Agreement for Toshiba to take a 60% stake in NuGen
Statement in response to the agreement for Toshiba to take a 60% stake in NuGen, the UK-based nuclear energy company which plans to develop a new generation nuclear power station at the Moorside site in West Cumbria.
Rt Hon Brian Wilson, Chairman of Britain’s Energy Coast, said: “This announcement is extremely welcome. Following months of speculation, we hope this new partnership will provide fresh impetus to the Moorside project. New build is crucial to the future of the local economy and is a key to West Cumbria’s ambition to be a centre of nuclear excellence for Britain. We now look forward to supporting them as much as we can to ensure this multi-billion pound project, which will create thousands of construction jobs in addition to the thousand or so skilled operating jobs once completed, has a lasting and positive impact on local businesses and communities.”
