A proposed nuclear power station on Anglesey has been given the name 'Wylfa Newydd', Horizon Nuclear Power has revealed.
The group said the name, which translates as 'New Wylfa', was chosen in recognition of "the opportunities and benefits it will bring to the island in the years ahead".
Japanese industrial giants Hitachi stepped in after developers E.ON and RWE pulled out of the project, initially referred to as 'Wylfa B'.
The agreement on a new nuclear power station at Hinkley Point in Somerset is 'a positive step forward' for similar plans for Anglesey, according to the Welsh Secretary. David Jones says the deal marks 'the start of a renaissance in British nuclear power generation.'
Today’s announcement at Hinkley Point will provide the added impetus for Wales to exploit its own energy potential. It underlines the UK’s position as one of the most attractive electricity investment markets in the world.
Hitachi’s investment at Wylfa B offers significant potential benefits to the economy in Wales, and particularly on Anglesey, through increased high-quality employment and supply chain opportunities.
Hundreds of business people have packed a conference in North Wales today to see just how a new nuclear power station could boost Anglesey's economy - and the finances and job prospects of the suppliers across the region.
An existing nuclear reactor on Anglesey could continue producing power until December 2015, according to its operator.
Wylfa was expected to shut down in 2014.
On its website today, operator Magnox said the plans are subject to Periodic Safety Review (PSR) approval.
Reactor 2 at the site was shut down last year.
The company behind plans to build a new power station at Wylfa on Anglesey will share its vision for the site with local businesses today.
Horizon Nuclear Power is holding two events, one in Llandudno and one in Gloucester, to give local businesses a chance to see what opportunities are available.
There will be presentations from Horizon's chief operating officer and the chief executive of Hitachi, as well as a key note speech from Economy, Science and Transport minister Edwina Hart AM.
The events are expected to attract around 200 business delegates, as well as a range of industry bodies including the Energy Island Programme, the National Advanced Manufacturing and Research Centre Nuclear, and the Nuclear Industry Association.
There are hopes on Anglesey tonight that a new developer could sign up for the massive Wylfa B nuclear power station scheme within days.
The Japanese industrial giants GE Hitachi are said to be interested - and independent commentators suggest a deal could be agreed as early as this week.
UK Minister announces grant and a commitment to the building of a new nuclear site on AngleseyRead the full story ›
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.