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28 May – deadline day for Hitachi over whether or not to proceed with UK Horizon nuclear power plant

Deadline day for Japan’s Hitachi over Wales £15bn Horizon nuclear plant  Sunday Times, 27 May 18   The fate of a £15bn-plus nuclear power station is set to be decided this week — and with it the future of Britain’s atomic renaissance.

The Japanese industrial giant Hitachi is due to decide tomorrow whether to proceed with Horizon, a twin-reactor plant on Anglesey, north Wales.

Hitachi’s decision has huge implications for industrial collaboration between Britain and Japan and the country’s nuclear power industry. The project hinges on winning financial support from Westminster.

This weekend, ministers are expected to set out their offer to Hitachi in a letter ahead of the crucial meeting. The proposal is expected to include UK taxpayers taking a direct stake in the plant, alongside Hitachi and the Japanese state, as well as guaranteeing loans.

In return, Westminster wants Hitachi…(subscribers only)


May 28, 2018 - Posted by | business and costs, politics, UK

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