Hitachi Ltd shares rose as much as 2.9 percent on Monday after Japan’s TV Asahi reported the firm is considering scrapping its 3 trillion yen ($26.61 billion) nuclear project in Britain due to projections of further increases in construction costs. Hitachi’s Horizon Nuclear Power plans to build over 5 gigawatts of new nuclear capacity at two sites in Britain – the first at Wylfa Newydd in Wales. The project will be discussed at Hitachi’s board meeting on Tuesday, and a conclusion is likely to be made by the end of the business year through March, TV Asahi reported. Giving up the project would incur Hitachi a 270 billion yen loss, it said.
Reuters 10th Dec 2018 read more »