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Vaughan Gething MS, Minister for Economy

First published:
26 August 2021
Last updated:

On 23 October 2020, Members were informed of our intentions to establish a new development company, Cwmni Egino, at Trawsfynydd.   Today, I can provide an up-date on those proposals.

Members will recall that the purpose of Cwmni Egino is to bring forward potential new projects including the deployment of small nuclear reactors to generate electricity and also a medical radioisotope research reactor to produce radionuclides for use in cancer diagnostics and treatment. This provides a significant economic opportunity for North West Wales, which is firmly embedded in to our response to the climate emergency.

We have now appointed Mike Tynan as Cwmni Egino’s interim Chief Executive. Mike is a highly experienced leader having worked in the sector for over 40 years.  He has an extensive background in the civil nuclear sector spanning fuel manufacture, waste management, decommissioning and new build.  He will now begin to develop and implement the company’s formal business plan over the next few months to facilitate and bring forward key projects. 

Mike joins Cwmni Egino’s Chair, Dr John Idris Jones.  John is well regarded in the nuclear industry following his previous roles at Magnox and other representative roles within the sector.  His appointment will provide valuable continuity between the work of the Snowdonia Enterprise Zone, for which he is also the Chair, with the new company.

I will continue to keep Members up-dated as matters develop.

This statement is being issued during recess in order to keep Members informed. Should Members wish me to make a further statement or to answer questions on this when the Senedd returns I would be happy to do so.