Connect with us

Hi, what are you looking for?


Wales bids for Hitachi nuclear site


The Welsh administration has made a last-ditch attempt to salvage a nuclear power project on Anglesey by trying to take it over from Japanese industrial giant Hitachi.

The Labour-led government is understood to have approached Hitachi about acquiring the Horizon project and its staff, to keep it alive in a caretaker role until a developer can be found.

Hitachi killed off plans to build nuclear power plants in the UK in September, after writing off £2 billion in 2018. The firm, whose interests range from trains to power grids, will shut down the project at the end of next month. It had planned to build a £20 billion nuclear plant at Wylfa on Anglesey.

Pro-nuclear MPs and peers last week wrote to Boris Johnson warning of “grave concern” and asking for his help to revive the project. The all-party parliamentary group on nuclear energy said Horizon was “at the heart of the levelling up agenda” and that “only the UK government can facilitate a way to save the project”.

A stumbling block is understood to be the value of the land, with Hitachi demanding a significant sum.

If the Welsh government were to acquire Horizon, it would be one of the biggest commercial interventions by a devolved government. An American consortium that hopes to install AP1000 reactors at Wylfa wrote to the Westminster government in September, calling for it to “acquire the site and assets of the Horizon project”.

The Welsh government said: “While we will not comment on speculation, we remain convinced that Wylfa Newydd is one of the best sites for a new nuclear development in Europe and continue to discuss potential ways forward with both Hitachi and Horizon.”

The business department said: “We remain open to discussing new nuclear projects with any viable companies and investors wishing to develop sites across the UK, including in north Wales.”

Read more:
Wales bids for Hitachi nuclear site

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Elon Musk has suggested that he could seek to pay a lower price for Twitter, as the social media company’s would-be owner expressed further...


Tens of thousands of apprenticeships could be created and hundreds of millions of pounds saved if the flawed apprenticeships levy were reformed, according to...


The man accused of killing a doctor and wounding five other people in a shooting at a Taiwanese-American church banquet in California methodically planned the attack because he was upset over Chinese-Taiwanese tensions,...


Workers should “think and reflect” on whether to ask for pay rises because they risk fuelling inflation, the governor of the Bank of England...


Ofgem has come under fire for extending rules that will effectively prevent energy suppliers from offering deals that are significantly cheaper than the price...


Working from home is more popular in Britain than in continental Europe and North America, with commuting journeys down by more than a fifth...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.