Hitachi makes £20bn nuke investment

Japanese engineering giant's investment in the British nuclear sector will create up to 14,000 new jobs

LAST UPDATED AT 12:21 ON Wed 31 Oct 2012
HITACHI MAKES £20BN NUKE INVESTMENT

Hitachi is to invest £20bn in the British nuclear sector, building new reactors and creating up to 14,000 jobs. The Horizon joint venture, owned by E.ON and RWE, has sold two empty reactor sites in Anglesey and Gloucestershire to Hitachi for £700 million, The Times reports. The Japanese engineering giant hopes to build between four and six new reactors on the sites. Hitachi is confident the level of government subsidy will make the new power plants economic. The final decision on whether to invest the £20bn will be made in four or five years’ time, once its reactor design has been approved by regulators.

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