Toshiba to take steps to wind up NuGen
Today, Toshiba reported to the Tokyo stock exchange that it was winding up NuGEN, and thus ending the Moorside project. It would seem that they are writing off the costs that they have incurred.
They had indicated to us that this would happen, if there was no reasonable chance of selling up by the end of this year. It will just be necessary to tidy up the site over a 3 month period.
At the outset, 10 years ago, the Parish Council supported the project, judging that the majority of villagers felt that way; many had contacts with the nuclear industry.
However, there had been a steady trickle of people saying that they no longer supported the company, particularly as it had not made anything available to deal with 4 major concerns expressed locally.
Toshiba Press Release