Annual report and accounts 1988/89

British Nuclear Fuel's (plc) (BNFL) operations over the year 1988/9 are reviewed. The financial position is presented and the accounts explained. These show that the year was one of growth. BNFL manufactures nuclear fuel and fuel products at Springfields near Preston, enriches uranium by a centrifuge process at Capenhurst near Chester, reprocesses and manages waste at Sellafield in West Cumbria and has a headquarters and engineering design facility at Risley near Warrington. BNFL also owns and operates two nuclear power stations at Calder Hall on the Sellafield site and at Chapelcross in Southern Scotland. Each aspect of the company's activities is reviewed briefly and an overview given in reports of the Chairman and Chief Executive. Over 90% of BNFL's turnover is associated with the production of electricity by nuclear power. The government's decision to withdraw the nuclear power stations from the privatisation of the electricity supply industry has created uncertainty over the long-term position of BNFL. (UK)