Investing in Japan
Latest UpdatesUK’s largest nuclear power company Cavendish Nuclear establishes corporation in Tokyo
Nov 19, 2019
Cavendish Nuclear is a wholly owned subsidiary of Babcock International Group and the largest nuclear power company in the UK. The company conducts the design, manufacture and construction of nuclear power plants as well as the design, construction and decommissioning of waste control systems, utilizing its experience and knowledge garnered over the past 50 years. In the UK, it currently supports the construction and operation of nuclear reactors and the decommissioning of those that have been shut down.
In order to further develop business in Japan, a country considering the decommissioning of its reactors, Cavendish Nuclear Japan KK was established in Tokyo in October 2018. The company’s aim is to build cooperative relations with partner companies in Japan and pioneer new business.
Recently, a number of electric power companies have announced the decommissioning of nuclear power plants in Japan and serious considerations and full-scale preparations have began. Cavendish Nuclear signed a contract with the Japan Atomic Energy Agency to support the decommissioning of prototype fast breeder reactor Monju in August 2019. The agreement is based on the company’s experience decommissioning fast breeder reactors in the UK and ensures the highest level of safety and environmental protection.
To assist with the establishment of the company’s base in Japan, the JETRO Invest Japan Business Support Center (IBSC) provided temporary office space, consultation on registration and information on the market, regulations and the legal system. It also introduced a real estate company.