The boss of Hitachi is expected to meet the prime minister tomorrow in an attempt to secure UK government investment in its proposed nuclear plant on Anglesey. Hiroaki Nakanishi is scheduled to meet Theresa May as the clock ticks on the company’s deadline to agree the outlines of a financial support package by the middle of this year. Hitachi, the Japanese conglomerate, has spent £2 billion so far on its Horizon venture, which is developing plans for a new power station at Wylfa. It has threatened to withdraw funding unless it receives assurances that financial support can be agreed. The 2.9-gigawatt power station is due to start generating in the mid-2020s, becoming Britain’s second new nuclear plant after the £19.6 billion Hinkley Point plant being built in Somerset.
Times 2nd May 2018 read more »