15/01/2014 01:59 PM
Westinghouse is set to revive nuclear plans in Cumbria.
The engineering group wants to build three nuclear reactors close to the Sellafield site in Cumbria and confirmed on Tuesday (January 14th) that it had purchased a controlling stake in the NuGen project to build the power station. The venture originally involved Spain's Iberdrola and France's GDF Suez but Toshiba, owner of Westinghouse, bought out Iberdrola in December and an extra ten per cent interest from GDF.
These transactions has given Westinghouse the opportunity to begin work on the 3.5GW power station. Officials explained that the agreement laid out states the development of three Westinghouse AP1000 nuclear reactors to be built at the Moorside site.
While it will provide a significant boost to the companies involved it also expected to trigger stimulus for the local, regional and national economies. Officials added that it will generate thousands of skilled jobs over the next ten years.
Danny Roderick, Westinghouse president and chief executive officer, said: "This is another example of the strong commitment of Toshiba and Westinghouse to serve the global nuclear energy industry and enable countries and regions of the world to achieve their carbon-reduction goals.
"We look forward to a long and mutually beneficial relationship with the owners of NuGen, as well as nuclear suppliers in Cumbria and throughout the UK.”
Work is expected to take a number of years to complete with the first unit not ready to be online until 2024. Westinghouse noted when the site is running at full capacity it will be able to deliver seven per cent of the UK's electricity.
The government has been keen to take advantage of nuclear power with ministers giving the green light in October to a new nuclear station. EDF Energy will lead a consortium that will bring the Hinkley Point C plant, in Somerset, to fruition.
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The engineering group wants to build three nuclear reactors close to the Sellafield site in Cumbria and confirmed on Tuesday (January 14th) that it had purchased a controlling stake in the NuGen project to build the power station. The venture originally involved Spain's Iberdrola and France's GDF Suez but Toshiba, owner of Westinghouse, bought out Iberdrola in December and an extra ten per cent interest from GDF.
These transactions has given Westinghouse the opportunity to begin work on the 3.5GW power station. Officials explained that the agreement laid out states the development of three Westinghouse AP1000 nuclear reactors to be built at the Moorside site.
While it will provide a significant boost to the companies involved it also expected to trigger stimulus for the local, regional and national economies. Officials added that it will generate thousands of skilled jobs over the next ten years.
Danny Roderick, Westinghouse president and chief executive officer, said: "This is another example of the strong commitment of Toshiba and Westinghouse to serve the global nuclear energy industry and enable countries and regions of the world to achieve their carbon-reduction goals.
"We look forward to a long and mutually beneficial relationship with the owners of NuGen, as well as nuclear suppliers in Cumbria and throughout the UK.”
Work is expected to take a number of years to complete with the first unit not ready to be online until 2024. Westinghouse noted when the site is running at full capacity it will be able to deliver seven per cent of the UK's electricity.
The government has been keen to take advantage of nuclear power with ministers giving the green light in October to a new nuclear station. EDF Energy will lead a consortium that will bring the Hinkley Point C plant, in Somerset, to fruition.
Contact us for a security fencing quote.
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