Plans for a new 3,400-MW nuclear plant in the U.K. collapsed on Nov. 8 when Toshiba Corp., the project's owner, quit the deal. Powered by three Westinghouse AP1000 reactors, the Moorside plant, near Sellafield in Cumbria, would have been the U.K.’s largest new nuclear installation.
Toshiba says it pulled the plug on Moorside after failing to find new investors in the project company NuGeneration Ltd. Toshiba became NuGen’s sole owner last year after it was contractually required to buy the 40% held by French-owned Engie S.A. The acquisition followed the filing for Chapter 11 court protection by Toshiba subsidiary Westinghouse Electric Co. in the U.S.