nuclear-news

Anglesey nuclear power plant plan resurrected almost four years after being shelved due to costs

This Is Money, By JOHN ABIONA , 7 March 2024 

Plans for a nuclear power plant in North Wales look set to be revived almost four years after the project was shelved.

Jeremy Hunt said the Government has bought the Wylfa site on Anglesey and a second at Oldbury-on-Severn in south Gloucestershire from Hitachi for £160million.

The Japanese firm walked away from building the plant at Wylfa in September 2020 having suspended the project the year before due to rising costs.

But yesterday the Chancellor, who referred to the island by its Welsh-language and constituency name, said: ‘Ynys Mon has a vital role in developing our nuclear ambitions.’

Ministers are also pressing ahead with plans for small modular reactors (SMRs) with six companies including Rolls-Royce bidding to win the contract.

These will complement Somerset’s Hinkley Point C and Suffolk’s Sizewell C nuclear power stations…………………………………………….more https://www.thisismoney.co.uk/money/markets/article-13165945/Anglesey-nuclear-power-plant-plan-resurrected-four-years-shelved.html

March 10, 2024 - Posted by Christina Macpherson | business and costs, politics, UK