Firm behind Moorside nuclear plant to be wound up in New Year

By Will Ing2018-11-08T11:45:00

Proposal for power station in ruins as NuGen is scrapped by owners Toshiba

Plans to build a nuclear power station in Moorside have been scuppered as the company previously set to build and invest in the plant, NuGen, will be wound up in the New Year.

Toshiba spent 18 months trying to flog NuGen but failed to find a firm willing to invest in the nuclear project.

Now Toshiba has decided to call it quits. In a statement, the firm said: “Toshiba recognises that the economically rational decision is to withdraw from the UK nuclear power plant construction project and has resolved to take steps to wind-up NuGen”.

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