The Government has announced that it will move forward with negotiations with Horizon on its proposals for a new nuclear power station at Wylfa on Anglesey. The move comes as the company has formally submitted its application for planning permission to the Planning Inspectorate.
The move follows the decision by Horizon’s parent company Hitachi to take discussions forward on the basis of the likelihood that the UK Government and Japanese Government Agencies will take a direct stake in the project.
Addressing Parliament Secretary of State for Business, Energy and Industrial Strategy said, “A key focus of discussions with Hitachi has been – and will continue to be – achieving lower cost electricity for consumers. Both the National Audit Office and the Public Accounts Committee have recommended that the Government consider variations from the Hinkley Point C financing model in order to reduce costs to consumers. In line with the NAO and PAC’s clear findings and recommendations, for this project the Government will be considering direct investment alongside Hitachi, and the Japanese Government agencies and other parties. Our partnership on this project would serve as a further example of civil nuclear collaboration between the UK and Japan, building on the Memorandum of Co-operation that was signed in 2016 with that country.”
Horizon Nuclear Power has welcomed the UK Government’s announcement that discussions for its lead site, Wylfa Newydd, will progress to the next phase. Duncan Hawthorne, Chief Executive Officer at Horizon, said: “Today’s announcement is fantastic news for Anglesey, the nuclear industry, and Horizon, as well as a clear signal of the Government’s commitment to delivering a low carbon future for the UK.”
“Building on last year’s regulatory acceptance of our tried and tested reactor technology, it shows real momentum behind the project which will bring huge benefits everywhere from Anglesey to Wales and the UK and Japan. Our focus now is to ensure we continue to deliver on our key project milestones as we move towards construction.”