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Wylfa negotiations continue as Welsh secretary heads to Japan

Wylfa aerial cgi 3 by 2

Talks about construction of the £20bn Wylfa nuclear plant in North Wales are set to continue as Welsh secretary Alun Cairns heads to Japan to meet with officials from Hitachi.  

Cairns will spend three days in Japan meeting with officials including representatives from Hitachi. He will discuss the currently “suspended” plans for a new nuclear power plant on Anglesey.  

Plans for the plant, which was set to provide 2.9GW to the national grid were put on ice last month after Hitachi expressed concern about the government contribution to the project.  

Hitachi is developing the project through its nuclear subsidiary Horizon Nuclear Power.  

Despite the project’s suspension, work to complete the development consent order for project is continuing so the project can restart quickly if a new financial plan is agreed.  

Chancellor Philip Hammond has already said that the government is now working on a new financing model for the project in an attempt to persuade Hitachi to reconsider its decision.  

Business secretary Greg Clark previously confirmed that the government is considering whether to introduce regulated asset base (RAB) financing for nuclear projects.  

RAB financing has been used previously in the water industry.  

Wylfa’s suspension was a major blow for North Wales, as the plant’s construction and operation would have added 9,000 jobs to the region.   

Horizon Nuclear Power have been approached for comment.  

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Readers' comments (1)

  • 9,000 jobs for a few years and then back to 20 or 30. Is it worth it? Then after 30 or 40 years and 10bn$ later the thing will need to be taken apart. And then for the next 20,000 generations the nuclear fuel will need to be looked after. Not worth it. Why doesn't the welsh secretary go chasing funding for the barrage. long lasting infrastructure and less of a problem to decommission. It provides flood protection for rising sea levels and a good base load power generation. Its insurable too and can be all designed and built by UK engineering companies. So many pluses compared to so many negatives for nuclear power.

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