International Nuclear Services publishes its Annual Review
International Nuclear Services (INS), the world’s leading shipper of nuclear materials, has published its Annual Review for the financial year 2010-11, featuring highlights of its business and operational performance.
INS, a wholly-owned subsidiary of the Nuclear Decommissioning Authority (NDA), is a nuclear materials transport specialist and manages the delivery of contracts for Sellafield’s fuel cycle services on behalf of the NDA. INS also manages the revenues from these contracts.
The financial year 2010-11 saw these contractual revenues hit £600m; with INS’s profit reaching £5.7m on a turnover of £61m. Revenues from INS contribute to the overall cost of the clean-up of the UK’s nuclear legacy.
In the Annual Review, Mark Jervis, Managing Director of INS, says: “The value of INS lies in its people’s nuclear fuel cycle and nuclear transport knowledge. This enables us to manage complex technical and contractual challenges that are key to solving the UK’s nuclear legacy and meeting our customers’ needs.”
As well as its financial performance, INS also successfully undertook a Mox fuel transport from France to Japan; assumed management of NDA contracts relating to the Dounreay site’s commercial fuel cycle arrangements with overseas customers; and arranged for the rapid deployment of more than £1m of UK nuclear industry safety equipment to Fukushima Daiichi to support its recovery operations.
INS Chairman, John Clarke, says: “As a taxpayer-owned company, INS is a key strategic asset for the UK, with valuable people who have unique experience in a field where strong customer relationships and innovative solutions are required to solve complex issues and liabilities.”
INS’s role is to support the NDA’s mission of hazard reduction and to help manage the liabilities from the UK’s civil nuclear legacy.
A copy of the review can be found under the publications area of this website or via the attached link>>>
