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GMB Says Chinese Bid Is Not the Solution to Moorside Nuclear Plant in Cumbria and Suggests the Lessons of the Toshiba Collapse Have Not Been Learned

Thursday, September 21, 2017

 

Most members of the public will be looking on in continued bewilderment at the financing pantomime surrounding Moorside and asking why on earth the UK government hasn’t stepped in says GMB.

GMB, the energy union, says a bid by Chinese nuclear company CGN for a stake in Moorside is not the solution to the problems of the planned new nuclear power station at Moorside in Cumbria which is set to have been delivering 7% of the UK’s electricity needs from 2025.

State backed China General Nuclear (CGN), confirmed yesterday that it is in the running to shore up the £10billion project in exchange for an equity share. [1]

The Moorside project has been beset by a number of setbacks in recent months beginning with Toshiba’s US arm Westinghouse, which is producing reactors for Moorside, going bust [2] which led to Toshiba chairman Shigenori Shiga stepping down [3] and French investors Engie walking away from the deal. [4] 

Justin Bowden, GMB National Secretary, said:

"The latest offer of overseas “aid” to the stuttering Moorside project, this time by the Chinese government, suggests the lessons of Toshiba have still to be learned.

“Britain vitally needs a new fleet of nuclear power stations to replace the existing ageing fleet and ensure we have zero carbon electricity that is not reliant on the sun shining or the wind blowing.

"Moorside is an integral part of guaranteeing the UK’s future domestic and industry energy needs into the next decade and beyond.

“Keeping the lights on and powering our industries is a state function and this makes the UK government the lender of last resort.

"Most members of the public will be looking on in continued bewilderment at the financing pantomime surrounding Moorside and asking why on earth the UK government hasn’t stepped in rather than touting around the world looking for another government to take over a responsibility that ultimately rests with it?

“The UK civil nuclear industry was once the envy of the world; going cap in hand to the Chinese, Koreans or whoever is not the solution when Moorside and new nuclear should be a key cornerstone of government-led UK industrial strategy going forward.

"The UK government cannot keep pretending to be a passive spectator.”

ENDS

Contact: Justin Bowden on 07710 631351 or GMB press office on 07958 156846 or at press.office@gmb.org.uk

Notes to editors:

[1] http://www.telegraph.co.uk/business/2017/09/19/china-mulls-moorside-nuclear-rescue-deal-deepen-roots-uk-plants/

[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 

[3] 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 

[4] '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.

Read more: http://www.gmb.org.uk/newsroom/huge-concern-moorside 

Previous press releases:

Delayed Toshiba Accounts Show Govt Must Act On Moorside

Thursday, August 10, 2017

The chaos at Toshiba must shake government out of its stupor of inertia and act to ensure the zero carbon electricity we vitally need is produced at Moorside says GMB.

Read more: http://www.gmb.org.uk/newsroom/toshiba-account-losses

'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

'Monumental Moorside Cock Up'

Wednesday, April 12, 2017

What the hell is the UK Government to take control of the situation says union.

Read more: http://www.gmb.org.uk/newsroom/moorside-cock-up

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