Korean energy firm to rescue UK's Moorside nuclear power project

State-owned Kepco expected to be revealed as preferred bidder to build reactors in CumbriaA state-owned South Korean energy firm will be confirmed this week as the white knight for a troubled nuclear power station planned in north-west England, in a significant boost for the UK government's nuclear ambitions.Kepco will be declared the preferred bidder for the NuGeneration consortium, which looked doomed earlier this year after the Japanese owner Toshiba was hit by writedowns and the eventual bankruptcy of its US nuclear subsidiary. Continue reading...