Sizewell C: Funded Decommissioning Programme (FDP)
The financing arrangements required to meet the full costs of decommissioning, waste management and disposal costs.
Documents
Details
Under the Energy Act 2008 operators of new nuclear power stations are required to have secure financing arrangements in place to meet the full costs of decommissioning and their full share of waste management and disposal costs. These arrangements are set out in a Funded Decommissioning Programme (FDP).
The Secretary of State has approved the聽FDP for Sizewell C in accordance with the requirements of the Energy Act 2008.
The Funded Decommissioning Programme comprises:
- the Decommissioning and Waste Management Plan (DWMP)
- the Funding Arrangement Plan (FAP)
- a range of associated agreements and contracts
In taking this decision, the Secretary of State received impartial advice from the Nuclear Liabilities Financing Assurance Board (NLFAB). That advice is also available here, including its annexes and an addendum.