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Aon warns of supply risk for UK nuclear

 
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Aurora



Joined: 24 Jan 2007
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PostPosted: Sat Apr 12, 2008 2:02 pm    Post subject: Aon warns of supply risk for UK nuclear Reply with quote

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Environmental Finance - 10/04/08

Insurer Aon Corporation has warned that the UK?s plan for a nuclear power renaissance must take into account risks of interruptions to the supply of uranium fuel.

The UK government is easing planning restrictions, in a bid to encourage private companies to build a new generation of nuclear power plants to help replace the existing, aging fleet of reactors. At a speech on 26 March, UK Business Secretary John Hutton called this new push for nuclear ?the most significant opportunity for our energy economy since the exploitation of North Sea oil and gas?.

But Hamish Roberts, London-based managing director of Aon?s natural resources team, warned that the UK must face up to risks associated with the supply of uranium, which is mostly imported over great distances from Australia, as well as from Africa.

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