The Japanese government is calling on the country’s financial institutions to make good on an arrangement it has made with the UK government to put together a financial package totalling 1 trillion yen ($8.7 billion) for a UK nuclear power plant project. The project is spearheaded by Hitachi, which will be promoting Japan’s nuclear technology in anticipation of a nuclear power boom. The British government has contracted Hitachi unit Horizon Nuclear Power to build and run two nuclear power reactors at a site on the Welsh coast known as Wylfa Newydd. The total project cost is estimated at around £19 billion ($24.1 billion) in all. It has been rumoured that the UK will pay 25% of that, with Hitachi contributing around 10%.
Modern Power Systems 21st Dec 2016 read more »