The Welsh administration has made a last-ditch attempt to salvage a nuclear power project on Anglesey by trying to take it over from Japanese industrial giant Hitachi. The Labour-led government is understood to have approached Hitachi about acquiring the Horizon project and its staff, to keep it alive in a caretaker role until a developer can be found. Hitachi killed off plans to build nuclear power plants in the UK in September, after writing off £2 billion in 2018. The firm, whose interests range from trains to power grids, will shut down the project at the end of next month. It had planned to build a £20 billion nuclear plant at Wylfa on Anglesey. Pro-nuclear MPs and peers last week wrote to Boris Johnson warning of “grave concern” and asking for his help to revive the project. The all-party parliamentary group on nuclear energy said Horizon was “at the heart of the levelling up agenda” and that “only the UK government can facilitate a way to save the project”. A stumbling block is understood to be the value of the land, with Hitachi demanding a significant sum. An American consortium that hopes to install AP1000 reactors at Wylfa wrote to the Westminster government in September, calling for it to “acquire the site and assets of the Horizon project”.
Times 7th Feb 2021 read more »
The Wales government is said to have asked Hitachi Ltd. to let it take over the Horizon nuclear project as a caretaker until there’s a new investor, the Times of London reported. Authorities want to acquire the project on Anglesey as well as its employees, following a decision by Hitachi last year to end plans to build nuclear power plants in the U.K., the paper reported, without saying where it got the information. Hitachi is seeking a “significant sum” for the land, making it a hurdle, the paper said, adding the project will be shut down at the end of March. The Welsh government said to the paper that it won’t comment on speculation but will “continue to discuss potential ways forward with both Hitachi and Horizon.”
Bloomberg 7th Feb 2021 read more »