Nuclear options meltdown as Japanese pull out

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Toshiba’s decision to axe plans for a new power station at Moorside in Cumbria leaves ministers in a dilemma over the future direction of nuclear policy Toshiba’s decision to axe plans for a new power station at Moorside in Cumbria leaves ministers in a dilemma over the future direction of nuclear policyPA

When the government gave the green light to the Hinkley Point C plant two years ago, the business secretary hailed the decision as the start of “a new era of UK nuclear power”.

The station in Somerset, Greg Clark said, was “the first of a wave of new nuclear plants”. Five more were proposed around the country. Yesterday, however, one of those fell by the wayside as Toshiba announced that it was scrapping a venture to build a plant at Moorside in Cumbria.

The Japanese conglomerate is in financial crisis and had been seeking to sell the project. In the absence of a buyer, the company took what it described as the “economically rational” decision to shut down the venture, which is called Nugen.

The…

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  • Energy
  • Conservative Party
  • Politics
  • UK politics