The firm supplying three reactors for a plant in Cumbria looks set to file for bankruptcy in the US – throwing Britain’s energy policy into doubt. US nuclear firm Westinghouse Electric is considering the move as its owner Toshiba struggles with huge financial problems. Westinghouse is designing three reactors for a planned nuclear power plant in Moorside, Cumbria, 60 per cent owned by Toshiba. The £10billion NuGen plant will eventually power up to six million homes as a key part of the Government’s energy strategy.
This is Money 11th March 2017 read more »