The boss of NuGen has vowed to “fight tooth and nail” to salvage the £15 billion Moorside nuclear power station in an impassioned speech to industry leaders gathered in Cumbria. Tom Samson, chief executive of the company set to develop the plant in West Cumbria, also told around 150 delegates at the second Cumbria Nuclear Conference at Carlisle Racecourse on Friday, that he was fully behind using the Regulated Asset Base (RAB) model to fund the “transformational” project. In his first public address since NuGen made more than 70 staff redundant because of delays to a deal between current owners Toshiba and prospective buyers Kepco, he warned that the threat of winding up the company was “very real”. With Toshiba’s exit from NuGen definite, Mr Samson stressed it was crunch time for a project that has the potential to create thousands of jobs in Cumbria and generate around seven per cent of the UK’s energy needs.
Whitehaven News 21st Sept 2018 read more »
The boss of NuGen has admitted that there are no firm plans to save the Moorside nuclear development in West Cumbria when Japanese firm Toshiba pulls out in the next six months. The old Sellafield site which is being decommissioned is eventually going to disappear. The nuclear industry pumps 2 billion into the local economy. NuGen’s chief executive told a nuclear conference in Carlisle today he believes Moorside could be saved if the Government intervened. The conference was aimed at key players in the nuclear industry and discussed ways the sector could capitalise on Cumbria’s existing engineering capabilities.
ITV 21st Sept 2018 read more »