Tuesday, 30 October 2012

Hitachi buys right to build next generation of British nuclear power plants in £700million deal

Hitachi buys right to build next generation of British nuclear power plants in £700million deal: http://www.dailymail.co.uk/news/article-2225160/Hitachi-buys-right-build-generation-British-nuclear-power-plants-700million-deal.html#ixzz2AmRkFh7U "Britain’s nuclear expansion plans have been boosted after Japanese engineering giant Hitachi signed a £700 million deal that will enable it 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, which could be feeding electricity into the national grid in the first half of the 2020s, 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 at each site, with a further 1,000 permanent jobs at both locations once operational."
And the news at WNN: http://www.world-nuclear-news.org/C_Horizon_back_in_focus_3010122.html "Hitachi will take forward the Horizon Nuclear Power project, having secured the company with a bid of £696million ($1.1 billion). Between four and six boiling water reactors are now slated for construction in Britain.
The Japanese firm now takes ownership of the project company set up by EOn and RWE to develop new reactors at two UK sites: Wylfa and Oldbury. It will "immediately" set about securing generic design acceptance for its Advanced Boiling Water Reactor from the UK nuclear safety regulators. With that approval, as well as planning permission, Hitachi would then be able to go ahead with building the units. Two or three reactors are planned for each site, with the first one in operation before 2025." 

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