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Cumbria’s £10bn nuclear new build will not be delivered on schedule,

Whitehaven News 3rd Oct 2017, Cumbria’s £10bn nuclear new build will not be delivered on schedule,
according to the man in charge of the company behind it. Tom Samson, the
chief executive of NuGen, which has plans for a power plant in Moorside,
near Sellafield, has said it will not be up and running by the 2025 target.

He has also said he expects a new investor in the project in the early part
of 2018 and confirmed the company has been speaking to the Government about
possible support. Mr Samson made these comments in an interview with
in-cumbria, where he also said he was “115 per cent” confident the scheme
would go ahead.

Doubts have surrounded the Moorside project – designed to
supply up to seven per cent of the UK’s electricity and create up to 10,000
jobs – all year because of issues affecting NuGen’s owner, Toshiba. Toshiba
has always insisted that it remains committed to the Cumbrian project
though it has long term plans to sell its stake. Korea Electric Power
Corporation (Kepco) and China General Nuclear Power Corporation (CGN) have
both expressed an interest in buying into NuGen.

Both Kepco and CGN have
their own reactor designs, which would need regulatory approval if they
were to be used by NuGen. Mr Samson said: “When we are in a partnership
with different technologies and shareholders it is inevitable that that
would change schedules. We will have a new plan which we will need to
create with any new owner and that will take us beyond 2025. “It is very
difficult to pin down a date but I would expect it will be operational
within the 2020s.” He added that there were several “credibly buyers” but
did not discuss which companies these were but did say: “There is a high
likelihood that there will be a new reactor technology.”

Mr Samson also
said his firm had been in discussions with the Government about how it
might get involved in this project. “There is a need for the Government to
consider how it supports nuclear new build,” he said, adding that the firm
was in “a dialogue of options”. http://www.whitehavennews.co.uk/news/business/Cumbrian-nuclear-plant-set-to-be-delayed-7e908ee6-61d5-487d-9e7f-8397dcb2fa35-ds

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October 6, 2017 - Posted by | politics, UK

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