THE potential of the former nuclear power station at Trawsfynydd in Gwynedd, will be unlocked by the establishment of a site development company.

The development company, to be known as Cwmni Egino, will help exploit the economic benefits of small modular reactors and associated technologies on site. This will include a potential medical research reactor, to provide a secure and sustainable supply of medical radioisotopes for Wales, the UK and Europe.

Ken Skates, Minister for Economy and North Wales, said: “There is no doubt there is huge potential for the development of small modular reactor technologies at Trawsfynydd. To be able to maximise and deliver this we are establishing Cwmni Egino, ensuring this great potential is unlocked.

“There is expertise and skill in the nuclear field in North Wales, I want to ensure that we make the most of this and are at the forefront of new developments.

Tim Stone, chair of the Nuclear Industry Association added “The creation of a development organisation to maximise the future opportunities from Trawsfynydd is a wonderful step”.

Dr John Idris Jones, chair of the Snowdonia Enterprise Zone which includes the Trawsfynydd site added “The creation of Cwmni Egino is great news for the Enterprise Zone. It opens up the opportunity for developing the site at Trawsfynydd for low carbon energy development to the long term benefit of the local community and the wider regional economy”.