NuGeneration

NuGeneration
NuGeneration Limited
Industry Nuclear
Founded 2009
Headquarters West Cumbria, UK
Products Electricity
Website nugeneration.com

NuGeneration (NuGen) is a company with plans to build a new nuclear power station on the Sellafield site in the United Kingdom.

NuGen was establised in February 2009 as a joint venture between GDF Suez, Iberdrola and Scottish and Southern Energy (SSE). The initial holdings in NuGen were GDF Suez and Iberdrola each with 37.5% and SSE with 25%.

The company announced plans to build a new nuclear power station of up to 3.6GW capacity adjacent to the Sellafield complex in North West England. In October 2009, it purchased an option to acquire land around Sellafield from the Nuclear Decommissioning Authority for £70m. The company will make a final investment decision in 2015 with a view to starting production in 2023.[1]

In September 2011, SSE announced that it was leaving the consortium, with GDF Suez and Iberdrola buying SSE out to increase their stakes to 50% each.[2]

See also

References

  1. ^ "The cautious strategy of the third UK new-build consortium". Nuclear Engineering International. http://www.neimagazine.com/story.asp?storyCode=2059056. 
  2. ^ "Scottish and Southern Energy ends nuclear power plan". BBC. http://www.bbc.co.uk/news/uk-scotland-scotland-business-15034767. 

External links


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