Energy Efficiency and Sustainability

30.10.12

Hitachi buys Horizon Nuclear Power

Nuclear project Horizon has been sold to Hitachi Ltd by German companies E.On and RWE. The £700m deal will see Hitachi build reactors on existing sites at Wylfa, Anglesey and Oldbury, near Bristol.

Preliminary contracts have been signed with UK companies Babcock International and Rolls-Royce, and the deal should be complete by the end of November.

Hitachi plans to build 6 gigawatts of nuclear capacity and the first plant is expected to be operational within the first half of the next decade. Each site will create up to 6,000 jobs in the construction phase, plus 1,000 permanent jobs once operational.

Horizon Nuclear Power was put up for sale in March, as E.On and RWE moved out of the nuclear power market.

Prime Minister David Cameron said: “This is a decades-long, multi-billion pound vote of confidence in the UK, that will contribute vital new infrastructure to power our economy.

“It will support up to 12,000 jobs during construction and thousands more permanent highly skilled roles once the new power plants are operational, as well as stimulating exciting new industrial investments in the UK's nuclear supply chain. I warmly welcome Hitachi as a major new player in the UK energy sector.”

Energy secretary Ed Davey said: “Hitachi bring with them decades of expertise, and are responsible for building some of the most advanced nuclear reactors on time and on budget, so I welcome their commitment to helping build a low-carbon, secure-energy future for the UK.”

Isle of Anglesey County Council leader, Cllr Bryan Owen, said: “This is an important development which represents a significant step forward in terms of securing a new power station on Anglesey. More importantly, it’s a major step towards realising significant local job creation and investment in the Anglesey economy, as well as wider benefits for the North Wales region.” 

Tell us what you think – have your say below, or email us directly at opinion@publicsectorexecutive.com

Comments

There are no comments. Why not be the first?

Add your comment

Please enter the code shown in the image into the box below
(note: this is case sensitive)



Can't read this one? Try another

public sector executive tv

more videos >

latest public sector news

Cornwall council warns schools that one of its councillors ‘poses a potential risk’

21/11/2014Cornwall council warns schools that one of its councillors ‘poses a potential risk’

Cornwall council has written to schools and sports clubs in the ward of one of its councillors to warn them he poses a “potential risk&rdqu... more >
High-speed rail can deliver regeneration benefits – ITC

21/11/2014High-speed rail can deliver regeneration benefits – ITC

High-speed rail (HSR) can be the cornerstone for a step change in the integration and improvement of regional infrastructure in the UK, according... more >
UKIP’s Reckless wins Rochester and Strood by-election

21/11/2014UKIP’s Reckless wins Rochester and Strood by-election

UKIP has secured its second elected MP at Westminster after Mark Reckless won yesterday’s Rochester and Strood by-election.  Desp... more >

editor's comment

12/10/2014Where the buck stops

Professor Alexis Jay’s report into the abuse in Rotherham grabbed the national headlines and forced a number of high-profile resignations. It’s also prompted a flurry of new inquiries and investigations, all aimed at finding out just how our systems let the children of that town down so badly – and how to prevent it ever happ... read more >

featured articles

View all News

last word

Recovery of public sector exit payments

Recovery of public sector exit payments

Paul McFarlane of the Employment Lawyers Association says the government has created confusion and set itself an impossible task with its proposals to claw back public sector managers’ exit... more > more last word articles >

the raven's daily blog

Polls open in Rochester and Strood by-election

20/11/2014Polls open in Rochester and Strood by-election

The polls are open in the Rochester and Strood by-election where it is widely expected that UKIP candidate, and former Conservative MP, Mark Reckless will comfortably keep the seat. Reckless would become UKIP’s second MP in Westminster and he has further unsettled the Tories with claims that two other members of his former party are... more >
read more blog posts from 'the raven' >

featured events

Moving towards integrated commissioning: How can we prepare for the future?

05 Feb 2015 __:__

*10% discount for Public Sector Executive subscribers: register now* When it comes to comm...

read more >

Leading change in dementia diagnosis and support: How can we prepare for the future?

24 Feb 2015 __:__

*10% discount for Public Sector Executive subscribers: register now* With the National Dem...

read more >
view all events

events calendar

back

November 2014

forward
mon tue wed thu fri sat sun
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13

Risky Business 2014

13/11/2014 09:00 - 14:30

An annual cyber security conference and free networking event for the public and private sectors. Risky Business brings government, business and cyber security professionals together in order to debate and discuss the current and future cyber threat posed to the UK in terms of origin, severity and defence. Risky Business 2014 will conclude with a networking lunch in order that delegates are able to meet the keynote speakers.

14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
1 2 3 4 5 6 7

comment

Public procurement – new regulations bring a few surprises

12/10/2014Public procurement – new regulations bring a few surprises

Mark Johnson, partner at public services law firm Geldards LLP, considers the new rules for procuring public contracts. The European Commiss... more >
Academy schools and the structural reform of education

12/10/2014Academy schools and the structural reform of education

Education policy expert Stephen Rayner questions the governance and autonomy of academy schools and explores the mismatch between expectations an... more >
A clear statement of intent on diversity in the Civil Service

12/10/2014A clear statement of intent on diversity in the Civil Service

Sir Simon Fraser, Head of the Diplomatic Service, Permanent Under-Secretary at the Foreign Office, and Civil Service Diversity and Inclusion Cham... more >
A programme for effective government

12/10/2014A programme for effective government

Nicola Hughes, senior researcher at the Institute for Government, discusses the importance of thinking through party pledges to deliver major pol... more >

interviews

Local by default

12/10/2014Local by default

Locality, the umbrella organisation representing community renewal and neighbourhood action groups, has appointed a new CEO to take over from Ste... more >
The costs of care

12/10/2014The costs of care

Many councils are worried about the costs of implementing the Care Act, especially in London where costs are even higher and there are unique dem... more >
Councils looking to redevelop their estate – not just sell it off

12/10/2014Councils looking to redevelop their estate – not just sell it off

Alex Thomson, chief executive at Localis, talks to PSE about the changing mentality of local authorities in dealing with their land and assets &m... more >
Creative thinking to take children’s services forward: interview with Alan Wood

12/10/2014Creative thinking to take children’s services forward: interview with Alan Wood

Alan Wood, president of the Association of Directors of Children’s Services, gives his thoughts on how local authorities can attempt to saf... more >

public sector focus

View all News