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UK govt denies reports that it will guarantee loans for Wylfa nuclear project

Energy Live News 14th May 2018 , The UK Government has denied reports which claim it will guarantee loans
for Hitachi’s Horizon nuclear power project. The proposed nuclear
reactors to be installed at Wylfa – which will have a capacity of 3GW –
were given the green light by the UK’s nuclear regulators last year.

Japanese media reported Prime Minister Theresa May met the chairman of
Hitachi in London earlier this month to discuss the project. BEIS told ELN
the government “regularly engages with new nuclear developers” on a
range of issues, including financing, however, it “does not recognise the
reports”. A spokesperson added: “Nuclear power remains a crucial part
of the UK’s energy future but we have always been clear that this must be
delivered at the right price for consumers and taxpayers. “This principle
runs through all our engagement with any new build developers. These
discussions are commercially sensitive and we have no further details at
this time.”


May 16, 2018 - Posted by | general

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