Toshiba has taken full control of NuGen, the company behind plans for a £10bn Cumbrian nuclear new build. It has completed the purchase of the 40 per cent stake in the firm – with plans for a power plant at Moorside, near Sellafield – which formerly belonged to French firm ENGIE. Added to the 60 per cent Toshiba already held, the Japanese giant is now the company’s sole owner. This deal was completed for 15.9bn yen (£108.8m) and had to be completed because of legal agreements after Westinghouse Electric, Toshiba’s former nuclear subsidiary, filed for Chapter 11 bankruptcy protection in the USA. Korea Electric Power Corporation (Kepco) confirmed last month that the company was in discussions with Toshiba to buy into NuGen. Jong-hyuck Park, its chief nuclear officer, said at a conference in London: “We will be a long-term partner for the strategic delivery of the Moorside project.” One sticking point in Kepco becoming involved in the Moorside project is thought to be that the Westinghouse AP1000 reactor. Kepco uses a different technology, of its own design and manufacture. This may not pose a challenge now after NuGen announced a “strategic review” of Moorside, which has included a look into what technology is used.
Whitehaven News 26th July 2017 read more »
World Nuclear News 26th July 2017 read more »
A new proposal could lead to a nuclear power plant in the UK that literally shoots rainbows into the sky. UK-based master planning firm, One Creative Environments, submitted a landscape design proposal for Cumbria’s Moorside Power Plant that is equipped with two large glass towers that would use light and mist to create a continual arching rainbow over the site.
Inhabitat 26th July 2017 read more »