1-20 of 48 results for subject:Urenco
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To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to review its shareholding in Urenco and options for reducing its stake.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to review its shareholding in Urenco and options for reducing its stake.
The Government is not currently reviewing its shareholding in Urenco and has no current plans to pursue a sale of all or part of its one-third stake in URENCO.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what dividends have been received by the Government as a result of its shareholding in Urenco in each of the last five years.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what dividends have been received by the Government as a result of its shareholding in Urenco in each of the last five years.
The Government holds a one third stake in Urenco Ltd and receives one third of any dividends paid by Urenco to its shareholders.
Urenco Ltd reports its results in Euros and pays its dividends in Euros. These are converted at the prevailing exchange rate into Pound Sterling on the date the Government receives the dividend.
The table below outlines the dividend allotted by Urenco Ltd over the past 5 fiscal years to the Government in Euros and the Pound Sterling equivalent at the time.
Year | HMG Dividend Received |
2016/17 | €100 million (£86 million) |
2017/18 | €100 million (£88 million) |
2018/19 | €100 million (£87 million) |
2019/20 | €100 million (£94 million) |
2020/21 | €100 million (£88 million) |
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether investigations into security breaches of URENCO employees are required to involve notification of Ultra-Centrifuge Nederland NV and Uranit GmbH.
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether investigations into security breaches of URENCO employees are required to involve notification of Ultra-Centrifuge Nederland NV and Uranit GmbH.
URENCO operations in the UK are regulated by the Office for Nuclear Regulation (ONR), with clear criteria for the reporting of security breaches. Security breaches are reported to the ONR and to the UK, Dutch, and German members of the Security Work Group. The Security Working Group is made up of regulators from the UK, Germany, the Netherlands, France, and the US, as well as representatives from the Enrichment Technology Company and URENCO. Severe breaches may also be reported to the board of URENCO, on which Directors appointed by Ultra-Centrifuge Nederland NV and Uranit GmbH sit.
To ask the Secretary of State for Business, Innovation and Skills how much his Department has spent on external consultants to advise on the proposed sale of the Government's stake in Urenco.
To ask the Secretary of State for Business, Innovation and Skills how much his Department has spent on external consultants to advise on the proposed sale of the Government's stake in Urenco.
Responsibility for Urenco transferred to the Department for Business, Innovation and Skills from the Department of Energy and Climate Change in February 2013.
To date, the Department for Business, Innovation and Skills has spent a total of £138,972 on external consultants to advise on the proposed sale of Urenco. In addition, the Department has spent a total of £2,032,389 on specialist technical, financial and legal advice.
We will continue to ensure that costs associated with consultants and external advisers are closely managed.
To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of the economic consequences of selling the Government's stake in Urenco.
To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of the economic consequences of selling the Government's stake in Urenco.
On 22 April 2013, the Government announced its decision to move forward preparations for the sale of all or part of our one-third shareholding in Urenco. It is Government policy not to continue to hold shares in companies where the shareholding itself does not deliver any policy objective.
No final decision to sell has yet been taken. Any final decision will be dependent on achieving value for money for the taxpayer, informed by a thorough economic assessment of any agreed sale proposition.
To ask the Chancellor of the Exchequer what progress the Government has made on selling its share in Urenco.
[157818]
To ask the Chancellor of the Exchequer what progress the Government has made on selling its share in Urenco.
[157818]
On 22 April 2013 the Government announced it will work with its international partners in the uranium enrichment company Urenco to move forward preparations for the sale of all or part of the UK's one-third shareholding. Any sale of the shareholding remains contingent upon full protection of the UK's security and non-proliferation interests, and upon achieving value for money for the taxpayer.
To ask the Secretary of State for Business, Innovation and Skills what estimate he has made of the revenue to be accrued to the Government through the sale of its shares in Urenco.
[155102]
To ask the Secretary of State for Business, Innovation and Skills what estimate he has made of the revenue to be accrued to the Government through the sale of its shares in Urenco.
[155102]
The Government do not estimate expected proceeds from individual asset sales. To do so would prejudice the Government's commercial position in ongoing and future sale processes. In assessing any potential sale a priority for the Government, alongside ensuring the protection of our security and non-proliferation interests, will be to achieve value for money for the British taxpayer.
To ask the Secretary of State for Business, Innovation and Skills when he expects the sale of the Government's shares in Urenco to be completed.
[155103]
To ask the Secretary of State for Business, Innovation and Skills when he expects the sale of the Government's shares in Urenco to be completed.
[155103]
The timing of any proposed sale has not yet been determined and will be conditional on a number of factors, including further discussions with our Urenco partners. Further announcements will be made in due course.
My right honourable friend the Minister of State for Business and Enterprise (Michael Fallon) has today made the following Statement.
