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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)  https://www.thetimes.co.uk/article/hitachi-pulls-plug-on-horizon-nuclear-offshoot-q0tp0kcpx

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

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