Toshiba signs up to majority stake in UK NuGen

Toshiba is to acquire a 60 per cent stake in the NuGeneration Limited's (NuGen) Moorside project in West Cumbria, northwest England.

NuGeneration is a nuclear joint venture between GDF Suez and Iberdrola.

The deal means Westinghouse Electric, a unit of Toshiba, will supply three AP1000 nuclear reactors to the facility. The three reactors will provide a total capacity of 3.4GW, when fully operational, amounting to 7 per cent of the UK’s electricity requirements.
AP1000 reactor
The first unit is expected to be online in 2024, helping to support the UK government's low carbon and energy security objectives at a time when current power plants are retiring and low-carbon generation is required to fulfill national and international commitments.

The fuel for the new AP1000 reactors is scheduled to be manufactured by Westinghouse Springfields, a UK-licensed fuel manufacturing facility near Preston in Northwest England.

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