China’s CGN eyes second nuclear power deal in UK

A Chinese nuclear energy developer is exploring a bid to invest in a nuclear power station under construction in Cumbria. CGN, which already owns a large stake in the Hinkley […]

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By Jonny Bairstow

A Chinese nuclear energy developer is exploring a bid to invest in a nuclear power station under construction in Cumbria.

CGN, which already owns a large stake in the Hinkley Point C facility, hopes to buy an equity stake in Toshiba’s 3.4GW NuGen Moorside project.

A CGN spokesperson said: “CGN has accepted the invitation to bid for an equity stake in NuGen.

“We are willing to utilise our more than 30 years’ experience in nuclear design, construction and operation to support the development of Britain’s nuclear industry.”

Original developer of the reactors for the Moorside project and Toshiba subsidiary, Westinghouse, filed for bankruptcy earlier this year, following cost overruns in the US.