Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, April 5, 2017

Engie gives notice to sell NuGen stake

Engie gives notice to sell NuGen stake

05 April 2017
French utility Engie plans to transfer its 40% share in UK nuclear power plant developer NuGeneration (NuGen) to Japan's Toshiba. NuGen, which plans to build three Westinghouse AP1000 reactors at Moorside in West Cumbria is "facing some significant challenges", Engie said, that have led to the decision to exercise its contractual right to transfer its stake to Toshiba.


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