UK nuclear power station plans scrapped as Toshiba pulls out

Firm’s nuclear arm to wind up next year and scrap Cumbria plant leaving big hole in UK energy plansPlans for a new nuclear power station in Cumbria have been scrapped after the Japanese conglomerate Toshiba announced it was winding up the UK unit behind the project.Toshiba said it would take a 18.8bn Japanese yen (£125m) hit from closing its NuGeneration subsidiary, which had already been cut to a skeleton staff, after it failed to find a buyer for the scheme. Continue reading...