Advertisement

  1. ITV Report

Toshiba 'reviewing' £10bn nuclear development

An artist's impression of the proposed development. Credit: NuGen

The Japanese company behind a planned £10 billion nuclear development in Cumbria has thrown the future of the project into doubt.

Toshiba has confirmed to ITV Border reporter Hannah McNulty that it is "reviewing the future of nuclear businesses outside Japan".

The company also said it is continuing its nuclear projects in Japan "as one of our social responsibilities."

The news comes following the purchase of American firm CB&I Stone & Webster by Westinghouse, Toshiba's US subsidiary - a deal which Toshiba says could cost it billions of dollars.

Toshiba has a 60 percent stake in NuGen, the company behind plans for the £10 billion Moorside nuclear development in West Cumbria.

It's hoped the project could bring 21,000 new jobs to the region.

A Toshiba spokesman told ITV Border:

At this moment, we can only say that we are reviewing the future of our nuclear power business outside Japan, but nothing has been decided at this time, including the impact on our Moorside nuclear project.

– Toshiba spokesman