Wylfa Newydd nuclear power station

Hitachi to End Business Operations on the UK Nuclear Power Stations Construction Project

Wednesday, September 16, 2020 - 11:17am

TOKYO, Sept 16, 2020 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced that it will end business operations on the nuclear power plant construction project in the United Kingdom (Horizon Project), which was suspended in January 2019 (1).

Key Points: 
  • TOKYO, Sept 16, 2020 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced that it will end business operations on the nuclear power plant construction project in the United Kingdom (Horizon Project), which was suspended in January 2019 (1).
  • The Horizon Project is a proposal by Horizon Nuclear Power Limited, which Hitachi acquired in November 2012, to develop nuclear power stations comprising of two units of UK ABWR(2) at Wylfa Newydd in Anglesey, North-West Wales, with the intention to develop Hitachi's nuclear business in the UK and contribute to the energy policy of the UK government, as well as maintaining the business foundation that supports the nuclear industry in Japan.
  • As a result of this decision to end business operations on the Horizon Project, Hitachi will coordinate with the UK government and relevant organizations regarding its cooperation as the owner of ABWR licence(3) and the handling of the planned construction sites and other matters.
  • Hitachi will continue to contribute to improve social, environmental and economic value and people's quality of life through its Social Innovation Business, including the energy business.