UK nuclear plans could be hit by Westinghouse financial crisis

https://www.theguardian.com/business/2017/mar/28/uk-nuclear-westinghouse-bankruptcy-toshiba-us

Toshiba’s US subsidiary, which has technology in about half world’s reactors, expected to file for bankruptcy protectionA financial crisis at a major nuclear energy business is threatening to deal a blow to the UK’s atomic energy programme.Toshiba’s US nuclear subsidiary Westinghouse Electric is believed to be on the brink of filing in the US for bankruptcy protection from creditors. A UK expert said the collapse would leave a considerable hole in Britain’s new nuclear ambitions as Toshiba is a key player behind plans for a new power station at Moorside in Cumbria. Continue reading…

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