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Hitachi Ltd’s Horizon Nuclear Power unit has received assurance of UK govt funding for nuclear build in Wales

Reuters 9th May 2018, Hitachi Ltd’s Horizon Nuclear Power unit has received an assurance from
the British government that it will guarantee loans for the construction of
two reactors in Wales, the Mainichi newspaper reported on Wednesday.

British Prime Minister Theresa May met Hitachi Chairman Hiroaki Nakanishi
last week in London and asked him to go ahead the project, conveying the
government’s intention to fully guarantee the loans, the paper said,
without citing a source.

As the project costs have increased to meet new safety provisions, Hitachi is still pushing for the British government to
take a stake in the project and guarantee electricity prices to ensure it
is profitable, the Mainichi said. The cost of the Hitachi project in Wales
has ballooned to 3 trillion yen ($27.4 billion) due to the tougher safety
measures, the newspaper said.


May 11, 2018 - Posted by | politics, UK

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