Cumbria nuclear power plant hopes hit by pull-out
Last updated at 12:42, Monday, 01 October 2012
The prospect of a new power plant in Cumbria has taken a hit after a consortium member pulled out of a multi-billion-pound deal.
Iberdrola, a Spanish energy company which owns Scottish power, made the decision to pull out of the deal to build atomic reactors in Britain.
As recently as March, NuGen, a company owned by Iberdrola, said it was 100 per cent committed to its west Cumbrian project, which is named Moorside.
The project aims to develop 3.6GW of new nuclear power at a site in west Cumbria.
The new generation power reactor is seen by many as a critical part of boosting Cumbria’s economy.
The project takes its name from a tenanted farm named Greenmoorside, which is on Sellafield’s land.
First published at 11:26, Monday, 01 October 2012
Published by http://www.newsandstar.co.uk
Note to Steven and others:the main voice linking new nuclear build with a waste store, as reported in N+S, is Sir David King, Chief Scientific Advisor to UK Gov 2000-2009. King also said "Don't second guess the science . . do the Search" Makes sense.
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These power plants should have been started years ago....
Government after government are messing about while our energy prices are being totally manipulated.There has to be an energy policy and it should be set in stone so governments cant mess with it.We are being short changed by our decision makers.No doubt these firms that are pulling out want better returns on investment, IMO we should build run and decommission the plants ourselves and use them to keep the energy prices reasonable.Rather than let more money be dragged out of the country by foreign investors.Posted by John on 2 October 2012 at 21:17