Russia's state nuclear operator Rosatom is reportedly interested in a bid to build a new nuclear power station on Anglesey.
There are reports that Russia's state nuclear operator Rosatom is ready to step in to deliver a new nuclear power station on Anglesey.
Developers E.ON and RWE pulled out of plans to build 'Wylfa B' last month, leaving the project - and the thousands of jobs it promised to bring to North Wales - in doubt.
Meetings are taking place on Anglesey to find a solution to the problems facing the Wylfa B project. The two companies backing the project, RWE npower and E.on pulled out yesterday.
They are meeting with representatives from the council as well as the local AM and MP.
The Assembly Member for Angelsey, Ieuan Wyn Jones, says that whilst delayed, the project should go ahead as three years of preparatory work has already been done. He said that two French firms including EDF and a Swedish company had shown interest in the project at the time Horizon was formed.
He says that RWE npower and E.on faced problems that other companies wouldn't when working to make the Wylfa B project work.
Local businesses had already been planning for a better future on the back of Wylfa B but now those plans are in tatters. Ian Lang has been to meet some of those affected by today's announcement.
Our business correspondent Carole Green reports on the withdrawal of plans to build a nuclear power station on Anglesey.
First Minister Carwyn Jones says there is still 'significant interest' from companies wanting to build a new nuclear power station on the Wylfa site on Anglesey. Mr Jones says he's spoken to UK Energy Secretary Ed Davey today and will continue to work to ensure a new power station is built there.
Mr Jones also said that 'interest has been signalled to us today' but wouldn't be drawn on which companies had expressed that interest
Following today's announcement, Horizon, the joint firm who have withdrawn their plans to build a nuclear power station on Anglesey, have said the decision not to proceed was taken following a strategic review. They issued the following statement:
– Alan Raymant, Horizon Chief Operating Officer
We are grateful for the support and backing of E.ON and RWE npower since the company was formed.
We are also very pleased to enjoy broad public and political support, in particular from the communities around our sites. This continues to make nuclear new build an attractive proposition.
We have made good progress in developing our sites, in particular our lead site at Wylfa, and a strong organisation capable of delivering nuclear new build in the UK.
We will now focus on consolidating the progress made and working with our shareholders as they investigate the opportunities for new ownership.
Ieuan Wyn Jones, AM for Anglesey said today's news had come as a shock to everyone.
– Ieuan Wyn Jones AM, Ynys Môn
It's extremely disappointing news given the fact the prospect was to create hundreds of jobs.
The local authority, UK Government and Welsh Government now have to work together to persuade another company to take on the project.