UK nuclear plans ‘risk collapse if Hitachi talks fail’

UK nuclear plans ‘risk collapse if Hitachi talks fail’

Britain’s nuclear programme is in disarray following Hitachi’s decision last week to shelve plans for a 20bn power station at Wylfa in Anglesey after financing plans for the scheme.

Hitachi Ltd. has decided to continue talks over a 3 trillion nuclear power plant project in Wales after the British government made a financing offer, according to a source. The maker of.

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Hitachi stresses joint responsibility of UK project.. Hitachi plans to make a final investment decision on the project in 2019 and to start operation of the first unit in the first half of the 2020s.. Hitachi will "curtail its financial risk" in the construction of the two nuclear power.

Hitachi has. multi-billion-pound UK nuclear project because of rising costs. The decision puts thousands of jobs at risk if the £13bn plant at Wylfa Newydd in Anglesey, north Wales, is scrapped.

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TOKYO — Hitachi will ask the British government for additional support for a nuclear power project in Wales as it struggles to recruit other Japanese investors amid international headwinds for.

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Hitachi has said it will suspend work on a multi-billion-pound UK nuclear project because of rising costs. The decision puts thousands of jobs at risk if the 13bn plant at Wylfa Newydd in.

Hitachi acquired complete ownership of the U.K.’s Horizon Nuclear Power in 2012 for 89 billion yen as part of its plan to expand its nuclear business from Japan to foreign markets. It has spent about 200 billion yen preparing for Horizon’s first project, the construction of a plant on the Isle of Anglesey in Wales.

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