Boost to Britain's nuclear plans

Britain's nuclear expansion plans were boosted today after Japan's Hitachi signed a £700 million deal that will enable it to start building the next generation of power plants.

Live updates

The history behind the Horizon venture

The Horizon venture, which currently employs around 90 people, was set up in 2009 as part of the drive to meet the UK's carbon reduction goals.

But RWE and E.ON put the business up for sale in March after Germany's move to abandon nuclear power in the wake of Japan's Fukushima disaster.

Fukushima explosion after the Japanese tsunami

Doubts have grown about the private sector's commitment to the UK's nuclear programme after a consortium made up of Iberdrola, GDF Suez and SSE also withdrew from the process.

Advertisement

David Cameron welcomes Hitachi nuclear deal

David Cameron has welcomed Hitachi's takeover of Horizon Nuclear Power and the Japanese technology firm's commitment to build four to six new nuclear plants in the UK.

He said:

This is a decades-long, multi-billion pound vote of confidence in the UK, that will contribute vital new infrastructure to power our economy.

It will support up to 12,000 jobs during construction and thousands more permanent highly skilled roles once the new power plants are operational, as well as stimulating exciting new industrial investments in the UK’s nuclear supply chain.

I warmly welcome Hitachi as a major new player in the UK energy sector.

Hitachi takeover will not stop UK's nuclear expansion

Japanese technology firm Hitachi has confirmed that it intends to pursue plans to build between four and six new nuclear plants in the UK after acquiring Horizon Nuclear Power.

The new plants, which will be in Wylfa on Anglesey and Oldbury in Gloucestershire, are expected to create up to 12,000 new jobs in the construction phase and 2,000 permanent positions thereafter.

The new infrastructure could generate power equivalent to up to 14 million homes over 60 years.

Rolls-Royce has announced that it will support Hitachi in the delivery of the new nuclear reactors.

Load more updates Back to top

Latest ITV News reports