A week after Toshiba decided to pull out of plans to develop a new nuclear power station in Cumrbia, Craig Hatch of WYG, believes the appetite and need for Moorside remains as strong as ever but has called for a more cohesive approach and for ministers to get better at courting possible investors. So, the NuGeneration story comes to an end with Toshiba’s announcement that it will wind up the entity early next year due to not securing a buyer. At a corporate level, the decision is understandable. The failure to ensure the development progresses, however, sheds a different light on other stakeholders within UK PLC. What’s very clear is the need and appetite for Moorside to happen. Providing 7% of the nation’s security requirements single-handedly during political instability makes it an absolute no-brainer, not to mention the fact that it is situated in a heartland of nuclear skills capability.
ACEnet 14th Nov 2018 read more »