26 November 2012

Hitachi Finalizes Purchase of Horizon Nuclear Project

It now official that Hitachi has finalized its purchase of the Horizon Nuclear Project which means that the company will now build nuclear power stations on Anglesey and in Gloucestershire. As a result, the company has development plans that include two to three 1,300 megawatt nuclear power plants at both Wylfa and Oldbury, where it is expected that the first reactor will be operational around 2025.

In this context, Hitachi is investing in local skills thus providing a further £90,000 for apprentice training named the Cwmni Menai Prentis scheme which is to be provided by Coleg Menai college which is based on Anglesey.

Horizon chief operating officer Alan Raymant stated: "We're delighted that the deal has completed...It secures the future of Horizon and represents a real economic opportunity for north Wales... Our project will be a multi-billion pound investment, creating around 6,000 construction jobs at peak, and 1,000 operational jobs when completed."

This project purchase by Hitachi resulted after RWE and E.ON had the project for sale as they were the previous owners.

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