Project:

Trawsfynydd

Overview:

This project will deploy first-of-a-kind Small or Advanced Modular Reactors at the Trawsfynydd site to generate low carbon energy. The Growth Deal will contribute towards project development costs and infrastructure, helping to create jobs as well as position North Wales as a leading location for a technology that has significant potential for deployment across the UK and internationally.

Ambition North Wales is working with lead sponsor, Cwmni Egino to develop this site.

Lead Sponsor:

Cwmni Egino

 

Objectives

Carbon Savings

Save up to 2,660,000 tonnes of CO2e savings

Job Creation

Up to 557 new jobs in the region

Low Carbon Energy

Generate up to 700 MW new installed capacity using low carbon energy

Target Investment

£20m

Growth Deal

£20m

Other Public Sector

£360m

Private Sector

£400m

Total Investment

Which stage has the project reached?

Stage01.
Determine the Project context:

The planning phase of the spending proposal. Assessing the strategic context for the project and demonstrating how it provides synergy with other projects within the portfolio.

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Stage02.
Preparing the Strategic Outline Case:

The scoping phase of the project. Making the case for change and identifying the preferred way forward.

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Stage03.
Preparing the Outline Business Case:

The planning phase for the project. Identifying the options that provide value for money, confirming the affordability of the project and determining the arrangements for the successful delivery of the project. 

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Stage04.
Approval of the Outline Business Case:

The Outline Business Case is presented to the North Wales Economic Ambition Board for approval. When approved the procurement phase of the project can begin. 

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Stage05.
Preparing the Full Business Case:

The procurement phase of the project. Recording the findings of the procurement and confirming the management arrangements for the delivery, monitoring and evaluation of the project.  

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Stage06.
Approval of the Full Business Case:

The Full Business Case is presented to the North Wales Economic Ambition Board for approval. When approved the implementation phase of the project can begin. 

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Stage07.
Project implementation and monitoring:

The project implementation phase. The Full Business Case is used as a reference point to deliver the project and monitor progress. 

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Stage08.
Project Evaluation:

The post project implementation stage. Evaluating how well the project was delivered and lessons learnt.  The Full Business Case is used to determine the extent the anticipated benefits were delivered and realised.

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Key Members

  • Mike Tynan Interim Chief Executive, Cwmni Egino
  • Laurence Smith Head of Operations, Cwmni Egino
  • Henry Aron Energy Programme Manager