Hitachi's UK-based subsidiary Horizon Nuclear Power is still struggling to find investors for its plans to develop the £16bn (about €18bn) Wylfa Newydd nuclear power plant project in Anglesey in North Wales (United Kingdom). The company has denied rumors over the suspension of the project and related loss of JPY200-300bn (US$1.85-2.77bn) for the fiscal year ending in March 2019.
The Wylfa Newydd project would comprise two Advanced Boiling Water Reactors (ABWRs) with a combined capacity of 2,760 MWe on the site of the former 980 MWe Wylfa nuclear power plant. The project was endorsed by the British Office for Nuclear Regulation (ONR), the Environment Agency (EA) and Natural Resources Wales (NRW) in December 2017. So far, the guaranteed power price from the plant is expected to reach approximately £75-£77/MWh (€86-€88/MWh). The engineering company Bechtel was selected by Hitachi in August 2018 to manage the construction of the project along with the contractual and commercial interface.