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.”