Hitachi buys UK nuclear project

[Jimbuna]

It just gets worse....first we consider selling off New Scotland Yard and now it's our future nuclear aspirations in domestic energy supplies...how ironic it's from the Germans to the Japanese

Can't be much left in the cupboard now...surely

The UK's nuclear expansion plans have been boosted after Japan's Hitachi signed a £700m deal giving it rights to build a new generation of power plants.
Hitachi is to buy Horizon Nuclear Power, which was intending to build reactors on existing sites at Wylfa, Anglesey, and Oldbury, near Bristol.
Hitachi is buying Horizon from Germany's E.On and RWE, which are withdrawing from the UK nuclear market.

http://www.bbc.co.uk/news/business-20134735

[SeaWolf U-57]

OMG where will it all end

[Jimbuna]

Originally Posted by SeaWolf U-57

OMG where will it all end

Time to join the Euro and get some unlimited bailout funds

[Herr-Berbunch]

Jobs is jobs. And energy is energy. We should be welcoming the move that creates both.

[Jimbuna]

The question I ponder is...if it's such a surefire win then why don't the government or some large UK energy company make the investment and keep everything 'inhouse'?

[Herr-Berbunch]

Originally Posted by jimbuna

. . . then why don't the government or some large UK energy company make the investment and keep everything 'inhouse'?

Who? EDF - French, Eon - German, Scottish Power - Spanish, Npower - German. That leaves British Gas (Centrica) and Scottish & Southern Electric as the only British companies of the big six. I'd rather it go to an experienced French or Japanese company, since long ago we lost the ability to do it ourselves.

It's still not a done deal as the reactors still need planning and approval.