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

 

public sector executive tv

more videos >

latest public sector news

Civil Service to impose further caps on public sector exit pay

28/09/2016Civil Service to impose further caps on public sector exit pay

Unions have been told to accept a reduction in public sector exit payments to avoid an even greater reduction, it has emerged. In a letter t... more >
Lancashire CC warned of intervention risk over unsustainable funding

28/09/2016Lancashire CC warned of intervention risk over unsustainable funding

Funding at Lancashire County Council will no longer be sustainable by 2020-21 even if it implements a rigorous programme of safety cuts, putting ... more >
Boundary Commission advises against Croydon plans to cut councillors

27/09/2016Boundary Commission advises against Croydon plans to cut councillors

Proposals to cut the members of London Borough of Croydon from 70 councillors to 60 have been opposed by the Local Government Boundary Commission... more >

editor's comment

19/08/2016A new wave of uncertainty

Since the last edition of PSE, the landscape facing the public sector has altered dramatically and brought with it a great deal of uncertainty – as if there wasn’t enough of that before.  Following the UK’s vote to leave the European Union (well, the English and Welsh vote), we have a completely new-look government,... read more >

last word

How prepared is the public sector for the NLW?

How prepared is the public sector for the NLW?

Conor D’Arcy, policy analyst at the Resolution Foundation, looks at the potential impact of the National Living Wage (NLW) and apprenticeship levy on public sector employers and the importa... more > more last word articles >
149x260 PSE Subscribe button

the raven's daily blog

Finding the Digital Pulse of Health and Care

26/09/2016Finding the Digital Pulse of Health and Care

Mike Badham, Healthcare Solutions Architect for Cisco Systems Inc., discusses the importance of digital technology in the modern world of health and care provision, while exploring how a digital strategy can be the key to unlocking efficiencies.  It was Mahatma Gandhi who said ‘your health is your real wealth’. And h... more >
read more blog posts from 'the raven' >

comment

A second generation LGPS

05/09/2016A second generation LGPS

Cllr Kieran Quinn, chair of the Greater Manchester Pension Fund and Local Authority Pension Fund Forum, and leader of Tameside MBC, discusses the... more >
Housing associations: proactive and reactive to homelessness

05/09/2016Housing associations: proactive and reactive to homelessness

Kat Sellers, health partnershipco-ordinator at the National Housing Federation, runs through the many benefits of working alongside housing assoc... more >
Beyond integrated care and towards population health systems

31/08/2016Beyond integrated care and towards population health systems

David Buck, senior fellow, public health and inequalities at The King’s Fund, reflects on the need for inclusive transformation to deliver ... more >
We need more women leaders in local government

31/08/2016We need more women leaders in local government

Cllr Gillian Keegan, director of Women2Win, explains why she is co-chairing a commission into women’s representation in local government an... more >

interviews

The secret to the success of one public estate

19/08/2016The secret to the success of one public estate

Central government has faced strong criticism of its many estate schemes in recent years, but one in particular seems to steer clear of the backl... more >
Joint ventures: Are we better together?

19/04/2016Joint ventures: Are we better together?

Vivien Holland, local government advisory director at Grant Thornton UK LLP, examines the potential of Joint Ventures for local authorities going... more >
London needs a new deal to tackle the housing crisis

13/04/2016London needs a new deal to tackle the housing crisis

Tackling the capital’s housing crisis will require co-operation across all levels of government and a coherent devolution deal, according t... more >
What would Brexit mean for UK public agencies?

07/04/2016What would Brexit mean for UK public agencies?

Anand Menon, professor of European Politics and Foreign Affairs at King’s College London, looks at the potential impact of Brexit on public... more >

public sector focus

View all News