General

Toshiba to pull out of UK nuclear power project


Firm’s nuclear arm to wind up next year and scrap Cumbria plant leaving big hole in UK energy plans

Plans for a new nuclear power station in Cumbria have been scrapped after the Japanese conglomerate Toshiba announced it was winding up the UK unit behind the project.

Toshiba said it would take a 18.8bn Japanese yen (£125m) hit from closing its NuGeneration subsidiary, which had already been cut to a skeleton staff, after it failed to find a buyer for the scheme.

Continue reading…



Source link

Leave a Reply