Magnox Ltd has become a wholly owned subsidiary of the Nuclear Decommissioning Authority (NDA) after ownership transferred from the Parent Body Organisation, Cavendish Fluor Partnership
This follows the announcement made in July 2018 and marks a new approach to managing the UK’s 13 Magnox sites - 10 former Magnox nuclear power stations, two nuclear research sites and a hydroelectric plant.
Magnox becoming a NDA subsidiary follows a similar change made at Sellafield in 2016, where the new model is facilitating progress and providing increased value for money for the taxpayer.
NDA Chief Executive, David Peattie, said:
Gwen Parry-Jones OBE, Magnox’s new CEO, said: