2013 Report details for project: Project Eagle (formerly Urenco Future Options)

Project name: Project Eagle (formerly Urenco Future Options) - there are 5 reports for this project: 2013, 2014, 2015, 2016, 2017
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Organisation: DECC (D11) - see all reports for this organisation
Report year: 2013 (data is from Sept 2012)
Category: Transformation - see all reports for this category
Description: As announced on 22 April 2013 by the Business and Energy Minister, the British Government is proceeding with plans to sell some or all of its one-third shareholding in the uranium enrichment company Urenco. The decision to proceed with preparations for a sale comes after the Government has secured agreement to do this from its Dutch and German partners. Any final decision to sell will require the support of both the Dutch and German Governments and shareholders. Building on the work of a number of years, this sale supports the Government's strategy to dispose of public assets that do not require public ownership. Funds released from a sale can then be used to meet the Government's priorities of achieving strong and sustainable growth across the country. Subsequent to the Machinery of Government change in February 2013, the Urenco project has transferred from DECC to BIS. For more information, see: https://www.gov.uk/government/news/government-to-proceed-with-urenco-sale-to-realise-value-for-the-taxpayer
DCA (RAG): Unknown
DCA text: TBC - commercial negotiations underway
Start date: 2010-02-01
End date: None
Schedule text: The start date represents the commencement of Urenco future options work. The form, scale and timing of any proposed sale has not yet been determined and will be conditional on further discussions with our Urenco partners.
Baseline: £2.50m
Forecast: £2.50m
Variance: 0.00%
Variance text: 12/13 budget represents the estimated cost of administering the sales process, including use of expert advisers for the FY12/13 year as at September 2012. A significant portion of the budget allocated at the outset of FY12/13 was rolled forward into FY13/14.
Whole Life Cost: £11.98m
WLCost text: Whole life costs represent the anticipated project costs as at September 2012 of taking the project from inception to completion, including use of expert advisers.
Notes1: Urenco Future Options
Sourcefile: DECC_2013.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.