Plans for new Cumbria nuclear power station on verge of collapse

Toshiba's plan to sell plant in disarray over government's 'risky' financing planPlans for a new nuclear power station in Cumbria are on the verge of collapsing after the Toshiba-owned company behind it laid off 60% of its workforce and embarked on a final effort to sell the project.Toshiba was due to sell the NuGen consortium to South Korea state-owned firm Kecpo in early 2018, as the Japanese firm exits international nuclear projects and looks to recoup some of the ?400m it has spent on the Moorside plant. Continue reading...