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Hitachi to post $2 billion special loss, will suspend UK nuclear power operations

Hitachi to suspend UK nuclear power ops, post $2 billion special loss https://energy.economictimes.indiatimes.com/news/power/hitachi-to-suspend-uk-nuclear-power-ops-post-2-billion-special-loss/67484807

Hitachi is set to vote on the planned suspension at its board meeting next week, the Nikkei said without citing sources REUTERS  |  January 11, 2019, TOKYO: Hitachi has decided to suspend its 3 trillion yen ($28 billion) nuclear project in Britain and to post a special loss of about $2 billion for the year ending March, the Nikkei business daily reported on Friday.

Hitachi is set to vote on the planned suspension at its board meetingnext week, the Nikkei said without citing sources.

The loss is expected to be 200 billion to 300 billion yen ($1.9 billion to 2.8 billion), it said.

Hitachi representatives could not be immediately reached for comment

January 12, 2019 - Posted by Christina Macpherson | business and costs, UK