Toshiba’s US subsidiary, which has technology in about half world’s reactors, expected to file for bankruptcy protection
A financial crisis at a major nuclear energy business is threatening to deal a blow to the UK’s atomic energy programme.
Toshiba’s US nuclear subsidiary Westinghouse Electric is believed to be on the brink of filing in the US for bankruptcy protection from creditors. A UK expert said the collapse would leave a considerable hole in Britain’s new nuclear ambitions as Toshiba is a key player behind plans for a new power station at Moorside in Cumbria.
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