Japanese firm pulls plug on £15bn nuclear project in Cumbria 

Posted: November 8, 2018 by oldbrew in Energy, News, Nuclear power
Tags: ,

Proposed nuclear plant at Moorside [credit: in-cumbria.com]


This puts a large dent in UK electricity generation policy, which expects nuclear energy to supply a significant percentage of its ’emissions-free’ power alongside that from unpredictable part-time renewables like wind and solar.

The announcement is a major blow for the region, says TheBusinessDesk.com.

Japanese firm Toshiba has announced it is to pull the plug on the company set up to build a new £15bn nuclear power station in Cumbria.

The tech giant has announced it is winding up Manchester based NuGen, its UK-based nuclear arm, after efforts to sell the business failed.

The announcement is a serious blow to the UK’s nuclear sector and has left plans to build a new power station in Cumbria in serious doubt.

NuGen, which employs 40 staff, was behind the development of the Moorside nuclear power station project close to Sellafield.

The project would have created thousands of jobs during the construction phase and pumped billions into the region’s economy.

The company made the announcement to the Japanese Stock Exchange.

A statement issued by the firm said: “On November 8, 2018, Toshiba announced its intention to withdraw from the nuclear power plant construction project in the UK, NuGeneration Limited (NuGen) and to take steps to wind-up the business.

“The announcement comes after 18 months of negotiations with a range of potential new owners.

“Unfortunately, it has not been possible to successfully conclude those negotiations. NuGen has retained a team to support the implementation of a winding-up process and will work with Toshiba and its other stakeholders.

“Whilst NuGen will not be taking the project forward, the Moorside site in Cumbria remains a site designated by Government for nuclear new build, and it is now for the Nuclear Decommissioning Authority as the owner of the site and the Government to determine its future.

Continued here.

Comments
  1. saighdear says:

    Oh ?

    What else can I say? Know nothing about it whatsoever – nuthin oan e wireliss ziss moarnin ! Ah’l ask e fermer oar e fence f e kens aboot it!

    Ach mair fake noos !

  2. saighdear says:

    Correction – been on bbc newsroom@11.20am …. now a’body kens aboot it! – mist a’ red ma coamint , eh?

  3. A C Osborn says:

    Government Energy Policy falling apart, as predicted.
    The blackouts or brownouts are coming.

  4. cognog2 says:

    An inevitable result of past nuclear energy policy driven by the Greenblob lobbyists, bereft of intelligence.

  5. oldbrew says:

    The answer staring them in the face must be more gas-fired power stations. No ultra-complex technology to grapple with, relatively quick and easy to build.

  6. Dave Ward says:

    “The answer staring them in the face must be more gas-fired power stations”

    Except we already rely on imports for most of our gas supplies, and there is no guarantee that we won’t run critically low in the coming winter(s). I can’t see UK fracking ever becoming the success it is in the US – the Green Blob will see to that…

  7. MrGrimNasty says:

    Don’t forget it was Gordon Brown who flogged off out Nuclear industry and left us up the creek.

    If/when the lights start going out I expect there will be a government/CCC/MSM volt-face. An expose on how the risks of fracking were exaggerated, how the Russians ran a disinformation campaign to keep the west reliant on their gas, how gas is the best medium term solution to reducing CO2 emissions etc. etc. Reality bites (eventually).

  8. oldbrew says:

    Suppliers of diesel generators must be licking their lips.

  9. Ve2 says:

    There is always coal.

  10. Graeme No.3 says:

    Ve2:
    Don’t you know that burning coal is evil. You must first convert it into diesel fuel then burn it.
    After all, diesel is approved for use in England (STOR scheme), South Australia and Victoria, all of which have introduced large amounts since they got keen on reducing emissions.

  11. tallbloke says:

  12. oldbrew says:

    They’re all backing off..

    RWE freezes 2.5GW UK gas and energy storage project
    8 November 2018

    The German utility said the decision was made ‘based on current market conditions and project costs’

    It had planned to develop a combined cycle gas turbine (CCGT) power station, a 100MW of energy storage facility and a 300MW peaking gas plant designed to run during times of high demand.

    https://www.energylivenews.com/2018/11/08/rwe-freezes-2-5gw-uk-gas-and-energy-storage-project/

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