Hitachi Buys Newbuild Project in the UK – Video Clip
Britain’s nuclear expansion plans have been boosted after Japan’s Hitachi signed a £700m deal that will enable the UK to start building the next generation of power plants.
The engineering giant is buying Horizon Nuclear Power, which has the rights to build reactors at Wylfa on Anglesey, North Wales, and Oldbury in Gloucestershire, from its German owners E.ON and RWE npower.
In what it described as the start of a 100-year commitment to the UK, Hitachi confirmed that it intends to progress Horizon’s plans to build between two and three new nuclear plants at each site.
The facilities could be feeding electricity into the national grid in the first half of the 2020s and are expected to generate power equivalent to up to 14 million homes over 60 years.
Up to 6,000 jobs are expected to be created during construction…
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