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
KPF releases statement on the passing of Paul Katz, Managing Partner at Kohn Pedersen Fox Associates
Tue 25 Nov 2014
Green light for Fielden House at London Bridge
Mon 24 Nov 2014
Japan's Maglev reaches speeds of 500km/ph
Fri 21 Nov 2014
Hawkins\Brown-designed hybrid timber tower tops out in London
Fri 21 Nov 2014
Work starts on Chipperfield's Palais Varnhagen
Thu 20 Nov 2014
AC Martin Partners releases statement on the passing of Kenneth Lewis
Thu 20 Nov 2014
Build your own 3D printer with weekly magazine
Wed 19 Nov 2014
Rotterdam wins Best City in Europe Award
Wed 19 Nov 2014