Tokyo, 5 June 2018 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) announced that it has welcomed the statement from Greg Clark, UK Secretary of State for Business, Energy and Industrial Strategy, on 4 June (GMT) on the new nuclear power construction project at Wylfa Newydd on Isle of Anglesey (Horizon Project), which indicates progress in the discussions to date between the parties.
Hitachi will make its final investment decision for Horizon Project, after applying project assessment in terms of economic rationality as a private company while continuing discussion with the British Government.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges, combining its operational technology, information technology, and products/systems. The company’s consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.