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Hitachi makes plans to rein in the ballooning cost of Wylfa nuclear power project

Nikkei Asian Review 23rd Aug 2018 , Japanese industrial group Hitachi seeks to rein in the ballooning cost of
its British nuclear power plant project by naming a manager and clarifying
the roles performed by the company and its partners. U.S. engineering
company Bechtel will serve as a project manager for the proposed Wylfa
Newydd power plant from now on, overseeing design, construction and cost
control, while Hitachi and Japanese plant builder JGC will handle design
and construction, Hitachi said on Wednesday.

Hitachi is building two reactors on the Welsh island of Anglesey through U.K. subsidiary Horizon
Nuclear Power. Before the reorganization of roles, Hitachi, JGC and Bechtel
had been undertaking the project as three-way joint venture. The new
arrangement is designed to let Horizon reduce costs on the Wylfa project by
placing orders directly for turbines and other equipment.
https://asia.nikkei.com/Business/Companies/Hitachi-names-Bechtel-as-manager-for-UK-nuclear-project

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August 24, 2018 - Posted by | business and costs, UK

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