UK Decarbonisation Policy In Disarray As Nuclear Power Plants Face The Axe

  • Date: 11/01/19
  • Nikkei Asian Review

Hitachi plans to put a U.K. nuclear power project on hold as negotiations with the British government over funding hit an impasse, all but closing the book on Tokyo’s vision for nuclear infrastructure exports.

The Japanese industrial conglomerate’s board is expected to officially decide next week to suspend all work on the plant, including design and preparations for construction. Hitachi will freeze the roughly 300 billion yen ($2.77 billion) in assets held by its British nuclear business and write down their value, likely booking a loss of 200 billion yen to 300 billion yen for the fiscal year ending in March.

Full story

8 November 2018: UK nuclear power station plans scrapped as Toshiba pulls out

Recent Popular Articles


We use cookies to help give you the best experience on our website. By continuing without changing your cookie settings, we assume you agree to this. Please read our privacy policy to find out more.