Toshiba to invest GBP200 billion in British nuclear industry

 02 May 2014 - 9:02


LONDON: Japanese group Toshiba is set to invest roughly GBP200 billion in the British nuclear industry.

British Prime Minister's office said that David Cameron, the Prime Minister, welcomed the investment news. The statement was released following a meeting between Cameron and Japanese Prime Minister Shinzo Abe. The two discussed enhancing bilateral relations, particularly in the economic and trade fields.

The investment involves establishing a new nuclear station at Moorside. Toshiba has also agreed with France's Gaz de France (GDF) Suez to manage the land at Sellafield to build three new nuclear reactors.

Japanese Prime Minister Shinzo Abe has been on a European tour that included Germany, France, Spain and Portugal. (QNA)