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It is all over for Britain’s £20bn Wylfa nuclear project

Wylfa: End for £20bn nuclear plant bid as plans ditched,  It is all over for the £20bn project to build a new nuclear power plant on Anglesey, after developers dropped their planning bid.

Horizon Nuclear Power has pulled a request to approve reactor designs at Wylfa, blaming UK government funding options as one reason.

Japanese backers Hitachi pulled out of the development last September.

Another firm has since unveiled plans for a smaller hybrid nuclear and wind plant on a separate site at Wylfa.

The Development Consent Order (DCO) process, which is the name given to planning applications for major UK infrastructure projects such as Wylfa, has been under consideration since June 2018.

A decision was due to be made on the plan by the UK’s business and energy secretary at the end of April, following a series of requests by Horizon to extend the process while it held talks with other interested parties.

But Horizon has now written to the Planning Inspectorate and the Department for Business, Energy and Industrial Strategy, confirming the end of the troubled project.

Its letter said negotiations on the future of Wylfa had been “positive and encouraging”.

However, it added: “They have not, unfortunately, led to any definitive proposal that would have allowed the transfer to some new development entity.

“In light of this and in the absence of a new funding policy from HM Government, Hitachi Ltd., has taken the decision to wind-up Horizon as an active development entity by 31 March 2021.

“As a result, we must now, regretfully, withdraw the application.”…… https://www.bbc.com/news/uk-wales-55833186

January 28, 2021 - Posted by | business and costs, politics, UK

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