The company, a joint
venture between ScottishPower owner Iberdrola and GDF Suez, aims to build a new
nuclear power station on land near Sellafield acquired from that site’s owners,
the Nuclear Decommissioning Authority. The project won approval from local planning
authorities in November last year to begin site characterisation works.
The joint venture
company wants to build two nuclear reactors on the site that would together be
able to generate up to 3,600MW. The company says it expects to take an investment
decision on the project in around 2015, and complete work on a new plant in
around 2023.