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Hitachi pulls plug on Horizon nuclear subsidiary

Hitachi pulls plug on Horizon nuclear offshoot  John Collingridge, Sunday January 10 2021, The Sunday Times A project to build a huge nuclear power station in north Wales is to be wound down by the end of March, threatening hopes of its resurrection via a sale.

Japan’s Hitachi has told staff it will shut its Horizon subsidiary, which was to build a £20bn nuclear power plant at Wylfa on Anglesey, by March 31. That could scupper a sale of the site, despite interest from bidders including a US consortium of Bechtel, Southern Company and Westinghouse.

Hitachi said in September it would not proceed with the plan, despite having put £2bn into it, but the haste to shut it down and dismiss remaining staff has sparked concern.

The Wylfa site is seen as one of the…… (subscribers only)


January 10, 2021 - Posted by | business and costs, UK

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