NuGeneration
Encyclopedia
NuGeneration is a company with plans to build a new nuclear power station on the Sellafield
site in the United Kingdom
.
NuGen was establised in February 2009 as a joint venture between GDF Suez
, Iberdrola
and Scottish and Southern Energy (SSE). The initial holdings in NuGen were GDF Suez and Iberdrola each with 37.5% and SSE with 25%.
The company announced plans to build a new nuclear power station of up to 3.6GW capacity adjacent to the Sellafield complex in North West England. In October 2009, it purchased an option to acquire land around Sellafield from the Nuclear Decommissioning Authority
for £70m. The company will make a final investment decision in 2015 with a view to starting production in 2023.
In September 2011, SSE announced that it was leaving the consortium, with GDF Suez and Iberdrola buying SSE out to increase their stakes to 50% each.
Sellafield
Sellafield is a nuclear reprocessing site, close to the village of Seascale on the coast of the Irish Sea in Cumbria, England. The site is served by Sellafield railway station. Sellafield is an off-shoot from the original nuclear reactor site at Windscale which is currently undergoing...
site in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
.
NuGen was establised in February 2009 as a joint venture between GDF Suez
GDF Suez
GDF Suez S.A. is a French multinational energy company which operates in the fields of electricity generation and distribution, natural gas and renewable energy. The world's largest utility after taking control of Britain's International Power, the company was initially formed by the merger of Gaz...
, Iberdrola
Iberdrola
Iberdrola , headquartered in Bilbao, is a private utility with a global footprint and over 150 years of experience...
and Scottish and Southern Energy (SSE). The initial holdings in NuGen were GDF Suez and Iberdrola each with 37.5% and SSE with 25%.
The company announced plans to build a new nuclear power station of up to 3.6GW capacity adjacent to the Sellafield complex in North West England. In October 2009, it purchased an option to acquire land around Sellafield from the Nuclear Decommissioning Authority
Nuclear Decommissioning Authority
The Nuclear Decommissioning Authority is a non-departmental public body of the United Kingdom formed by the Energy Act 2004. It came into existence in late 2004, and took on its main functions on 1 April 2005...
for £70m. The company will make a final investment decision in 2015 with a view to starting production in 2023.
In September 2011, SSE announced that it was leaving the consortium, with GDF Suez and Iberdrola buying SSE out to increase their stakes to 50% each.
See also
- Economics of new nuclear power plantsEconomics of new nuclear power plantsThe economics of new nuclear power plants is a controversial subject, since there are diverging views on this topic, and multi-billion dollar investments ride on the choice of an energy source...
- Nuclear power in the United KingdomNuclear power in the United KingdomNuclear power currently generates around a sixth of the United Kingdom's electricity. As of 2011, the United Kingdom operates 19 nuclear reactors at nine locations...
- Energy use and conservation in the United KingdomEnergy use and conservation in the United KingdomEnergy use in the United Kingdom stood at 3,894.6 kilogrammes of oil equivalent per capita in 2005 compared to a world average of 1,778.0. In 2008, total energy consumed was 9.85 exajoules - around 2% of the estimated 474 EJ worldwide total...