30 Oct '12, 7am

Ministers welcome #Hitachi new #nuclear investment programme #jobs

UK Government Ministers today welcomed the announcement that Japanese technology firm Hitachi Ltd has acquired Horizon Nuclear Power, the venture set up in 2009 by RWE and E.ON, in a deal that will help the UK meet its energy security and carbon reduction goals, and bring a massive economic benefit. In what it describes as the start of a 100 year commitment to the UK, Hitachi this morning confirmed that it intends to progress with Horizon Nuclear Power’s plans to build between two and three new nuclear plants at Wylfa on Anglesey and the same at Oldbury in Gloucestershire. In total this new infrastructure could generate power equivalent to up to 14 million homes over 60 years. The first plant could be feeding electricity into the grid in the first half of the 2020s. Hitachi is making a strong commitment to the UK supply chain. About 60% of the value of the first plant is e...

Full article: http://www.decc.gov.uk/en/content/cms/news/pn12_135/pn12_...

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