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Toshiba finalises 60% stake in NuGen

02 Jul 2014
Toshiba has finalised a deal to buy a 60% stake in the NuGen partnership, replacing Iberdrola.

The Spanish consortium agreed to sell its stake in the NuGen consortium for $139 million earlier in the year.

The deal will undoubtedly pave the way for new partners Toshiba and GDF Suez to progress the Moorside nuclear project near Sellafield in West Cumbria.

NuGen has confirmed that it will progress with plans to build three Westinghouse AP1000 nuclear reactors with a combined capacity of 3.4GW at the site.