The government of Japan is considering a plan to help its companies win work on the UK’s nuclear programme by making it easier for them to obtain project finance. The Japan Times reports that the government may ask the Japan Bank for International Cooperation and the Development Bank of Japan to provide loans to companies that build and operate nuclear power stations, including finance for equity investments. According to sources close to the Japanese government, the aim is to establish a framework for financial assistance totalling about ¥1 trillion ($8.5bn). The aim is to use government money to attract private capital from Japanese and British financial institutions. Other reports suggested that the Japanese government might find as much as $15bn, but that negotiations were continuing.
Global Construction Review 16th Dec 2016 read more »
The UK and Japanese government are in talks with the owner of Horizon Nuclear Power over the possible public financing of the Wyfla Newydd plant it is planning to build in Wales, the Financial Times has reported.
Utility Week 16th Dec 2016 read more »