Hitachi has plans to build a new reactor on the site of the existing nuclear plant at Wylfa on Anglesey christopher furlong/Getty ImagesBritain’s plans for a nuclear power revival could hinge on a meeting in Japan today to discuss the viability of a £15 billion twin-reactor in Wales. The board of Hitachi, the Japanese group behind the Horizon nuclear project, is due to discuss the British government’s latest proposal on the financial terms for building the plant. Ministers are insisting that the planned 2,900-megawatt power station on Anglesey is cheaper for consumers than the £20 billion Hinkley Point C project being constructed by EDF, of France, and Chinese investors. The 3,200MW Hinkley Point project has been mired in controversy since it emerged that Theresa May had signed up consumers to a 35-year deal guaranteeing payments of £92.50 per megawatt-hour for the energy that the plant generates.

Source: The Times May 27, 2018 23:08 UTC