Tuesday, December 2, 2014

Cumbria's Moorside nuclear power plant funding plan agreed

From BBC.com

Funding assistance for a new nuclear power plant in Cumbria has been guaranteed by the government.

The Treasury has signed a "co-operation agreement" with developers NuGen, Toshiba and GDF Suez, to help them access a finance scheme for a 3.6GW facility at Moorside near Sellafield.

Three reactors, billed as being able to power up to six million homes, are due to come online in 2024. A final investment decision is due in 2018.

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