The government is remaining tight-lipped about funding plans for a new nuclear power station in Wales, despite reports it is set to fund the Hitachi venture.
Reuters and Japanese newspaper, The Mainichi, have reported that the British government had provided guarantees for the loans to nuclear developer Hitachi for its Horizon venture at Wylfa.
But the Department for Business, Energy and Industrial Strategy (BEIS) said it did not recognise the reports. It went on to say that nuclear power remains a crucial part of the UK’s energy mix, but it had always been clear that capacity must be “delivered at the right price for consumers and taxpayers”.
“This principle runs through all our engagement with any new build developers. These discussions are commercially sensitive and we have no further details at this time,” a spokesperson said.
The firm has already spent £2bn on Horizon, which includes developing a nuclear power station at Wylfa.
Last week, Hitachi’s chairman met with prime minister Theresa May, as he seeks government funding for its proposed nuclear plant in Anglesey.
The 2.9 gigawatt power station at Wylfa is due to start generating electricity in the mid-2020s.
The developers behind the Wylfa Newydd nuclear power plant have put forward proposals to clear around 121ha at the Welsh site
Last month, National Grid called for contractors to express interest in works on a pipeline of major cable tunnel projects including a £100M tunnel under the Menai Strait which will serve the Wylfa site.