Horizon completes transition to Hitachi

Horizon Nuclear Power has welcomed the completion of its sale to Hitachi Ltd of Japan, four weeks after agreement was reached with E.ON and RWE.

The company its assets and its staff have now been purchased by Hitachi as a going concern. Horizon Chief Operating Officer Alan Raymant said: “We’re delighted that the deal has completed. It secures the future of Horizon, and represents a huge economic opportunity for the UK and in particular the regions around our sites at Wylfa and Oldbury”.

“Hitachi have a world-class track record, all of its Advanced Boiling Water Reactors have been constructed to time and to budget. We plan to replicate that success in the UK. Now the sale has completed we will focus on developing our programme and strategy. We look forward to providing further information on our approach in the new year”. Raymant also thanked Horizon’s former shareholders. “E.ON and RWE developed this project extensively over three years. We thank them for their support, and wish both companies well in the future” he said.

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