The future of Moorside, one of Britain’s three big nuclear projects, was thrown into doubt last night after it emerged that cash-strapped Toshiba and its partner Engie needed to find £225 million in the next two years to fund its preparation. The Cumbrian project was set to be approved at the end of next year, to join Hinkley Point C in Somerset and Wylfa in North Wales as the nuclear alternative to coal and gas. Toshiba has said it will continue to fund the project, in Sellafield, to approval stage, leaving open the question of who will build the reactors. But documents filed at Companies House reveal that a further £225 million is needed from Toshiba and Engie by the end of 2018 to gain Whitehall approval, potentially adding to the firm’s financial woes.
Daily Mail 18th Feb 2017 read more »