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CHRIS KAYE JOINS PROSPECT’S NUCLEAR TEAM

Prospect is pleased to announce the further development of its multi-disciplinary infrastructure practice through Chris Kaye joining the firm as an expert on the negotiation and management of multi-billion pound infrastructure projects, particularly in the nuclear sector. On behalf of the Department of Energy, Chris led the review of Hinkley Point C’s waste and decommissioning plans, providing advice to the Secretary of State on the approvability of the power station’s Funded Decommissioning Programme, and liaising with private and public sector advisory bodies.

Prospect remains the only regulated firm to offer combined legal and technical services to clients in the infrastructure sector and its position is further strengthened by the addition of Chris Kaye.

Chris has over 40 years experience in negotiating, managing, and assuring the performance of multi-billion pound strategically and technically complex contracts within Government and private sectors. From 2006 to 2016 and prior to joining Prospect Group, Chris was a function head of a major UK Non-Departmental Public Body, where he was responsible for assurance and oversight of the private sector nuclear operator’s decommissioning strategy, planning and costing where the Government has an interest in its funding and risks. This work was primarily directed at assuring the robustness of detailed plans for decommissioning the UK’s most modern nuclear power station fleet and associated spent fuel liabilities, with a total value of c. $25bn.

Chris has also led the assurance, on behalf of the UK’s Department of Energy, of all three of the UK’s new nuclear power plants’ decommissioning plans and cost estimates, in order to support the UK Government’s decision on whether or not to approve the operator’s liabilities funding arrangements for this first of a kind development. This included Hinkley Point C.

Outside the UK, Chris also led assurance reviews of Canadian, Swedish and Swiss nuclear facilities’ decommissioning plans on behalf of their respective governments and has provided consultancy advice to the Taiwanese and Chinese governments and private enterprises. Prior to 2006, Chris worked as an independent consultant on various technical assignments for major clients including the UK Atomic Energy Authority, Arthur D Little and the UK Government, significantly influencing the eventual decision to create the Nuclear Decommissioning Authority (NDA).

Chris also participated in reviews of private sector companies’ performance as part of the UK Business Excellence Award process utilising the European Foundation for Quality Management Business Excellence model. He has also worked in a variety of roles in the UK electricity supply industry. Initially covering waste management R&D and policy, for 12 years Chris led the negotiation and management of all contracts for the supply of uranium, new fuel, and spent fuel management services for the UK’s private sector nuclear fleet. Chris has also been a ‘high risk projects’ reviewer for the UK Cabinet Office Infrastructure and Projects Authority, participating in major government infrastructure projects in overseas construction, justice, immigration, rail franchise and national emergency planning. He is a Member of the Chartered Institute of Purchasing & Supply.

Prospect Law and Prospect Advisory provide a unique combination of legal and technical advisory services for clients involved in energy, infrastructure and natural resource projects in the UK and internationally.       

This article remains the copyright property of Prospect Law Ltd and Prospect Advisory Ltd and neither the article nor any part of it may be published or copied without the prior written permission of the directors of Prospect Law and Prospect Advisory.

For more information please contact us on 020 7947 5354 or by email on: info@prospectlaw.co.uk.

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“THE BIGGEST HOUSE BUILDING PROGRAMME SINCE THE 1970s?”

George Osborne’s Autumn budget statement has this week pledged £2billion to the Housing Budget, more then twice the amount currently earmarked, as part of a drive to create a more sustainable housing market by building 400,000 more affordable homes by 2020.

A pilot scheme allowing housing association tenants the ‘right to buy’ has gone live, and many of the restrictions on shared ownership are now also due to be lifted. An increase in the availability of loans for small building firms has also been promised.

With house building currently at a six year low, Osborne’s approach also incorporates significant planning reforms, intended to release enough public land to build 160,000 homes and allow vacant plots of commercial land to be used for the building of starter homes, to be offered to first time buyers aged under 40 for 20% less then their market price.

The statement has provoked a reaction in the stock market, with shares in housebuilders such as Persimmon and Taylor Wimpey significantly rising upon news of the announcement. The former saw a rise of 6pc on the morning of 25th November, although this rise has since eased to 2.1pc more then its pre announcement level.

Despite their apparent proactivity, the government clearly has a long way to go before it can properly convince the British public of it ability to cure the current shortage of housing land supply. House prices have already risen 15% since 2010 and critics of this statement have questioned the likelihood of Osborne’s vision for affordable housing ever coming true, with some also pointing to the apparent failures of the ‘help to buy’ scheme, which has come into criticism for extending to less then 4% of the 2.4 million property transactions in the past 2 years.

Prospect Law and Prospect Energy provide a unique combination of legal and technical advisory services for clients involved in energy, infrastructure and natural resources projects in the UK and internationally.

For more information, please contact Edmund Robb on 07930 397531, or by email on: er@prospectlaw.co.uk.

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THE NATIONAL INFRASTRUCTURE COMMISSION

Chancellor George Osborne has overseen the creation of a National Infrastructure Commission.

The Commission came into existence on 5th October and will supervise the spending of £100billion on roads, rail lines, energy and flood defenses. It will be headed by a team of seven Commissioners and has been tasked with putting forward full, impartial recommendations on how money should be spent on economic infrastructure at the beginning of each parliament.

The Commission’s plans will look at the infrastructure the UK might need in 30 years time. The intention is for the Commission to publish proposals after extensive public consultations and it is hoped that its plans will go some way towards helping safeguard future investment in the national economy and allowing the UK to compete with its Western European rivals.

Spending on infrastructure has fallen 5.6% since 2010 and George Osborne has previously commented that the UK’s reputation for world leading infrastructure had ‘slipped’. Currently only in existence provisionally, it is expected that the Commission will be given a statutory grounding in upcoming legislation.

Criticism of UK infrastructure spending emphasizes, amongst other things, disproportionate investment in the Greater London area.

Whatever strategies the Commission proposes, it is extremely hard to envisage it ever appeasing all sides. Many have already expressed concern that the creation of this Commission could exacerbate inequality and hamper investment in the North.

Prospect Law and Prospect Energy provide a unique combination of legal and technical advisory services for clients involved in energy, infrastructure and natural resources projects in the UK and internationally.

For more information, please contact Edmund Robb on 07930 397531, or by email on: er@prospectlaw.co.uk.

For a PDF of this blog click here