Cumbria’s Moorside nuclear new-build is likely to be thrown a multi-billion pound Korean lifeline this week. It is expected that an announcement will be made this week by Korea Electric Power Corporation (Kepco) to say it is joining the consortium behind Europe’s largest new nuclear plant. That agreement will begin the process of securing final approvals from nuclear regulators before a final decision is made early next year. The Telegraph has reported that alongside the Korean announcement, Greg Clark, Secretary of State for Business, will reveal a number of government pledges for the nuclear industry. Mr Clark held talks with South Korea’s trade minister last month and they signed a memorandum of understanding.
Whitehaven News 4th Dec 2017 read more »