An artist’s impression of the Wylfa Newydd plant, without which the UK faces a “looming energy crisis” PAGovernment plans for a new generation of nuclear power stations are in disarray after a second company in two months announced that it will stop work on the projects. Hitachi said today that it was suspending its nuclear development programme in the UK, placing on hold plants at Wylfa Newydd on Anglesey and Oldbury-on-Severn in south Gloucestershire. The Japanese company, which will write off £2 billion spent on preparatory work, is withdrawing despite having been offered several sweeteners by the government. Greg Clark, the business secretary, revealed that the government had offered to take a one third equity stake in the £15billion Wylfa plant, finance the borrowing needed to build it and give a guaranteed price of £75 per megawatt hour for its electricity, well…

Source: The Times January 17, 2019 12:05 UTC