“UK nuclear power station plans scrapped as Toshiba pulls out”

Makes you wonder what’s going to happen at our LEP’s favourite (highly vested interest for many board members) project – Hinkley C.

“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. …

The only new nuclear power station to get the go-ahead so far is EDF Energy’s Hinkley Point C in Somerset, which started construction in 2016 and is expected to be operational between 2025 and 2027. As well as EDF, Chinese and Japanese firms hope to build further nuclear plants in the UK. …”

https://www.theguardian.com/environment/2018/nov/08/toshiba-uk-nuclear-power-plant-project-nu-gen-cumbria