Commentary on Sections Chapter 1: Nuclear Decommissioning Sections 24 and 25: Limit on NDA borrowing and Government guarantees for NDA borrowing
113.Section 24 limits the capacity of the NDA to borrow to £2 billion, the limit which applies to BNFL in the Atomic Energy Act 1971 (c.11). In view of the long timescales involved in nuclear clean up, the Secretary of State can amend that limit by order. Section 25 provides that the Secretary of State may guarantee borrowing by the NDA with the approval of the Treasury.