NUGEN is declining to comment on speculation that it has approached a South Korean energy giant to invest in a nuclear power station at Moorside, Sellafield. 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. NuGen confirmed to the News & Star that it was talks with potential investors but declined to confirm whether Kepco was one of them.
In Cumbria 4th May 2016 read more »
Nuclear company NuGen is about to start offshore drilling as it steps up preparations to build a nuclear power plant at Moorside, Sellafield. It is due to give the go-ahead for plans for three Westinghouse AP1000 rectors in 2018, with construction starting two years later. Work to assess the site is gathering pace. NuGen began drilling at Moorside in December and was due to begin the first phase of off-shore drilling this week. It says the results will inform the design and layout of Moorside, and support licensing, planning applications and other consents. The first phase involves drilling 11 boreholes into the seabed, and the collection and testing of geological samples. NuGen’s second stage public consultation on proposals for Moorside begins on May 14. Details are available at nugenconsultation.com.
Whitehaven News 3rd May 2016 read more »