The future of a multi-billion-pound nuclear power development in West Cumbrian has been thrown into doubt by the company behind the plans. It had been hoped Moorside would bring more than 20,000 jobs to the region.
ITV 1st Feb 2017 read more »
Toshiba is scaling back ambitions for its nuclear business, saying construction costs have increased since the 2011 accident at Fukushima-Daiichi because of the imposition of stricter safety standards in the US. The Japan Atomic Industrial Forum (Jaif) said on 31 January 207 that costs had increased for equipment, facilities and materials to meet the new standards, with construction periods also extended, leading to higher personnel costs. Total construction costs rose to “substantially more” than what had been expected when the orders were accepted, Jaif said. The announcement followed an emergency board meeting to discuss the survival of one of Japan’s best known industrial conglomerates. The company’s president and chief executive officer, Satoshi Tsunakawa was quoted by the Asahi Shimbun as saying Toshiba – owner of Westinghouse and its CB&I Stone & Webster subsidiary – would concentrate on designing, manufacturing and supplying nuclear reactors. He said Westinghouse is “unlikely to carry out actual construction work for the future nuclear power plant projects to eliminate risk”.
Nucnet 31st Jan 2017 read more »
Jeremy Corbyn has finally given his personal backing to a new nuclear power plant in Cumbria – just as doubts emerged over its expected Japanese investors. The Labour leader said that he was now supporting the planned Moorside complex, which is expected to create 20,000 jobs and has become a key issue in the Copeland by-election. Corbyn has spent weeks refusing to be pinned down on the scheme, and last weekend again told ITV Border that it was ultimately the Government’s decision and the timing was “some way off”. Yet on Wednesday he told HuffPost UK: “Labour supports new nuclear as part of the UK’s energy mix to keep the lights on and tackle climate change.
Huffington Post 1st Feb 2017 read more »