Dutch shelve plans for second nuclear plant

Dutch utility Delta NV has announced that it has shelved its plan to build a second nuclear plant in the Netherlands, in the latest example of waning appetite for atomic power in Europe.

The Wall Street Journal speculates that it is the latest example of a waning appetite for atomic power in Europe.

Delta NV, which aimed to build the plant together with Germany's RWE AG (RWE.XE), said the current market climate makes it no longer viable to move ahead with the project and that it will shelve its plans for two to three years.

Former Director Peter Boerma, a fierce advocate of nuclear power, resigned last month when the company decided to postpone its application for a government licence.

On Monday, Delta announced that plans for another nuclear power plant would have to be shelved due to overcapacity in the electricity market in combination with low energy prices.

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