Established in 1970, Garoña is the oldest nuclear plant of Spain which is now heading towards its closure since it's unable to cope up with the rising taxes.

The nuclear plant has already been disconnected from the grid yesterday night, while the fuel is being removed from it gradually. The fuel shall now be transferred to the storage pool of the plant which is operated by Nuclenor.

The decision for closure of the plant was taken on December 14 by the board of directors at Nuclenor. It came in the wake of surging taxes in the country along with introduction of higher taxes on generators to deal with energy tariff deficit.

It was then found that operating the plant after the rise won't be feasible to continue the 466MWe boiling water reactor at the place. The taxes shall be imposed on the production of electricity and the usage of electricity bill.

"We would have cleared up the regulatory doubts that surround the future of the Garoña plant so as to be able to make a decision to justify the return of investment that would be required", said Nuclenor as it expressed that it has made many requests to the government to give some more time for submitting application. Another €120 million is required to keep the plant operating.