Labour demands action to save Moorside from collapse. Shadow BEIS secretary accuses government of “dragging its heels” after reactor supplier files for bankruptcy. Labour shadow BEIS secretary Rebecca Long-Bailey has demanded the government takes action to save the Moorside nuclear project from collapse. She has called on ministers to provide urgent reassurances over the future of the development in Cumbria after the reactor supplier Westinghouse filed for bankruptcy protection in the US. “This announcement throws into doubt the Moorside new nuclear plant that could create 20,000 jobs in Cumbria,” Bailey said in a statement. She continued: “When Westinghouse’s viability was first called into question, Labour said the government should step in to underwrite the company’s investment if the project was at significant risk of collapsing. Unfortunately, the government dragged its heels. “The government must now urgently provide assurances about the future of Moorside. Relying on the private sector alone, in absence of a robust contractual legal structure, has failed.
Utility Week 30th March 2017 read more »