Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Hitachi completes Horizon nuclear power deal

Japanese engineering giant Hitachi has completed its purchase of new nuclear build Horizon for £696M, the firm announced today.

Hitachi is buying Horizon Nuclear Power - owns nuclear power plants in Wylfa in Anglesey and Oldbury in Gloucester - from German energy firms RWE and Eon.

The firm is now entering discussions with the Office of Nuclear Regulation into the putting its Advanced Boiling Water Reactor through the generic design assessment - a four step licensing process excluding site specifics - starting early 2013.

Four ABWR have already been built in Japan, with the technology already licenced in the several countries including the US.

The firm will now look to engage the supply chain through holding a series of regional and national early next year to help build its planned two to three 1,300MW nuclear power plants at Wylfa and Oldbury.

“Hitachi is committed to helping the UK achieve its vision of a secure, low-carbon and affordable energy supply,” said Hitachi nuclear systems division general manager Masaharu Hanyu.

“The acquisition of Horizon is the first step in this journey, which will see us strive to build a strong UK power production company and support the creation of thousands of highly-skilled jobs in the UK’s energy sector.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.