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UK And Japan Close To Agreeing £15 Billion Investment In Wylfa Newydd, Say Reports

By David Dalton
12 January 2018

12 Jan (NucNet): The governments of the UK and Japan are set to extend a combined £15bn (€16.8bn, $20.4bn) in loans and investment for Horizon’s Wylfa Newydd nuclear power station project in Wales, according to unconfirmed reports in Japanese media.

The reports said the loans would be offered with the help of financial institutions. They also said the UK and Japanese governments will invest billions of pounds, taking on part of Horizon.

Horizon is planning to build and operate two Hitachi UK Advanced-Boiling Water Reactor (ABWR) units at Wylfa Newydd on the island of Anglesey in north Wales. The company submitted its site application in April 2017.

Last year British media reported that South Korea’s state-owned Korea Hydro and Nuclear Power (KHNP) was in early talks to buy a stake in the project. The reports said KHNP, a subsidiary of Korea Electric Power Corporation, could invest in Horizon as a minority shareholder along with the governments of Japan and the UK.

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