Toshiba pulls out of UK nuclear power venture

It has decided to wind up its nuclear arm, NuGeneration, which planned to build the Moorside project

Company behind new Cumbrian nuclear plant confirms job cuts

Toshiba-owned NuGen’s 100-plus team will be reduced to less than 40

NuGen boss says Cumbrian nuclear plant will be delayed

The head of NuGen has said the development of the proposed nuclear power station in Cumbria will be delayed. The firm initially expected electricity generation to begin by 2025. However, Chief Executive Tom Samson said: “Clearly, there will be a shift in the start date from 2025 to later in the 2020s but the plant […]

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 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 […]

National Grid puts Moorside nuclear transmission line on hold

National Grid has halted development consent for the transmission line connecting a new proposed nuclear power station at Moorside. A spokesperson told ELN it has paused the approval process for the £2.8 billion connection project following developer NuGen’s decision to carry out a “strategic review”. A total of 21 companies in the area applied to […]

Is Toshiba putting Cumbrian nuclear plant on hold?

Toshiba is reportedly preparing to put its nuclear power plant in Cumbria on hold. Reports claim its joint venture NuGen, which is developing the project, has warned suppliers it will have to cut spending due to its Japanese owner’s financial issues. Earlier this year it insisted Toshiba “remains committed” to the project, which is expected […]

UK regulators approve Westinghouse nuclear reactor

A reactor designed by Toshiba’s nuclear unit has been approved by UK regulators. The Office for Nuclear Regulation (ONR), the Environment Agency (EA) and Natural Resources Wales (NRW) said they are satisfied the reactor meets expectations on safety, security and environmental protection. The approval is needed before Westinghouse can use the reactor at NuGeneration’s (NuGen) […]

Toshiba ‘committed’ to Cumbrian nuclear project

The company building a new nuclear power plant in Cumbria said Toshiba “remains committed” to the project. NuGen is to continue to progress plans to develop the 3.8GW power station at Moorside, near Sellafield, which would provide 7% of the UK’s electricity needs. Toshiba has a 60% share in NuGen, a joint venture with France’s […]

Toshiba chairman quits after £2.7bn nuclear loss

The chairman of Toshiba has resigned from his post after the Japanese company reported a net loss of ¥390 billion (£2.7bn) in the year to March 2017. The losses are said to be linked to a deal done by its US subsidiary Westinghouse Electric, when it bought a nuclear construction and services business from Chicago […]

UK nuclear sector welcomes Hinkley

The UK’s nuclear sector has widely welcomed the final go-ahead for Hinkley. Tom Samson, CEO at NuGen told ELN: “We are glad that Hinkley is now going to progress forward, it paves a way for the nuclear new building horizons in the UK, within NuGen is a part. I think it helps demonstrate that this […]