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NuGen’s Moorside nuclear project in limbo – unstable and unsustainable.

CORE 17th May 2017, Plans to build the £2.8Bn power transmission line connecting NuGen’s delayed Moorside project have been put on hold by National Grid so that it can align its plans with those of developer NuGen which have already been put on-hold.

NuGen has been forced to undertake a ‘strategic review of options’ following the financial meltdown of Moorside’s sole investor Toshiba and the bankruptcy of its subsidiary Westinghouse who was to supply the AP1000 reactors for the project.

Another casualty of NuGen’s faltering progress are the 1200 respondents to its Stage 2 public consultation which finished at the end of July 2016. Today, almost 10 months later, the consultation feedback report promised by NuGen for ‘Autumn 2016’ has still not materialised and neither has NuGen indicated that it will hold the further consultation called for by CORE, local authorities and others to make up for the lack of detailed information provided in the Stage 2 consultation documents.

These failures, in tandem with NuGen’s current Strategic Review of options, designed ‘to provide a more robust, stable and sustainable platform to meet its commitment to deliver the next generation of nuclear power’ has left those respondents not only in a NuGen no-man’s land but also questioning the merit of having already spent time and effort on responding to a project that now appears not only less than robust but also unstable and unsustainable. ..  http://corecumbria.co.uk/briefings/nugens-investment-turmoil-sparks-pylon-delay-for-moorside-new-build/

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May 19, 2017 - Posted by | business and costs, UK

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