The venture behind the proposed Moorside nuclear power station in Cumbria says it is reviewing the project.
The 3.8GW Moorside nuclear power plant is set to cost roughly £15bn and house three reactors, providing 7% of the UK’s energy. A planning application had been due early this year but was pushed back in December 2016, and a new date has not been set.
Nugen is a joint venture developing the project, with 40% made up of Engie and 60% held by partner Toshiba.
Engie announced last month is forcing partner Toshiba to buy its 40% stake in NuGen, citing “significant challenges” facing the JV as the reason for pulling out. Moorside’s reactor designer Westinghouse, owned by Toshiba, filed for US bankruptcy protection earlier this year, although Toshiba stressed its European operations would not be affected.
“NuGen is undertaking a strategic review of its options following shareholder and vendor challenges,” a statement said from Nugen today.
“NuGen is confident that the review will lead them to an outcome that provides a more robust, stable and sustainable platform to meet its commitment to deliver the next generation of nuclear baseload for the UK.
“NuGen remains a key player within the UK nuclear industry, has a vital role to play within the UK Industrial Strategy, and the Moorside Project remains a key infrastructure project focused on creating employment and economic prosperity in Cumbria and across the north.”