Hitachi Set To Abandon New Nuclear Plant In Wales

Hitachi is on the verge of abandoning its plan to build a nuclear power station at Wylfa in Wales in a move that would leave the UK’s energy strategy in jeopardy.

Hitachi is on the verge of abandoning its plan to build a nuclear power station at Wylfa in Wales in a move that would leave the UK’s energy strategy in jeopardy.

According to people familiar with financing discussions for the Wylfa plant, a lack of firm investor commitments means Hitachi can no longer keep putting money into the so-called Horizon project and will announce it is to pull the plug at a board meeting next week.

The suspension of construction at Wylfa, which follows Toshiba’s abandonment of a nuclear project in Cumbria late last year, will cause job losses in Wales and leave the UK with nowhere to turn but China if it wants to keep building nuclear power stations.

The loss of several planned nuclear plants leaves a gaping hole in Britain’s plans for a new fleet of nuclear reactors to keep the lights on in the coming decades as old reactors and coal plants are closed down.