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When the government gave the green light to the Hinkley Point C plant two years ago, the business secretary hailed the decision as the start of a new era of UK nuclear power.
The station in Somerset, Greg Clark said, was the first of a wave of new nuclear plants. Five more were proposed around the country. Yesterday, however, one of those fell by the wayside as Toshiba announced that it was scrapping a venture to build a plant at Moorside in Cumbria.
Toshiba to take steps to wind-up NuGen
The Japanese conglomerate is in financial crisis and had been seeking to sell the project. In the absence of a buyer, the company took what it described as the economically rational decision to shut down the venture, which is called Nugen.
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