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UK Project Management Round Up

REPORT

New Nuclear; Infrastructure Projects; University Expansions in London; Britain and Chernobyl’s Containment – Positive News

By Miles Shepherd

Executive Advisor & International Correspondent

Salisbury, England, UK

 


INTRODUCTION

It has been an interesting time since my last UK Round Up. The ‘discussions’ about New Nuclear rumble on, Rail projects provoke more disputes and opposition to new projects raise the local temperature. So nothing new, you might think? Well there is a little encouraging news on the Project front but first, to look at the old favourites…

NEW NUCLEAR

Most punters were expecting news of the French decision on Hinkley Point where UK’s first new reactor in 20 odd years is expected to be built in a very long construction project. This project is part of the Government’s Energy programme and is a key component. Well, the latest news is that there is no news. EDF, the French energy giant who have the poisoned chalic ée to deliver Hinkley C have been warned that they cannot finance the deal and to attempt to do so would result in the downgrade of their credit rating.

pmwj46-May2016-Shepherd-IMAGE1Apart from the financial aspect, there are concerns over the reactor design. Hinkley C is scheduled to be a European pressurized reactor (EPR) design of the type that is causing angst at the French installation at Flammanville (Normandy) and Olkiluoto (Finland) where new build projects are bogged down. Back in March, analysts were speculating that planners were waiting to see how developments in Normandy and Finland turned out before committing. However, it looked like the departure of the Director of Finance might be warning that all was not well with the UK proposal.

In his letter to his (French) employees, CEO Bernard Lévy said that EDF could not afford to carry all the massive finance burden and that partners would be essential – notably French taxpayers! This went down badly but the French head of state Hollande has encouraged EDF to keep in the deal. Amid more EDF Board resignations, the decision over the go ahead has been postponed till September. Any bets that it will be delayed again as Decision Day approaches?

More…

To read entire report, click here

 



About the Author

pmwj36-Jul2015-Shepherd-PHOTO
MILES SHEPHERD

Salisbury, UK

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Miles Shepherd is an executive editorial advisor and international correspondent for PM World in the United Kingdom. He is also managing director for MS Projects Ltd, a consulting company supporting various UK and overseas Government agencies, nuclear industry organisations and other businesses. Miles has over 30 years’ experience on a variety of projects in UK, Eastern Europe and Russia. His PM experience includes defence, major IT projects, decommissioning of nuclear reactors, nuclear security, rail and business projects for the UK Government and EU.   Past Chair and Fellow of the Association for Project Management (APM), Miles is also past president and chair of the International Project Management Association (IPMA). He is currently Director of PMI’s Global Accreditation Centre and the Chair of the ISO committee developing new international standards for Project Management and for Program/Portfolio Management. He was involved in setting up APM’s team developing guidelines for project management oversight and governance. Miles is based in Salisbury, England and can be contacted at [email protected].

To view other works by Miles Shepherd, visit his author showcase in the PM World Library at http://pmworldlibrary.net/authors/miles-shepherd/.