GDF SUEZ Continues Development of its NuGen Nuclear Programme
OREANDA-NEWS. GDF SUEZ has signed a partnership agreement with Toshiba for development of its nuclear programme in the United Kingdom. This solid industrial partnership gives new impetus to NuGeneration Ltd (NuGen), which was created to develop a new nuclear power plant on the West Cumbria coast in Northwest England. The plant will be built utilizing Westinghouse AP1000 technology and will achieve a capacity of 3,400 MW. The terms of the agreement provide for Toshiba to own 60% of NuGen along with GDF SUEZ, shareholder with a 40% stake who will bring its extensive nuclear plant operatorship experience. The choice of the AP1000 technology aligns with UK Government's ambition to see a diversity of technologies in the new nuclear programme.
On the occasion, Gerard Mestrallet, Chairman and CEO of GDF SUEZ, stated: “The signing of this agreement is an essential step in the pursuit of the development of our nuclear programme in the United Kingdom. It reflects our strong ambition in the nuclear field and confirms our strategic decision to promote a diversified, balanced, and low-carbon energy mix where nuclear power has its place. With this project's continuation and our recent international success in Turkey, GDF SUEZ confirms its position as a top-flight nuclear operator, offering the best suited technologies to the local circumstances of each country.”
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