The future of Cumbria’s Moorside Nuclear Power station is in doubt after all UK employees were put on notice of redundancy.
About 100 roles are under consultation at the NuGen project after plans to sell the firm were delayed, in the latest setback after Japanese developer Toshiba’s nuclear division Westinghouse went bankrupt in March last year.
French company Engie pulled out of the joint venture a month later due to “significant challenges” facing the JV.
Korea Electric Power Corp was selected as preferred bidder for Toshiba’s shares in the project last year but the sale, which was expected to be completed by this April, has been hit by delays and has prompted a review.
A NuGen spokesperson said: “Toshiba has pursued a sale of NuGen to KEPCO and the prolonged time it has taken reach a conclusion has required NuGen to undertake a review.
“As such, additional options are being pursued for NuGen’s future direction to deliver the next generation of nuclear new build in the UK.
“It has been decided by the NuGen board to re-profile the organisation at this point in order to pursue alternatives.
“The NuGen team will take the opportunity to examine how it will best proceed with its continuing mission to deliver affordable and reliable low-carbon electricity for the UK.
“NuGen understands and appreciates the level of interest in the Project and will provide clarity to its stakeholders at the appropriate time.”
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