nuclear-news

No return-to-service date has been indicated.

3 October 2012 Last updated at 15:26

The existing Wylfa plant, which has been producing energy since 1971, is set to continue generating electricity until the fuel runs out or September 2014, whichever comes first.

Wylfa is the only Magnox site still generating electricity, following the closure of Oldbury in Gloucestershire in February.

If finance is difficult, and finding £8bn for a capital spend on Wylfa B is beyond French company like Areva and the China Guangong Nuclear Power Group (CGNPG), then it may hamper the two bids believed still to be on the table.

Those bids by Westinghouse/Toshiba and another Japanese company Hitachi may also find it hard to convince Horizon Nuclear Power, that it can proceed and buy the licence to develop Wylfa B and the Oldbury site in Gloucestershire.

It may well cause headaches for the UK government, who has a policy of private finance only for a new generation of nuclear plants, as well that Hitachi doesn’t currently have a licence to build nuclear reactors in Britain.

There are still many unanswered questions on the viability of the two bids left to be considered.

Do they have the finance in place, and how soon could they proceed?

http://www.bbc.co.uk/news/uk-wales-north-west-wales-19811984