Toshiba and GDF Suez have completed a deal that confirms plans to build three nuclear reactors on NuGen’s Moorside project in Cumbria.
The three Westinghouse AP1000 reactors will be located on land to the north and west of the Sellafield site in west Cumbria.
Each of the reactors will take around four years to build, with the first of the three operational in 2024.
A combined output of 3.4 GW will then be delivered by 2026.
The deal formally cements the joint venture between the two companies, which was announced in January this year.
Toshiba, which owns specialist nuclear company and AP1000 designer Westinghouse, acquired a 60 per cent stake in the nuclear project, with GDF Suez retaining a 40 per cent stake.
The Westinghouse AP1000 reactor is a pressurised water reactor and is licensed by the US Nuclear Regulatory Commission.
The fuel for the reactors will be locally sourced by the Springfields Fuel Fabrication facility near Preston.
The reactor has completed stage one of the UK regulator’s Generic Design Assessment.
Eight AP1000 reactors are currently under construction globally.
NuGen will focus on site assessments and site layout in 2014/15, when it will undertake its first public consultation on its plans.
The JV will form a new management team, led by chief executive Sandy Rupprecht, who said NuGen would be working “closely” with its stakeholders.