Burges Salmon advises Nuclear Decommissioning Authority on key nuclear deal
Burges Salmon have advised long standing client the Nuclear Decommissioning Authority (NDA) on the completion of an approximately £200 million deal with Nugen (now owned by Toshiba Corporation and GDF SUEZ) on the extension of a land option agreement for the Moorside site. The deal will boost the development of the new nuclear power project in West Cumbria.
The NDA agreed key commercial terms with NuGen to extend a land option agreement, which reaffirms the consortium's commitment to build three reactors at Moorside.
The announcement can be read in full on the NDA website.