GDF and Iberdrola pick up SSE stake in NuGen

GDF Suez and Iberdrola say confidence in their co-operative nuclear project, NuGen, hasn’t altered since SSE announced they would sell their stake. The consortium has gone ahead with applying for […]

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By Tom Gibson

GDF Suez and Iberdrola say confidence in their co-operative nuclear project, NuGen, hasn’t altered since SSE announced they would sell their stake. The consortium has gone ahead with applying for planning permission for preliminary site work, due to start before the end of the year.

NuGen aims to develop a new, 3.6GW nuclear power station, near Sellafield in West Cumbria and the company will have to make a multi-billion pound investment decision around 2015. SSE say they are now focussing on renewable energy.

GDF said in a company statement: “There is no reason why this decision by SSE should impact upon our plans or timetable. As scheduled, the final investment decision should take place around 2015 with commercial operation of a new nuclear power station expected by 2023.”

The partners own and operate almost 10,000MW of nuclear capacity across Spain and Belgium.

Other NuGen stories:

SSE sounds retreat on nuclear plans

New UK nuclear player now up and running