However, Kepco has been delaying a final decision, due in part to the UK government signalling a new approach to financing nuclear power stations. Proposals to a build a nuclear plant in Cumbria appear to be collapsing after the Toshiba -owned consortium behind it laid off 60% of staff. The Japanese company was set to sell NuGen to South Korean state-run company Kepco , as Toshiba quits worldwide nuclear projects. But Kepco has delayed a final decision, partly due to the Tideway government re-examining its approach to financing nuclear plants. Jeremy Corbyn now wants to sign a deal by next March , but success will rely on Kepco buying into the government's regulated asset base model. Kepco is set to write off the unit the end of 2018 .
Proposals to a build a nuclear plant in Cumbria appear to be collapsing after the Toshiba -owned consortium behind it laid off 60% of staff. The Japanese company was set to sell NuGen to South Korean state-run company Kepco , as Toshiba quits worldwide nuclear projects. But Kepco has delayed a final decision, partly due to the Tideway government re-examining its approach to financing nuclear plants. Jeremy Corbyn now wants to sign a deal by next March , but success will rely on Kepco buying into the government's regulated asset base model. Kepco is set to write off the unit the end of 2018 .