The company behind the planned £15 billion Moorside nuclear power station is restructuring – but pledged its commitment to the West Cumbrian project. Around 100 staff and contractor jobs, including that of chief executive Tom Samson, are at risk under the restructuring plans. NuGen said it was looking to “reprofile” the company as part of a review. It said the “prolonged time” it had taken to seal the deal with Korean utility Kepco meant it needed to undertake the strategic review to determine how best to proceed with Moorside, which is set to be built on land next to Sellafield. Earlier this year, a Kepco official was quoted by a Korean news agency that the deal for NuGen was expected to be completed by September. A NuGen spokesman said: “Toshiba has pursued a sale of NuGen to Kepco and the prolonged time it has taken reach a conclusion has required NuGen to undertake a review. Since talks between Toshiba and Kepco got underway in earnest, Government policy on support for nuclear new build has appeared to shift after Business and Energy Secretary Greg Clark said it would weigh up putting money in to the Horizon nuclear project at Wylfa Newydd, Anglesey, alongside developer Hitachi.
Whitehaven News 26th July 2018 read more »
