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Response to OKIsItJustMe (Original post)

Fri Feb 17, 2017, 08:02 PM

2. Their 'plan' for a British reactor seems completely meaningless

The UK government’s nuclear new build ambitions have been branded “pie in the sky” by an international energy expert, as Toshiba announced this week that it will not take a construction role on its proposed £106bn Moorside plant in Cumbria.
His comments follow Toshiba’s announcement on Tuesday that it has delayed the publication of its quarterly earnings report. Toshiba said it still plans to be involved in Moorside without “carrying out actual construction work”.

The company has admitted that it will have to write off losses of $6bn resulting from mammoth cost over-runs on two atomic plants in the US being built by its nuclear construction arm Westinghouse. The troubled plants use the same AP1000 model reactors that Toshiba plans to use at Moorside. It has a 60% stake in the scheme.


"Involved", but without carrying out the construction work, despite owning the majority stake in the scheme. WTF does that mean?

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Arrow 6 replies Author Time Post
OKIsItJustMe Feb 2017 OP
riversedge Feb 2017 #1
LineNew Reply Their 'plan' for a British reactor seems completely meaningless
muriel_volestrangler Feb 2017 #2
FogerRox Feb 2017 #3
NNadir Feb 2017 #6
mountain grammy Feb 2017 #4
OKIsItJustMe Feb 2017 #5
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