The British owner of New Brunswick small modular nuclear reactor developer Moltex Energy Canada Inc. is up for sale as part of a U.K. insolvency proceeding.
Moltex Energy Ltd., a private company based in Stratford-upon-Avon, announced last month the appointment of two insolvency practitioners from accounting firm Azets Holdings Ltd. to manage its affairs. Azets hired appraisers Hilco Valuation Services to solicit offers for its assets, which are due May 7.
It’s the latest complication for taxpayer-sponsored efforts to construct small modular reactors, or SMRs, in New Brunswick.
Moltex’s wholly owned Canadian subsidiary is one of two vendors partnered with New Brunswick Power to build reactors at Point Lepreau Nuclear Generating…
