The Prime Minister Theresa May has dismissed the uncertainty around the £15 billion Moorside nuclear power station development as a “commercial issue”. In an interview with ITV Border at the Conservative Party Conference in Birmingham, Mrs May repeatedly said the future of the project was between the companies involved in the ownership of NuGen, the developer behind the economy-boosting project. Mrs May said the Government was “monitoring” the situation and stressed its support for the nuclear sector. The future of Moorside is hanging in the balance as current owners Toshiba look to off-load NuGen to a new investor by the end of the financial year. Korean state-owned utility Kepco and Canadian-headquartered asset management company Brookfield are in the frame to take ownership of the company. When asked if she was confident Moorside would be built, Mrs May said: “The issue of Moorside is a matter for commercial discussion between the companies involved.
In Cumbria 2nd Oct 2018 read more »