More News
POWER UTILITY | Staff Reporter, Japan

Japan to fork out $8.7b for UK nuclear project

The project will cost $24.1b with Hitachi covering 10% of the amount.

Nikkei Asian Review reported that Japan will put together an aid package seen totaling 1 trillion yen ($8.7 billion) for a U.K. nuclear power plant project spearheaded by Hitachi, promoting the country's power technology ahead of an anticipated nuclear boom.

The British government has contracted Hitachi unit Horizon Nuclear Power to build and run two nuclear power reactors at a site on the Welsh coast known as Wylfa Newydd. The project at this point is seen costing around 19 billion pounds ($24.1 billion) in all. It has been proposed that the U.K. pay at least 25% of that, with Hitachi shouldering around 10%.

View the full article here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.