13th January 2014
Westinghouse takes majority share in NuGen ‘Huge step forward for nuclear new build at Moorside’ – Jamie Reed
Copeland MP Jamie Reed has reacted to business reports detailing the news that Toshiba/Westinghouse has become the majority shareholder in NuGen – the company intending to build three new nuclear reactors at the Moorside site in West Cumbria.
“This is extremely welcome and exciting news. This deal represents a huge step forward for nuclear new build at Moorside. Toshiba/Westinghouse is precisely the kind of powerhouse we need to accelerate the new build project. This deal means that a reactor design type has all but been selected and that this will be the AP-1000.
“This benefits us in a number of ways. West Cumbria is now in a position whereby we could become the European beach-head for Toshiba/Westinghouse and this means that success of the Moorside project is of mutual importance to the community and the companies involved. This kind of ‘skin in the game’ is precisely what we need and what local partners have repeatedly called for and should form the basis of a truly rewarding partnership.
“This deal should act as a real confidence boost for West Cumbria. Many of us have been working for almost two years to pull this off and now that we have clarity we can have much greater certainty in the Moorside development and continue to deliver the Energy Coast economic plan. This has been a long time coming, but we’re moving in the right direction.”