SEARCH IN BRIEF

 
E.ON and RWE npower back out of two nuclear power plant projects in the UK

Two nuclear power plants in the UK have lost their financial backing as E.ON and RWE npower have pulled out of the projects. The joint venture Horizon Nuclear Power was planning on investing in the construction of plants in Anglesey and Oldbury-on-Severn however both companies issued statements on 29 March explaining their decision to cease involvement in the schemes.

Chief Executive of E.ON UK, Dr. Tony Cocker, detailed: “E.ON has decided to focus its investment in the UK on other strategic projects that will allow us to deliver earlier benefit for customers and our company, rather than the very long term and large investment new nuclear power calls for. Our commitment to the UK remains as strong as ever and as our track record shows, with over £1bn of investment in the last year alone, we will continue to select the right projects in which to invest.”

Last year Germany made a huge commitment to close all of its nuclear power stations by 2022 after the devastating Fukushima disaster and the decision hit both E.ON and RWE npower hard. It is thought that this has had a direct effect on the two major firms pulling out of the UK projects.

IN BRIEF
Friday 30 March 2012
Will Alsop 1947- 2018
Mon 14 May 2018
Perkins+Will strengthens its London architecture team with new senior appointment
Wed 25 Apr 2018
LIAM FOX LAUNCHES AWARDS FOR BEST BUSINESS PARTNERSHIPS OF THE FUTURE
Tue 20 Mar 2018
NBBJ London office announces strategic leadership additions
Tue 06 Mar 2018
Casey Jones joins Perkins+Will
Thu 22 Feb 2018
David Chipperfield Architects Works 2018
Mon 05 Feb 2018
Darling Associates expands leadership
Tue 16 Jan 2018
Woods Bagot Announces New China Head
Wed 03 Jan 2018