Mark Tami – 2014 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Mark Tami on 2014-04-08.

To ask the Secretary of State for Energy and Climate Change, what the underlying calculations were for the statement by the Nuclear Decommissioning Authority that £1billion would be saved from awarding ownership of shares in Magnox Ltd and Research Sites Restoration Ltd on 31 March 2014.

Michael Fallon

Bidders were required to submit target cost proposals for delivery of the first seven years of scope within the contract. All four bids received showed savings compared to the extant programme in excess of £1 billion.