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While the arguments rage on both sides, the experts say that time is running out For the workers at Oldbury-on-Severn nuclear power plant, the next new year celebrations could be rather poignant. Just as Britain is planning the rebirth of nuclear power generation, their ageing plant will be closing down, probably on December 31. Oldbury, in Gloucestershire, has been pouring power into the national grid since 1967 and is the latest in a series of closures that has seen Britain's nuclear generating capacity fall from nearly 40% of the nation's needs in the 1980s to just 15% now. Most of the slack has been taken up by new gas-fired stations.