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Tokyo, London Sign Memorandum of Understanding on Reactor Construction

© AP Photo / Suzanne PlunkettFlags of Japan and the United Kingdom. (File)
Flags of Japan and the United Kingdom. (File) - Sputnik International
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Japan and the United Kingdom signed Thursday a memorandum of understanding, allowing Japanese companies to build nuclear reactors on the British islands, Japanese media reported.

Iranian flag outside the building housing the reactor of the Bushehr nuclear power plant. (File) - Sputnik International
Construction of 2nd Nuclear Reactor at Iran’s Bushehr NPP to Begin in Q3 2019
TOKYO (Sputnik) – The memorandum on cooperation in the nuclear sphere was signed by Japanese Minister of Economy, Trade, and Industry Hiroshige Seko and UK Business, Energy and Industrial Strategy Secretary Greg Clark and covers decommissioning old reactors, tackling radioactive contamination, research and development, nuclear security and the construction of new reactors, according to the Kyodo news agency.

Japan considers allocating approximately $8.5 billion for the construction of a nuclear power plant in the United Kingdom via such state financial institutions as the Japan Bank for International Cooperation (JBIC) and the Development Bank of Japan, the news agency said.

Japan’s strategy on economic growth by Prime Minister Shinzo Abe implies export of nuclear technologies, thus, Hitachi Corporation intends to build six reactors in the United Kingdom after purchasing British Horizon Nuclear Power in 2012.

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