Img Credit: Horizon Nuclear Power

Hitachi has suspended construction of the new nuclear power stations in Anglesey and Gloucestershire. The decision followed some speculation that Hitachi’s nuclear development plans were on hold after failed negotiations with the government based on financing. The Japanese conglomerate concluded that more time is needed to develop a financial structure for the Wylfa Newydd Project. That assessment also included the conditions for construction and operation of facilities.

The nuclear power stations were intended for Wylfa Newydd Anglesey in North Wales and Oldbury on Severn in South Gloucestershire. Horizon Nuclear Power, which Hitachi acquired in 2012, had planned to develop at least 5,800MW of nuclear power across the sites. Adding insult to injury, both sites would have created around 850 full-time positions and 9,000 jobs during construction.