https://sputnikglobe.com/20200916/hitachi-says-pulling-out-of-horizon-nuclear-plant-construction-in-uk-1080474498.html
Hitachi Says Pulling Out of Horizon Nuclear Plant Construction in UK
Hitachi Says Pulling Out of Horizon Nuclear Plant Construction in UK
Sputnik International
MOSCOW (Sputnik) - Japanese multinational company Hitachi said Wednesday it would end its work on the Horizon nuclear plant project in the United Kingdom... 16.09.2020, Sputnik International
2020-09-16T10:48+0000
2020-09-16T10:48+0000
2023-05-28T15:08+0000
https://cdn1.img.sputnikglobe.com/img/105363/01/1053630194_0:0:3295:1862_1920x0_80_0_0_21ecc06168e2654b3a52de42bdf17276.jpg
japan
united kingdom (uk)
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2020
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
newsfeed, hitachi, japan, united kingdom (uk)
newsfeed, hitachi, japan, united kingdom (uk)
Hitachi Says Pulling Out of Horizon Nuclear Plant Construction in UK
10:48 GMT 16.09.2020 (Updated: 15:08 GMT 28.05.2023) MOSCOW (Sputnik) - Japanese multinational company Hitachi said Wednesday it would end its work on the Horizon nuclear plant project in the United Kingdom, which had been suspended since 2019.
"Hitachi, Ltd. ... today announced that it will end business operations on the nuclear power plant construction project in the United Kingdom ("Horizon Project"), which was suspended in January 2019 (1). Hitachi made this decision given that 20 months have passed since the suspension, and the investment environment has become increasingly severe due to the impact of COVID-19," the company said in a press release.
Hitachi-owned Horizon Nuclear Power was expected to build several reactors in the UK. However, it had some difficulty finding investors for one of the sites. After Hitachi suspended the project, the UK government offered it a support package in exchange for a stake in the project, but this failed to create the necessary incentive.
