Skip to content
Subscriber Only

U.K. Offers Hitachi Support for Wylfa Nuclear Power Project

  • Equity stake, loan guarantees, international pacts discussed
  • Government wants to cut cost of nuclear for future plants
Updated on

The U.K. government is ready to provide support to Hitachi Ltd.’s 20 billion-pound ($27 billion) nuclear project in exchange for a lower guaranteed power price once the two reactors are up and running.

There are several funding options still being discussed, including a direct equity stake in the project, a sovereign guarantee on loans and a partnership between the U.K. and Japanese governments, said Richard Harrington, the under secretary of state for business and industry.