Financial Meltdown for U.K. Nuclear Project

GALWAY, IRELAND--May 26, 2017--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The development company behind the proposed £10 billion Moorside nuclear power project in northwest England has postponed the project, creating a domino effect that has forced the U.K.'s grid operator National Grid plc (NYSE:NGG) (London, England) to "pause" its supporting £2.8 billion ($3.6 billion) grid connection project.

Within this article: Details latest problems at Moorside nuclear project and the knock-on effect to related projects and partners