Work on new nuclear projects suspended

Hitachi has announced that it will pull away from two large UK projects due to failed financial negotiations with the British government. The company said it would accept a loss of approximately $2,77-billion that went into developing Horizon Nuclear Power’s two projects, including new reactors slated for Wylfa Newydd and Oldbury-On-Severn, projects intended for Anglesey in North Wales and Oldbury in South Gloucestershire. Both sites were expected to be the future home of new advanced boiling water reactors (ABWR), which were approved by Britain’s nuclear power regulator in December 2017. The government and the company had been meeting since last summer to try to develop a financial plan that would support the projects. Although the negotiations were conducted in good faith, no agreement was reached.

Contact Claire Maden, World Nuclear News, editor@world-nuclear-news.org

 

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