The consortium of GDF SUEZ (37.5%), Iberdrola (37.5%) and Scottish and Southern Energy (SSE) (25%) created a joint venture company, NuGeneration Ltd, to develop nuclear capacities in the UK. NuGen aims to develop a new generation nuclear power station of up to 3.6 GW on land in West Cumbria, north west England, for which it secured an option in October 2009. The UK government confirmed through its draft National Policy Statement, that NuGen’s site was suitable for a new nuclear power station. The consortium intends to prepare detailed plans for developing the site, which will be submitted for consideration by the relevant planning authorities with the aim of a final investment decision being taken around 2015. These plans will be prepared in full consultation with the safety authorities and local stakeholders. On this basis, the expectation is that any new power station would be commissioned around 2023.
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