23 September, 2020
Hitachi to End Business Operations on UK Nuclear Power Project
On September 16, Hitachi, Ltd., announced that it would end business operations on a multi-billion-dollar project to construct nuclear power plants (NPPs) in the United Kingdom. It made the decision considering that twenty months had already elapsed since the project was suspended in January 2019, and also because the investment environment has “become increasingly severe” due to the impact of COVID-19.
In the project, Horizon Nuclear Power Limited in the UK— acquired by Hitachi in 2012 from the German power companies E.On and RWE—were to develop a nuclear power station (NPS) comprising two UK Advanced Boiling Water Reactor (ABWR) units (1,350 MW each) at Wylfa Newydd in Anglesey, located in northwest Wales. After Hitachi underwent a generic design assessment (GDA) and obtained approval from UK regulators to deploy the UK ABWR in the country, it started negotiating with the national government on a financing model and other issues toward realizing the project, but failed to reach an agreement in the end. In January 2019, then, Hitachi decided to freeze the project from the viewpoint of economic rationality.
Because of the decision to withdraw from the project, Hitachi will now coordina...more
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3 September, 2020
JAIF Issues Joint Video Message with Foreign Counterparts
The Japan Atomic Industrial Forum, Inc. (JAIF), jointly with nuclear industry representatives from the United States, Europe, UK and Canada, has submitted a video message to the “Platform for Redesign 2020”, an online platform on both the recovery from the global COVID-19 pandemic and measures dealing with climate change and other environmental issues.
The Platform for Redesign 2020 was established in conjunction with an online ministerial meeting to be held on September 3, and which will be chaired by Japan’s Minister of the Environment Shinjiro Koizumi. The ministerial meeting is a platform for sharing information from countries on their activities regarding recovery from the pandemic, as well as measures on climate change and other environmental issues.
Ministers from various countries, international organizations, local municipalities, industries, and citizens have been invited to submit video messages, which are expected to be taken up one by one on the platform’s website.
Included in the joint video message from the various countries’ nuclear industries will be comments by the following executives:
President Shiro Arai o...more
