The great debate - Published Dec 2009

[SteveH]

Korean energy giant in North Wales nuclear power station plans
Kepco will hold talks with the UK Government

A Korean stated-owned energy giant has emerged as a new bidder to deliver a much needed new nuclear power station in North Wales. While at an early stage Kepco is looking to build a new reactor at Wylfa in Anglesey.

The site has long been mooted for a new power plant. However, to date a financial model to make such a project viable for private sector investment has proved elusive. Japanese industrial giant Hitachi abandoned its plans back in 2019, writing off ?2.1bn in the process.

cont https://www.business-live.co.uk/enterprise/korean-energy-giant-north-wales-29157991?IYA-reg=49560bcd-5a9c-47f0-8fc5-ba2e71710589

[SteveH]

Wylfa chosen for new nuclear power station

Wylfa on Anglesey has been chosen as the preferred site for a large-scale nuclear power plant, the UK government said.

The site was bought by ministers for ?160m from previous developers Hitachi who abandoned plans for a new reactor in 2019.

International energy companies have begun talks with the UK government to start building the new Wylfa plant.

UK government Energy Secretary Claire Coutinho said the site would provide "thousands of well-paid jobs".

The Welsh Secretary, David TC Davies, says he won?t ?put a date? on when a power station could be built and ready for production but he said ?Wylfa is destined to have a nuclear power station?.

Asked if a new power station would be ready by 2040, he said ?it?s traditionally taken a longish time?.

cont https://www.bbc.co.uk/news/articles/clkk7ewenyro