Bringing lenders into UK nuclear
NuGeneration's project to build a nuclear power plant of up to 3.8 GWe gross capacity at Moorside in West Cumbria will be the first opportunity for lenders to enter the UK's nuclear power program, CEO Tom Samson told World Nuclear News in an interview.
Samson spoke on the side of the conference Nuclear Energy's Role in the 21st Century: Addressing the Challenge of Financing that was held in Paris last week. The event was jointly organised by the OECD Nuclear Energy Agency and the International Framework for Nuclear Energy Cooperation.
A joint venture between Toshiba and Engie, NuGen says it combines the strengths of its two globally-recognised parent companies, with proven operating and engineering experience, and AP1000 nuclear reactor technology provided by Westinghouse Electric Company, a group company of Toshiba. Sanmen 1 in China's Zhejiang province is expected to be the first AP1000 to begin operating. Four AP1000 reactors are being built in the USA - two each at Vogtle and Summer - while three AP1000s are also proposed for the Moorside site.