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According to Reuters, Hitachi Ltd's Horizon nuclear power unit has received assurances from the British government that it will soon provide loan guarantees
for the construction of two reactors in Wales.
Last week, the British prime minister met with Hitachi's chairman in London and asked to continue the project, fully expressing the government's intention to fully guarantee the loan
.
As project costs have increased, to meet new safety regulations, Hitachi also said that the UK government is still pushing the UK government to participate in the project and guarantee electricity prices to ensure that it is profitable
.
The cost of Hitachi's project in Wales surged to 3 trillion yen ($27.
4 billion)
due to stricter security measures, the newspaper said.
The British government is seeking new ways to fund the nuclear program after criticising France's EDF deal to build Britain's first nuclear power plant in 20 years, which could cost consumers £30bn ($41 billion).
Britain needed to replace aging nuclear reactors and coal plants in the 21st 2020s, but high upfront costs delayed the construction
of new plants.
(This article first published cable network: /, please indicate the source for reprinting)
According to Reuters, Hitachi Ltd's Horizon nuclear power unit has received assurances from the British government that it will soon provide loan guarantees
for the construction of two reactors in Wales.
Last week, the British prime minister met with Hitachi's chairman in London and asked to continue the project, fully expressing the government's intention to fully guarantee the loan
.
As project costs have increased, to meet new safety regulations, Hitachi also said that the UK government is still pushing the UK government to participate in the project and guarantee electricity prices to ensure that it is profitable
.
The cost of Hitachi's project in Wales surged to 3 trillion yen ($27.
4 billion)
due to stricter security measures, the newspaper said.
The British government is seeking new ways to fund the nuclear program after criticising France's EDF deal to build Britain's first nuclear power plant in 20 years, which could cost consumers £30bn ($41 billion).
Britain needed to replace aging nuclear reactors and coal plants in the 21st 2020s, but high upfront costs delayed the construction
of new plants.
(This article first published cable network: /, please indicate the source for reprinting)
/
