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

Tower Hamlets mayor praises ‘vote of confidence’ as DCLG returns grant-making powers

18/01/2017Tower Hamlets mayor praises ‘vote of confidence’ as DCLG returns grant-making powers

The communities secretary Sajid Javid has confirmed the start of a ‘phased’ return of powers to Tower Hamlets council, enabling counc... more >
Councils welcome £48m homelessness provision but remain cautious

18/01/2017Councils welcome £48m homelessness provision but remain cautious

Councils have been awarded an extra £48m of funding to help expand homeless provision, but they have already warned that this may prove ins... more >
Public sector workers face real pay cut of 9.3% by 2020

18/01/2017Public sector workers face real pay cut of 9.3% by 2020

Public sector workers including midwives, teachers and social workers are set to lose thousands of pounds from their pay packet by 2020, new anal... more >

editor's comment

20/12/2016No early Christmas presents

As the chancellor stood at the despatch box in late November, the public sector waited with bated breath at what support would be given to those that are working under extreme pressure. Unfortunately, but not unexpectedly, Philip Hammond didn’t deliver any early Christmas presents for local government. And it is unlikely that we will see... read more >

last word

Some libraries are better than others

Some libraries are better than others

Helen Milner, chief executive of Good Things Foundation, formerly the Tinder Foundation, expands on the organisation’s recent claims that protecting libraries at all costs could be hol... more > more last word articles >
149x260 PSE Subscribe button

the raven's daily blog

Will we see more staff freezes to meet the financial challenge?

09/01/2017Will we see more staff freezes to meet the financial challenge?

A staff freeze has been introduced at Devon County Council as local authorities propose increasingly radical measures to try to relieve financial pressures. The council announced last week that it will not hire any more permanent staff, apart from roles which it has a statutory responsibility to fulfil. Devon is set to overspend by &... more >
read more blog posts from 'the raven' >

comment

Lessons from Germany to fix the UK’s housing crisis

06/01/2017Lessons from Germany to fix the UK’s housing crisis

Dr Charlotte Snelling, a researcher at IPPR, and Ed Turner, senior lecturer and head of politics and international relations at Aston University,... more >
Greater investment and collaboration needed to tackle pothole repair backlog

06/01/2017Greater investment and collaboration needed to tackle pothole repair backlog

Cllr Martin Tett, leader of Buckinghamshire County Council and transport spokesman at the LGA, reflects on the ever-growing pothole repair backlo... more >
Unlocking smart capabilities for local authorities

04/01/2017Unlocking smart capabilities for local authorities

Matthew Evans, executive director of techUK’s SmarterUK programme, discusses the need for the government to deliver a coherent digital stra... more >
Standardising digital transformation across the capital

04/01/2017Standardising digital transformation across the capital

Previously part of the Government Digital Service (GDS) transformation programme, Natalie Taylor now works at London’s City Hall as senior ... more >

interviews

McMahon: I worry that the public are not part of the devolution conversation

20/12/2016McMahon: I worry that the public are not part of the devolution conversation

Jim McMahon, Labour’s shadow minister for local government and devolution, talks to PSE’s David Stevenson about the need to radically... more >
Solace president mandate: Champion diversity and celebrate great public services

20/12/2016Solace president mandate: Champion diversity and celebrate great public services

Jo Miller, the recently-elected president of Solace, talks to PSE about the need for championing great public services and ensuring inclusion at ... more >
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 >

public sector focus

View all News