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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.

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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:

Nuclear is one of the best ways to generate reliable low carbon electricity at scale, and the sale of Horizon gives the new nuclear programme a real boost.

Hitachi reactors are being built on time and on budget in Japan and there is no reason why we can’t expect the same in this country. The reactor approval process now needs to be undertaken swiftly and a realistic strike price set.

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