The UK’s energy policy is already, for want of a better word, a shambles. Yet this week’s mammoth loss by key nuclear partner Toshiba has thrown it into further disarray. The Japanese conglomerate’s $6.3bn write-down of its US nuclear division and proclamation that it would reassess overseas projects leaves the new reactor project in Moorside, Cumbria – in which it is a key partner – at risk of collapse. That adds to fears that EDF’s financial troubles and French political uncertainty mean it will not, despite regular assurances, be able to deliver at the flagship Hinkley Point project, and that security fears over Chinese involvement in Britain’s power infrastructure could derail plans for a new reactor at Bradwell in Essex.
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