Hitachi set to cancel plans for £16bn nuclear power station in Wales

Hitachi set to cancel plans for £16bn nuclear power station in Wales
 

The Japanese conglomerate Hitachi looks certain to cancel its plans for a £16bn nuclear power station in Wales, leaving Britain’s ambitions for a nuclear renaissance in tatters.
An impasse in months-long talks between the company, London and Toyko on financing is expected to result in the flagship project being axed at a Hitachi board meeting next week, according to the Nikkei newspaper.
The company has spent nearly £2bn on the planned Wylfa power station on Anglesey, which would have powered around 5m homes.
Another Japanese company, Toshiba, scrapped a nuclear plant in Cumbria just months... read more

 
Friday, 13:54 in Business, Views: 43
Source: Guardian
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