Anglesey’s economic chief has welcomed reports that a US engineering firm is leading a bid to restart the island’s nuclear programme. Noting that he was “cautiously optimistic,” Cllr Carwyn Jones made the remarks in response to reports in the Financial Times on a joint venture by Westinghouse, Southern Company, and Bechtel in reviving the Wylfa Newydd project. Slated to create around 1,000 permanent jobs, 2019 saw Hitachi freeze its proposal to build a nuclear power plant near Cemaes last year before pulling the plug completely this past September, blaming a failure to reach a funding deal with the UK Government. But despite Westinghouse’s AP1000 nuclear power plant design having already successfully completed review by UK regulators, any deal is likely to depend on the government developing a new funding model for large-scale nuclear projects.
Daily Post 12th Nov 2020 read more »
North Wales Chronicle 12th Nov 2020 read more »
The Financial Times has reported that a group of US companies had approached the UK government about taking over the development of the nuclear power plant project at Wylfa in Anglesey, north Wales. The consortium led by Bechtel, will include power utility Southern and Westinghouse Electric. The FT said discussions began in September after Japanese firm Hitachi pulled out of the £13 billion ($17bn) project. Hitachi subsidiary Horizon Nuclear Power had planned to develop two UK Advanced Boiling Water Reactor units at Wylfa and and Oldbury on Severn in South Gloucestershire. In September, the company said it would take steps for the orderly closing down of all its current development activities, but that it would “keep the lines of communication open with Government and other key stakeholders regarding future options at both sites.” According to the FT, Bechtel’s Wylfa proposal is intended to fit in with the government’s “levelling up” agenda. The consortium aims to deliver power to the grid on a similar timescale to that proposed Horizon and at a “market competitive price” per megawatt hour despite switching to different reactor technology. The report came as UK Prime Minister Boris Johnson prepares to set out a “ten point plan” explaining how the UK will meet its 2050 climate commitments, with nuclear power playing a key role in this.
Nuclear Engineering International 12th Nov 2020 read more »