Hitachi to plug North Wales nuclear power plant | Business

A Japanese company is abandoning plans to build a new nuclear power plant at Anglesi on the North Wales coast, raising hopes of thousands of jobs involved in its construction and thwarting the UK’s ambition to become a “net zero carbon” emission country by 2000. Of course.

Tokyo-based multinational Hitachi announced on Wednesday that it would permanently scrap plans for a ১ 1.6 billion Wilfa power plant. Work on the Wilfa Nude project, which is next door to an existing, dilapidated power plant, has already been suspended after Hitachi failed to reach a funding agreement with the UK government, but the planning process continues.

Justin Bowden, a national official at the GMB Union, said: “This completely predictable announcement from Hitachi is the result of continued government failures centering on the new nuclear, and in particular how it is financed.

“It’s no coincidence that governments around the world – almost without exception – are the ones that finance these projects because they are the last resort when it comes to lighting. The imaginary test of trying to subsidize our future energy needs to foreign companies or governments has shocked most ordinary citizens of this country. “

Data developer Horizon Nuclear, which is owned by Hitachi, declined to say.

A group of 100 companies, including unions and businessmen, backed plans to build a nuclear power plant at Sizewell in Suffolk, but Wilfa expressed concern about the decision.

Cameron Gilmore, a spokesman for the Sizewell Sea Consortium, said: “The news has serious repercussions for both companies in Wales and across the UK. The Wilfa nuclear project could have been another important milestone for the UK’s nuclear supply chain and created thousands of jobs.

See also  How will we be in 2030?

Sign up for the Daily Business Today email or follow the Guardian Business on Twitter @businessdesk

“If Sizewell C, the Hinkley Point C under construction, is not replicated, there is now a serious risk to the future of the UK’s civilian nuclear capability and the thousands of jobs it will carry.”

Dr Doug Parr, chief scientist at Greenpeace UK, said: “The ever-increasing cost of nuclear energy has surpassed the growing cost of renewal many years ago, and a new reactor now supplies electricity at more than double the cost of new offshore wind farms.

“Building this lifeless industry has become much more difficult and costly for a handful of governments still waiting for a nuclear revival. We hope that the UK government will decide to leave Welfa as a final confirmation of what the power market has been trying to say for a long time. Hitachi’s decision – Britain’s future is renewable. “

You May Also Like

About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

Leave a Reply

Your email address will not be published. Required fields are marked *