Proposed second new UK nuclear plant delayed
16 May 2016
Recent consultation documents published by planned developer NuGen show that the new nuclear plant to be built at Moorside in Cumbria will not be online until the end of 2025, two years later than initially forecast, according to a report in the Daily Telegraph. The company said it had reassessed the schedule for construction after learning more about the delivery of the project.
Artist's impression of Moorside nuclear plant - Image: Nugen
NuGen, a joint subsidiary of Japan’s Toshiba and France’s Engie, is planning to build three reactors with a combined capacity of up to 3.8 gigawatts at the site near Sellafield. Toshiba plans to use reactors developed by its subsidiary Westinghouse at Moorside.
Site preparation work continues on the site and the company plans to secure a nuclear site licence in 2018, with a final investment decision taken by the end of 2018.
Earlier, a report in the Sunday Times said that Toshiba and Engie – formerly GDF Suez – are finding raising the £10bn needed to fund Moorside “a challenge” and have approached Korea Electric Power Corporation (Kepco) and others as potential investors in the project.
EDF’s proposed new nuclear plant at Hinkley Point in Somerset has been repeatedly delayed, with a final investment decision there reportedly to taken in September.