Thursday 29 March 2012

THE NUCLEAR POWER CAKE IS CRUMBLING

Two of the major players for new nuclear power in the UK have pulled out.
Both RWE Npower and E.On have announced that they are no longer interested in building new nuclear power stations at Oldbury and in Anglesey. Their joint project 'Horizon Nuclear Power' cites difficulties raising finance.
http://www.bbc.co.uk/news/world-17546420
The government says there still remains 'considerable interest', and hopes that alternative potential investors will be found to fill the gap left by these two major companies.
The decision by RWE Npower and E.On, both German firms, can be linked to the demise of nuclear power in Germany, which itself was sparked by the Fukushima nuclear disaster.

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