The British and Japanese governments have agreed to explore options for joint-financing of a nuclear power station in Wales, a softening of the UK’s previous refusal to commit public funds to construction of new reactors. Letters have been exchanged between London and Tokyo in which the governments expressed support for the Wylfa nuclear project on Anglesey and agreed to consider contributing to its financing, according to several people involved in the process. Wylfa is being developed by Horizon, a subsidiary of Hitachi, the Japanese conglomerate whose reactor technology will be used by the plant. Partial public financing for Wylfa would represent a new approach to nuclear construction in the UK by drawing on the government’s access to cheap debt to reduce capital costs. But it would also expose taxpayers to some of the associated heavy expense and high risk. Ministers have been rethinking policy after heavy criticism of the £20bn Hinkley Point C plant under construction in Somerset. The full cost of that project is being met by its French and Chinese investors and recovered through a levy on consumer bills. Japan’s Asahi Shimbun newspaper reported last week that the UK and Japanese governments were willing to work with financial institutions to extend as much as $20bn in loans to finance Wylfa, and also to acquire a stake in Horizon. Several people involved in the project said no such details had yet been agreed but the exchange of letters between the two governments late last month had “increased confidence on all sides”.
FT 16th Jan 2018 read more »
Wylfa Newydd – a nuclear power station on Anglesey. Section 48, Planning Act 2008 – Regulation 4 Infastructure Planning (Applications: prescribed forms and procedure), Regulations 2009. Proposed application for development consent for the Wylfa Newydd Project. Please send any comments in response to this notice by 13 February 2018. 1. Notice is hereby given that Horizon Nuclear Power Wylfa Limited (the “Applicant”) of Sunrise House 1420 Charlton Court, Gloucester Business Park, Gloucester, GL3 4AE proposes to apply to the Secretary of State under s37 of the Planning Act 2008 for an order granting development consent (“DCO”) for the construction, operation and maintenance of a new nuclear power station and other development, at Wylfa, Anglesey (“Wylfa Newydd Project”).
Fishing News 16th Jan 2018 read more »
Views are being sought on the creation of ecological areas and wetland habitats to help reduce the possible effects of constructing a planned new nuclear power station. Horizon Nuclear Power is consulting ahead of its main application to build £10bn Wylfa Newydd on Anglesey. The company said it needed additional land to build the wetland and “ecological mitigation” areas.
BBC 16th Jan 2018 read more »
Plans for 110-vehicle ‘Wylfa workers’ park and ride causes anger in Gwynedd hamlet. Critics say the scheme at Llanwnda near Caernarfon will create problems with rubbish and noise, decrease the value of homes, and attract vandals.
Daily Post 16th Jan 2018 read more »