nuclear-news

Japan joins the crowd marketing nuclear reactors to Britain

Japan Atomic Power to join Hitachi’s nuclear plant business in Britain http://www.japantimes.co.jp/news/2016/07/07/business/corporate-business/japan-atomic-power-join-hitachis-nuclear-plant-business-britain/#.V39eRdJ97GhJapan Atomic Power Co. will join Hitachi Ltd.’s nuclear power plant business in Britain, informed sources said Thursday.

The two companies will soon sign a cooperation agreement to make Japan Atomic Power the first Japanese power supplier to take part in an overseas nuclear power plant business in full scale.

Japan Atomic Power will become part of a project to build nuclear reactors in Britain, which is undertaken by Horizon Nuclear Power Ltd., a Hitachi unit in Britain, possibly engaging in licensing procedures for reactor construction.

Japan Atomic Power hopes that overseas operations will become a new source of revenue at a time when its nuclear reactors in Japan have been suspended following the 2011 core meltdowns at Tokyo Electric Power Company Holdings Inc.’s Fukushima No. 1 nuclear plant.

Hitachi, which has no experience as a nuclear plant operator, asked for Japan Atomic Power’s cooperation over the British project.

July 9, 2016 - Posted by Christina Macpherson | Japan, marketing