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30/09/2016

KBR Signs Project Management Deal On £18bn Hinkley Point C

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US Engineering firm KBR has signed a project management services deal on the £18 billion Hinkley Point C project.

The deal follows the UK Government signing the Contract for Difference (CfD) with France and China on Thursday, 29 September, which will see the UK's first new nuclear power station built for a generation in West Somerset.

Once completed, Hinkley will provide 7% of Britain's energy needs for the next 60 years, with more than 60% of the £18bn project benefiting UK businesses. In addition, 26,000 jobs and apprenticeships will be generated.

KBR will provide project management services including site operations management, contract management and materials tracking for the energy scheme, which involves over 100 international suppliers and contractors.

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Stuart Bradie, KBR President and Chief Executive Officer, said: "The announcement is a testament to KBR's capability and track record in delivering large-scale projects and represents a key stepping stone in line with our strategy to secure long-term enduring contracts and to grow our business stream in the UK.

"We look forward to a long and successful relationship with EDF Energy and playing our part in the effective delivery of Hinkley Point C."

Speaking after signing the Contract for Difference, Business Secretary Greg Clark said: "Signing the Contract for Difference for Hinkley Point C is a crucial moment in the UK’s first new nuclear power station for a generation and follows new measures put in place by Government to strengthen security and ownership.

"Britain needs to upgrade its supplies of energy, and we have always been clear that nuclear power stations like Hinkley play an important part in ensuring our future low-carbon energy security."

(LM)

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