Wylfa

Japan and Britain have agreed to provide the lion’s share of financing for a nuclear power plant project planned by Hitachi Ltd. on the island of Anglesey off northwest Wales, sources said. The two governments are set to extend a combined 2.2 trillion yen ($20 billion) in loans with the help of financial institutions and acquire a stake in Horizon Nuclear Power Ltd., a British company purchased by Hitachi to operate the plant. The total cost of the project is estimated at 3 trillion yen. It is extremely rare for governments to shoulder such a huge portion of the overall project cost. By doing so, they must share the risk if the project suffers a financial loss, but that tab could eventually be passed on to taxpayers.

Asahi Shimbin 11th Jan 2018 read more »

Wylfa Newydd is set to get a multi-billion pound cash boost from the UK and Japanese governments to make the scheme happen, according to sources in Japan. It is reported the two governments are set to extend a combined 2.2 trillion yen (£15 billion) in loans and investment with the help of financial institutions to the project, taking a stake in Horizon Nuclear Power Ltd.

Daily Post 11th Jan 2018 read more »

Share

Published: 12 January 2018