Demands have been made by the Green Party for an ‘urgent debate’ on whether the UK Government is offering a package of financial support to build Wylfa Newydd. The Daily Post reported this month that Prime Minister Theresa May was meeting Hitachi Chairman Hiroaki Nakanishi for crunch talks on funding for nuclear reactors. There were warnings Hitachi could withdraw from the multi-billion pound Horizon Nuclear Power ventures on Anglesey and in Gloucestershire unless assurances were made on finances. There have been reports in the Japanese press that the UK government has agreed to offer financial guarantees for the project. But a spokesman for the Department for Business, Energy, and Industrial Strategy(BEIS), said: “We don’t recognise these reports.” Now Green MP Caroline Lucas has demanded a meeting to clarify the Government’s position. She tweeted: “This is absolutely outrageous. “The government is planning to plough billions of pounds of taxpayers’ money into failing nuclear without any transparency or scrutiny. I’m calling for an urgent debate on this in parliament.”
Daily Post 14th May 2018 read more »
The UK Government has denied reports which claim it will guarantee loans for Hitachi’s Horizon nuclear power project. The proposed nuclear reactors to be installed at Wylfa – which will have a capacity of 3GW – were given the green light by the UK’s nuclear regulators last year. Japanese media reported Prime Minister Theresa May met the chairman of Hitachi in London earlier this month to discuss the project. BEIS told ELN the government “regularly engages with new nuclear developers” on a range of issues, including financing, however, it “does not recognise the reports”. A spokesperson added: “Nuclear power remains a crucial part of the UK’s energy future but we have always been clear that this must be delivered at the right price for consumers and taxpayers. “This principle runs through all our engagement with any new build developers. These discussions are commercially sensitive and we have no further details at this time.”
Energy Live News 14th May 2018 read more »
