Hitachi will halt work on the Wylfa nuclear power station on Anglesey, leading to company losses of around JPY300bn ($$2.8 billion). 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.
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.