The Nuclear Decommissioning Authority has reached an agreement with Toshiba and its partner GDF Suez for a new nuclear power station in Cumbria.
The agreement covers the key commercial terms of an updated option agreement for land in the NDA’s ownership at Moorside, near Sellafield in West Cumbria. It is an important step toward enabling the development of a new nuclear power station at Moorside.
The two companies have plans to build three reactors at the site, with an estimated online date of 2024. They will deliver approximately 3.4GW of new nuclear capacity which is enough to power up to 6 million homes.
The project is set to create 21,000 jobs over the construction period, including peak on-site employment of over 6,000.
Over the reactors’ lifetimes, they will sustain approximately 1,000 permanent jobs.