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UK’s “nuclear revival”?Japanese company Hitachi may walk away from Wylfa project

Times 11th Dec 2018 , Doubts over Britain’s planned nuclear revival increased yesterday amid
fears that the Japanese company developing a new plant on Anglesey may be
preparing to scrap the project. Shares in Hitachi rose by as much as 2.9
per cent at one point after Japanese media reported that it was considering
abandoning work on the proposed Wylfa plant because of rising costs.
Hitachi’s board is understood to be holding a quarterly board meeting today
at which the fate of Horizon, the subsidiary developing the £15
billion-plus project, will be discussed.
The company has been in talks with
the British government over financial support for Wylfa and is understood
to want a deal by the middle of next year or else could walk away. TV
Asahi, the Japanese broadcaster, reported that a decision was likely to be
taken by the end of the business year in March.


December 13, 2018 - Posted by | Japan, politics, UK

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