Kepco has been stripped of its ‘preferred bidder’ status for the West Cumbrian Moorside project. It has been reported that Toshiba announced the Korean utility has lost the status for the purchase of its firm NuGen and it would look at other options for the £15 billion nuclear new build next to the Sellafield site in West Cumbria. News agency Reuters reported that a Toshiba spokeswoman said: “Toshiba continues to consider additional options including the sale of its shares in NuGen to Kepco, and we are carefully monitoring the situation, in consultation with stakeholders including the UK government.” Last week, it was announced that NuGen wanted to restructure the company because of the “prolonged time” it was taking to seal the deal with Kepco. Around 100 staff and contractor jobs, including that of chief executive Tom Samson, are at risk under the restructuring plans.
Whitehaven News 1st Aug 2018 read more »
Celebrations that Moorside is to be scrapped are on hold. At least until we can be sure that our nuclear obsessed Government are not going to publicly fund this as has happened with ALL other nuclear new build before. The GMB union is agitating.
Radiation Free Lakeland 1st Aug 2018 read more »
Fears that a deal to build a £15bn nuclear power plant in West Cumbria has stalled have prompted urgent calls for the Government to step in. Unions say there needs to be clarity on the future of the Moorside project – and the thousands of jobs it is expected to bring to the county. The Toshiba-owned NuGen consortium is behind plans for Moorside, on land next to Sellafield. Talks were under way for NuGen to be sold to Korean utility firm Kepco, but yesterday Toshiba confirmed that Kepco had been stripped of its preferred bidder status, awarded in December. It says it is considering all options for the sale.
In Cumbria 2nd Aug 2018 read more »
NW Evening News 2nd Aug 2018 read more »
Unite 1st Aug 2018 read more »
New figures show three out of every five jobs in Copeland depend on the nuclear industry. A report by Oxford Economics states that a majority of jobs in west Cumbria are reliant on the presence of Sellafield which is going through the process of decommissioning. And it has been published as the promise of 20,000 new jobs at a new nuclear facility comes under threat. The South Korean power company, Kepco, that was expected to take over the NuGen consortium that runs the Moorside development, has lost its ‘preferred bidder’ status. According to Reuters news agency, current owners Toshiba will now look at other options for the 15 billion pounds nuclear new-build next to Sellafield.
ITV 1st Aug 2018 read more »