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'Huge Concern' As Moorside Investor Walks Away

Wednesday, April 5, 2017

‘There is too much at stake for project not to go ahead’ says union.

GMB, the union for nuclear workers, has voiced ‘huge concern’ as a major investor walked away from the Moorside nuclear reactor project.

French firm Engie, backing the £10billion build with Toshiba, pulled the plug on the deal yesterday.

The Moorside project had already been thrown into turmoil when Toshiba announced multi-billion dollar losses, causing chairman Shigenori Shiga to step down. [1]

Then last week Toshiba’s US arm Westinghouse, which is producing reactors for Moorside, went bankrupt. [2]

The Moorside power station is set to be built in Cumbria and deliver seven per cent of the UK’s electricity from 2025.

Chris Jukes, GMB senior organiser, said:

“This is hugely concerning. 

“We need urgent clarity from the Government, clarity from NuGen [the company behind the project] and some firm announcements about the plant’s future.

“In post-Brexit Britain we have the perfect opportunity to provide our own energy supply.

“But we have one French company exiting the project and one in the Far East having financial problems.

“It makes you wonder if this project is going to go ahead.

“It has to. There’s too much at stake."

ENDS

Contact: GMB Press Office on 07958 156846 or at press.office@gmb.org.uk

Notes to editors:

[1] Toshiba Resignation Must Not Jeopardise Moorside

Tuesday, February 14, 2017

Fiasco shows exactly why relying on foreign companies for energy needs ‘plain stupid“

Read more: http://www.gmb.org.uk/newsroom/toshiba-resignation-fears

[2] GMB Demands Moorside Reassurance as Westinghouse Goes Bust

Wednesday, March 29, 2017

It’s vital project is given certainty in wake of Westinghouse bankruptcy says union

Read more: http://www.gmb.org.uk/newsroom/westinghouse-goes-bust

Previous press releases:

'Keep Moorside on Track'

Thursday, February 2, 2017

Relying on foreign money to build our infrastructure is always fraught with risks says GMB

Read more: http://www.gmb.org.uk/newsroom/keep-moorside-track

GMB Demands Clarity over Moorside

Tuesday, February 14, 2017

Union says this is why foreign investors shouldn't be left to keep Britain's lights on

Read more: http://www.gmb.org.uk/newsroom/clarity-over-moorside
 

 

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