Press Releases 2019

Hitachi Announces Suspension of UK Nuclear Power Stations Construction Project and Posting of Impairment Loss and Related Expenses on Consolidated Basis, Posting of Extraordinary Loss on Unconsolidated Basis, and Revisions to Full-year Consolidated Business Forecast

Tokyo, January 17, 2019 --- Hitachi, Ltd. (TSE: 6501) today announced that it has decided to suspend its new nuclear power stations project in the UK (“Horizon Project”) that Horizon Nuclear Power Limited (“HNP”), a subsidiary of Hitachi and power generation development company in the UK, has been undertaking at Wylfa Newydd on Anglesey Island in north-west Wales. The decision was made from the viewpoint of Hitachi’s economic rationality as a private enterprise.

Remarks on Suspension of UK Nuclear Power Stations Construction Project at the Meeting for Media, Investors & Analysts (Summary)

I would like to report that at the Board of Directors meeting held today we decided to suspend the titled project (“Horizon Project”).

Since Hitachi acquired Horizon Nuclear Power Limited in 2012, we have been stepping utmost efforts to supply clean energy which does not emit CO2 by constructing nuclear power stations with two units of ABWR*1 which complies with the UK regulations and cost requirement, based on the reactor which has an extensive construction and operation track record in Japan.

Horizon suspends UK nuclear new build activities

Gloucester, United Kingdom, January 17, 2019 --- Horizon Nuclear Power has today announced that it will suspend its UK nuclear development programme, following a decision taken by its parent company Hitachi, Ltd. Horizon is developing the Wylfa Newydd nuclear plant on Anglesey in North Wales and has a second site at Oldbury on Severn in South Gloucestershire.
The company has informed the UK Government of the decision taken at the Hitachi Board meeting on 17th January not to continue with the current programme of activities.
 

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