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Firms halt nuclear plant plans

RWE npower and E.ON have announced they will not proceed with their "Horizon" project, which looked to develop new nuclear plants at Wylfa in North Wales and Oldbury-on-Severn in Gloucestershire.

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Expert warns over nuclear setback

Professor Dame Sue Ion, a Fellow of the Royal Academy of Engineering, said the decision by RWE and E.ON was a warning to the Government.

Not only is new nuclear build stalling, but investment is stalling generally across the energy industry.

Large amounts of capital require large amounts of cash and the recession, especially in Europe, is making access to cash difficult.

This decision will bring home to government how challenging it is when investment decisions are left entirely to the market.

We are now in a position where investment by UK utilities in the UK is being affected by decisions taken overseas.

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