Setback for UK nuclear power plans

Two German companies, Eon and RWE, ditched multibillion-pound plans to build nuclear reactors in the UK on the 29 March 2012, dealing a blow to government plans for a new generation of atomic power stations and raising concerns about Britain’s energy security.

The two companies said they were putting their Horizon nuclear joint venture up for sale. The companies cited the economic crisis and the impact on balance sheets of Germany’s move to abandon nuclear power.

Both utilities remained committed to investing in other forms of energy generation in the UK.

ESO: Background information: Britain tells the rest of Europe not to rush to nuclear judgment http://www.europeansources.info/record/britain-tells-the-rest-of-europe-not-to-rush-to-nuclear-judgment/

ESO: Background information: Britain's Nuclear Renaissance in Doubt under New Government http://www.europeansources.info/record/britains-nuclear-renaissance-in-doubt-under-new-government/

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