• Blow to UK nuclear strategy as Toshiba considers pulling out of Cumbria plant
    0 replies, posted
[QUOTE]Plans for a new nuclear power station in Cumbria are likely to be scrapped after a key backer pulled out, creating a major hole in the government’s nuclear strategy. Two industry sources close to the process said Toshiba had privately decided to quit the consortium behind the planned Moorside plant, echoing sources who told Reuters and the Wall Street Journal that the Japanese company was withdrawing from new nuclear projects in the UK. Toshiba said last month it was reviewing all its nuclear business abroad after suffering a multibillion-dollar writedown on its US business. It has promised to provide more details about its intentions when it publishes results on 14 February. The French energy firm Engie, which is Toshiba’s partner in the NuGen consortium, has long been seen as wanting to get out of the project. Its chief executive said last year the future did not lie in nuclear power. ... Theresa May told parliament earlier this week that the government was committed to new nuclear plants. A spokesman for the government said it was “working closely with a number of developers”. [/QUOTE] [url]https://www.theguardian.com/business/2017/feb/03/toshiba-exit-could-scrap-plans-for-new-nuclear-power-plant-in-cumbria[/url]
Sorry, you need to Log In to post a reply to this thread.