Hitachi will begin work on the Wylfa nuclear power station on Anglesey , leading to company losses of around JPY300bn ( $ 2.8bn ) . The company had requested backing from the UK government to prevent the closure of the project , but in a recent interview , prime minister Theresa May said it had been a “ commercial decision ” . Similar problems have been experienced by European operators of nuclear reactors , with expensive safety requirements rendering privately - run nuclear operations unfeasible . As a result , state - run projects from China and abroad are beginning to dominate the nuclear industry .
Hitachi will halt work on the Wylfa nuclear power station on Anglesey, leading to company losses of around JPY300bn ($2.8bn). The company had requested backing from the UK government to prevent the closure of the project, but in a recent statement, prime minister Theresa May said it had been a “commercial decision”. Similar problems have been experienced by European operators of nuclear reactors, with expensive safety requirements rendering privately-run nuclear operations unfeasible. As a result, state-run projects from China and Russia are set to dominate the nuclear landscape.