I wish to inform the House that the Government have decided to work with our partners in the uranium enrichment company Urenco to move forward preparations for the sale of all...
My right honourable friend the Minister of State for Business and Enterprise (Michael Fallon) has today made the following Statement.
I wish to inform the House that the Government have decided to work with our partners in the uranium enrichment company Urenco to move forward preparations for the sale of all...
I wish to inform the House that the Government have decided to work with our partners in the uranium enrichment company Urenco to move forward preparations for the sale of all or part of our one-third shareholding. It is Government policy not to continue to hold shares in companies where...
I wish to inform the House that the Government have decided to work with our partners in the uranium enrichment company Urenco to move forward preparations for the sale of all or part of our one-third shareholding. It is Government policy not to continue to hold shares in companies where...
I am today confirming a machinery of government change concerning the management of the Government’s stake in the uranium enrichment company URENCO.
Responsibility for this is moving from the Department of Energy and Climate Change to the Department for Business, Innovation and Skills.
I am today confirming a machinery of government change concerning the management of the Government’s stake in the uranium enrichment company URENCO.
Responsibility for this is moving from the Department of Energy and Climate Change to the Department for Business, Innovation and Skills.
My right honourable friend the Prime Minister has made the following Written Ministerial Statement.
I am today confirming a machinery of government change concerning the management of the Government’s stake in the uranium enrichment company URENCO.
Responsibility for this is moving from the Department of Energy and Climate Change to the...
My right honourable friend the Prime Minister has made the following Written Ministerial Statement.
I am today confirming a machinery of government change concerning the management of the Government’s stake in the uranium enrichment company URENCO.
Responsibility for this is moving from the Department of Energy and Climate Change to the...
To ask the Secretary of State for Energy and Climate Change what progress has been made in selling off the Government's stake in Urenco.
[136957]
To ask the Secretary of State for Energy and Climate Change what progress has been made in selling off the Government's stake in Urenco.
[136957]
The Government is continuing to discuss the possibility of a sale of some or all of the UK shareholding in Urenco with the Dutch and German Governments and shareholders. These discussions are being supported by legal and financial advisers. No final decisions have yet been taken and any decision to sell will be subject to maintaining protections in the areas of nuclear non-proliferation, safety and security, as well as ensuring any transaction delivers value for money for the tax payer.
To ask the Secretary of State for Energy and Climate Change how much income has been received by the Exchequer from its stake in Urenco in each of the last three years.
[137062]
To ask the Secretary of State for Energy and Climate Change how much income has been received by the Exchequer from its stake in Urenco in each of the last three years.
[137062]
The Government has a 33% shareholding in Urenco via Enrichment Holdings Ltd. The only income received is in the form of dividends, which are received and recorded in DECC's resource accounts under programme income. The following table summarises the amounts received in each of the last three financial years as well as the amount received to date in the financial year 2012-13:
| £000 | |
| 2009-10 | 22,040 |
| 2010-11 | 21,618 |
| 2011-12 | 26,141 |
| 2012-YTD | 51,052 |
To ask the Secretary of State for Energy and Climate Change what meetings he has had with representatives or agents of Urenco plc since the sale of the UK's stake was announced.
To ask the Secretary of State for Energy and Climate Change what meetings he has had with representatives or agents of Urenco plc since the sale of the UK's stake was announced.
(2) whether any (a) individual, (b) organisation and (c) state will not be invited to purchase those shares in Urenco held by the UK;
(2) whether any (a) individual, (b) organisation and (c) state will not be invited to purchase those shares in Urenco held by the UK;
To ask the Chancellor of the Exchequer (1) what arrangements he plans to make for the sale of the UK shareholding in Urenco; what estimate he has made of the potential proceeds from the sale; by what date he plans to issue a prospectus; and if he will make a...
To ask the Chancellor of the Exchequer (1) what arrangements he plans to make for the sale of the UK shareholding in Urenco; what estimate he has made of the potential proceeds from the sale; by what date he plans to issue a prospectus; and if he will make a...
(4) what account he has taken of the review of the UK nuclear energy programme in assessing the potential market for shares in Urenco.
(4) what account he has taken of the review of the UK nuclear energy programme in assessing the potential market for shares in Urenco.
(3) what meetings (a) he, (b) Ministers in his Department and (c) officials in his Department have held with trade unions representing UK nationals employed by Urenco; and what steps have been taken to inform UK-based employees of Urenco of the decision to sell the UK's shareholding;
(3) what meetings (a) he, (b) Ministers in his Department and (c) officials in his Department have held with trade unions representing UK nationals employed by Urenco; and what steps have been taken to inform UK-based employees of Urenco of the decision to sell the UK's shareholding;