Toshiba to take 60% share in NuGen Moorside Project in the
UK
Toshiba Corporation (TOKYO: 6502) today announced that it
has reached agreements with GDF SUEZ of France and Iberdrola of Spain to take a
60% stake in NuGeneration Limited, the
UK-based nuclear energy company which plans to develop nuclear power plants at
the Moorside site in West Cumbria, Northwest England.
As the majority owner of NuGen, Toshiba, in collaboration
with its group company, Westinghouse Electric Company, intends to move forward
with the construction of three AP1000 nuclear reactors on the Moorside site, in
partnership with GDF SUEZ, a leading European nuclear operator.