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    Home > Chemicals Industry > International Chemical > The UK is likely to invest in new nuclear power plants in Wales

    The UK is likely to invest in new nuclear power plants in Wales

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    According to Reuters, Britain's business secretary said Britain may invest directly in the construction of a new nuclear power plant
    in northern Wales.

    The plant, which will be built by one from Hitachi, will serve as Hinkley Point C in southwest Britain as part of a new generation of nuclear power plants that London says will need to replace aging reactors and polluting coal plants
    .

    However, private investors have proven unwilling to bear the huge costs of new nuclear power plants, and the government has come under fire
    for agreeing to pay higher prices for Hinkley Point C's electricity than rival power projects.

    The UK Secretary of State for Business, Energy and Industrial Strategy told parliament that "for this project, the government will consider direct investment
    with Hitachi, Japanese government agencies and other partners.
    " ”

    He said current talks with Hitachi will begin now, with a focus on reducing costs
    for consumers.
    Hitachi Horizon plans to build at least 5.
    4 gigawatts of new nuclear capacity at two sites in the UK, the first for Wylfa Newydd, Wales
    .

    Considering that the move to invest directly in Wilfa and the power station projects comes after the French EDF reached an agreement with Hinkley Point C, government auditors also strongly recommended a new financing model
    .

    :/, please indicate the source for reprinting)

    According to Reuters, Britain's business secretary said Britain may invest directly in the construction of a new nuclear power plant
    in northern Wales.

    nuclear power plant

    The plant, which will be built by one from Hitachi, will serve as Hinkley Point C in southwest Britain as part of a new generation of nuclear power plants that London says will need to replace aging reactors and polluting coal plants
    .

    However, private investors have proven unwilling to bear the huge costs of new nuclear power plants, and the government has come under fire
    for agreeing to pay higher prices for Hinkley Point C's electricity than rival power projects.

    The UK Secretary of State for Business, Energy and Industrial Strategy told parliament that "for this project, the government will consider direct investment
    with Hitachi, Japanese government agencies and other partners.
    " ”

    He said current talks with Hitachi will begin now, with a focus on reducing costs
    for consumers.
    Hitachi Horizon plans to build at least 5.
    4 gigawatts of new nuclear capacity at two sites in the UK, the first for Wylfa Newydd, Wales
    .

    Considering that the move to invest directly in Wilfa and the power station projects comes after the French EDF reached an agreement with Hinkley Point C, government auditors also strongly recommended a new financing model
    .

    :/, please indicate the source for reprinting)

    /
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