- 15 updates
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.
Boost to Britain's nuclear expansion plans
The UK's stuttering nuclear renaissance received a huge boost on Tuesday when Japanese engineering giant Hitachi took over plans to build two power plants in a £700 million deal which will create thousands of jobs.
ITV News' Business Editor Laura Kuenssberg reports:
Davey: 'There will be no nuclear subsidy'
The Energy Secretary Edward Davey has defended the 'contracts for difference' telling ITV News Business Editor Laura Kuenssberg that it is not a subsidy by another name.
There are questions over a minimum price guarantee having to be underwritten by the tax-payer and acting as a subsidy.
Friends of the Earth: 'Hitachi plant is turning the clock back for Wales'
Friends of the Earth Cymru have spoken out against the announcement that Japanese company, Hitachi, will be building a nuclear power plant on Anglesey.
Welsh Minister: 'Nuclear plans are terrific news for Anglesey'
Wales' First Minister Carwyn Jones has insisted that new nuclear plants on Anglesey would be good for the Welsh economy, while Welsh Secretary David Jones called the deal a "huge boost" for the principality.
Labour: 'Nuclear has a vital role to play'
Caroline Flint MP, Labour's Shadow Energy and Climate Change Secretary, said:
Greenpeace slams nuclear investment
Greenpeace Energy Campaigner Leila Deen:
Unite: 'Hitachi is good news for jobs and low carbon future'
Unite has welcomed the news that Japanese company Hitachi will take over the Horizon venture, Kevin Coyne from the union said:
Institute of Directors welcomes Hitachi nuclear investment
After the announcement that Hitachi is buying the Horizon nuclear project, Corin Taylor, Senior Economic Adviser at the Institute of Directors, said:
Davey: 'Horizon will provide cheaper energy through diversity'
Energy Secretary Edward Davey said the announcement was "a vote of confidence" in the Government's energy policy.
He told BBC Radio 4's Today programme:
'Horizon is an important milestone in securing low-carbon energy'
Mike Clancy, general secretary-designate of the Prospect union, said:
Latest ITV News reports
What will it cost for Japan to rescue new nuclear?
Ministers will delightedly make their announcements later. But one question remains - how much subsidy will new nuclear receive?