The director of the electricity transmission owner at National Grid has said he is “sure” that the Moorside new nuclear plant in Cumbria will go ahead, despite big question marks over financial backing for its construction. “I personally talk a lot to Tom Sampson, the CEO of [plant developer] NuGen and I am sure that project will continue once they get new construction backers,” said David Wright. Nevertheless, National Grid recently announced that it has decided to mothball its £2.8bn project to provide a transmission link for Moorside, given uncertainty over the future of NuGen’s now sole shareholder, Toshiba.
Utility Week 23rd May 2017 read more »