British Energy is extending the accounting life-time of its Dungeness B nuclear power station in Kent by 10 years.
The company announced it has completed the necessary technical and economic evaluation, as well as the requisite external reviews, that will see the plant continue operating until 2018.
British Energy expects total group investment in plant projects, major repairs and strategic spares to be £230 million to £250 million (€340 million – €370 million) for this financial year, and £200m to £250 million (€296 million – €370 million) for 2006-2007. This includes the cost of work on the life extension project. In addition, an incremental £25 million (€37 million) investment in Dungeness B is expected from the three years from 2007-2008.