Japanese conglomerate Toshiba has announced that it was considering "participating in the (Moorside) project without taking on any risk from carrying out actual construction work". In late January 2017, the group decided to review its nuclear construction business outside Japan, to focus on maintenance, repairs and decommissioning of reactors.
Toshiba owns a 60% interest in NuGen, the joint venture with Engie (40%) in charge of developing three AP1000 reactors of 1,200 MW each in Moorside, in West Cumbria (United Kingdom). The final investment decision could be made by the end of 2018 and the first of the three AP1000 reactors is expected to enter into service by 2025.
Toshiba's new strategic orientation questions the development of the project. Toshiba and Engie are looking for partners to share the investment risks. NuGen has confirmed its commitment to developing the Moorside project.
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