Hitachi has announced its intention of pulling away from two large nuclear projects in the UK due to failed financial negotiations. The company’s Wylfa Newydd and Oldbury-On-Severn projects, which were expected to be the future home of new advanced boiling water reactors, which were approved by Britain’s nuclear power regulator in December 2017, will now not be built until a solution can be found, the company says. Although the government and the company had been meeting since last summer to try to develop a financial plan that would support the projects, no agreement has been reached. Despite this setback, the company says it will continue to discuss a nuclear power programme with the UK government. The company also plans to remain engaged in solutions to support improvements in availability of power plants and extension of plant life.
Contact Tristram Denton, Hitachi, email@example.com
Source: EE plublishers