A project to build a huge nuclear power station in north Wales is to be wound down by the end of March, threatening hopes of its resurrection via a sale. Japan’s Hitachi has told staff it will shut its Horizon subsidiary, which was to build a £20bn nuclear power plant at Wylfa on Anglesey, by March 31. That could scupper a sale of the site, despite interest from bidders including a US consortium of Bechtel, Southern Company and Westinghouse, and dent Britain’s clean energy aims. Hitachi said in September it would not proceed with the plan, despite having put £2bn into it, but the haste to shut it down and dismiss remaining staff has sparked concern. The Wylfa site is seen as one of the most promising for a new nuclear power station. Horizon also has plans for a plant in Gloucestershire, but sources said the company needed to remain solvent for several more months if it was to be sold as a going concern.
Times 10th Jan 2021 read more »