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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