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UK’s Office for Nuclear Regulation approves nuclear power plans for Wylfa, Anglesey. Now where’s the funding?

Plans for major nuclear power station in Wales win green light, Office for Nuclear Regulation approves design for new reactor at Horizon Nuclear Power’s plant at Wylfa, Anglesey, Guardian, Adam Vaughan, 13 Dec 17Plans for a major new nuclear power station in Wales have taken a crucial step forward as UK regulators approved the project.

The Office for Nuclear Regulation and two other government bodies gave the green light on Thursday for the Japanese reactor design for Horizon Nuclear Power’s plant at Wylfa, marking the end of a five-year regulatory process……

Attention will now turn to financing the Hitachi-backed project on the island of Anglesey, which was the site of Britain’s oldest nuclear plant until it closed two years ago.

During a visit by UK ministers to Japan last December, it emerged that London and Tokyo were considering public financing for Wylfa. This would be a significant break with the UK government’s previous approach.

Hitachi has already spent £2bn on development. Last week the consortium said it needed a financial support package by mid-2018 or it could stop funding development.

Japan’s Toshiba has bowed out of the race to build nuclear plants in the UK, confirming last week that a South Korean nuclear firm had been chosen to buy its venture to build a plant in Cumbria.

………. https://www.theguardian.com/environment/2017/dec/14/plans-for-major-nuclear-power-station-in-wales-win-green-light-wylfa-anglesey

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December 16, 2017 - Posted by | politics, UK

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