Member Article

North West nuclear power project could create 21,000 jobs

The North West is to get Europe’s largest nuclear power plant.

An agreement on a preliminary deal to provide a financial guarantee to help fund the development has been made.

The 3.4 gigawatt Moorside project is a joint-venture between Japan’s Toshiba and France’s GDF Suez.

It could provide nearly 7% of Britain’s projected electricity needs and create up to 21,000 jobs.

George Osborne said: “We’re happy to have signed this agreement with NuGen.

“Investment in a new generation of civil nuclear power is part of our long-term economic plan to provide Britain with the energy it needs for decades to come.

“The guarantee scheme is another way in which we can help companies to make the huge investment that building new nuclear power involves.” according to the Times.

This was posted in Bdaily's Members' News section by Sophia Taha .