UK to guarantee Wylfa nuclear plant by 2016

UK to guarantee Wylfa nuclear plant by 2016

UK to guarantee Wylfa nuclear plant by 2016

The UK Government will financially back a new nuclear power station in Anglesey in North Wales within three years.

Today the Government announced it has a co-operation agreement with UK nuclear project Horizon, which is owned by Japanese firm Hitachi to guarantee the financing by 2016.

The Wylfa Newydd plant is one of 40 priority projects in the Coalition’s Fourth National Infrastructure Plan published today.

This document sets the start date for building at Wylfa as 2018. It could generate enough energy for up to three million homes.

Masaharu Hanyu, Deputy Chairman of Hitachi Europe said: “This co-operation agreement is a welcome demonstration of the UK Government’s equal commitment to making a new generation of nuclear power stations a reality.”

Horizon Chief Operating Officer Alan Raymant added: “It will build confidence amongst our supply chain, future workforce, local communities and importantly potential investors.”

Read more here http://www.energylivenews.com/2013/12/04/uk-to-guarantee-wylfa-nuclear-plant-by-2016/

Source: Energy Live News

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