with political will, has positively transformed the prospects for investment in nuclear power. That said, the regulatory framework, much of which is new and untested, poses significant challenges and resource implications for the private sector proposing to participate in this process.
Our team has extensive experience advising clients on both project and “on balance sheet” financing of major projects. We understand the challenges that the nuclear industry faces and we can ensure that risks are minimised and returns are maximised when embarking on these high value long-term projects.
Work in the decommissioning arena is continuing and our nuclear group continues to act for long-standing client, UKAEA.
On the new build side we have advised on project management contracts for new build projects outside the UK.