NuGen, a partnership between Toshiba of Japan and the French company ENGIE, wants to build three Westinghouse AP1000 reactors at Moorside. It is due to make a final decision on whether to proceed in 2018 with a view to starting construction two years later. According to the Sunday Times, NuGen has approached Korea Electric Power Corporation (Kepco) as a potential investor in the project. The report says that Toshiba and ENGIE – formerly GDF Suez – are finding raising the £10bn needed to fund Moorside “a challenge” and have approached Kepco and other potential investors. It adds that Kepco held talks about joining the NuGen consortium in 2013, but no deal materialised.
Whitehaven News 13th Sept 2016 read more »
The News & Star reported in May that it had approached Korea Electric Power Corporation (Kepco) as a potential investor in the project. Now The Financial Times is saying that Kepco is “closing in” on a multi-billion pound investment in Moorside. NuGen is due to make a final decision on whether to proceed in 2018 with a view to starting construction two years later. It is understood that Kepco held talks about joining the NuGen consortium in 2013, but no deal materialised.
Carlisle News & Star 13th Sept 2016 read more »