Exclusive: NuGen CEO 'certain' Moorside will go ahead

The company behind a planned new multi-billion-pound nuclear power station in Cumbria is "110 per cent certain" it will be built.

The future of Moorside has been thrown into doubt by the financial troubles of Japanese giant Toshiba, which owns NuGen.

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Moorside: Toshiba considering 'sale of shares'

Toshiba is involved in NuGen's strategic review of Moorside. Credit: Rodrigo Reyes Marin/AFLO/Press Association Images

Japanese conglomerate Toshiba is considering selling its shares in NuGen, the company behind a proposed new nuclear power site in Cumbria.

Toshiba is set to take full ownership of NuGen, because of the withdrawal of another company, Engie.

However due to financial difficulties, the firm wants to put nuclear projects outside Japan on hold.

Following an exclusive ITV Border interview with Tom Samson, the CEO of NuGen, Toshiba has released the following statement:

Toshiba and NuGen are undertaking a strategic review of its options towards continuation of the project. We cannot comment on its details.

With regard to Toshiba’s involvement of the project, no details have been decided yet, but we would like to explore alternatives, including sales of the shares, while carefully monitoring the situation, in consultation with other stakeholders including the British government.

– Toshiba spokesperson

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