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Wylfa Newydd: Hitachi to halt work on UK nuclear plant

Wylfa Newydd: Hitachi to halt work on UK nuclear plant

Business
Hitachi has announced it will suspend work on a £20bn nuclear plant in the UK because of rising construction costs.The decision puts thousands of jobs at risk if the Wylfa Newydd facility in Anglesey, north Wales, is scrapped.The Japanese firm had been in talks with the UK government since June about funding for the project, which was being built by its Horizon subsidiary.The government said it had failed to agree terms with Hitachi. The nuclear industry said it was "disappointing".About 9,000 workers had been expected to be involved in building two nuclear reactors, which were due to be operational by the mid-2020s.Hitachi said the decision would cost it an estimated 300bn yen (£2.1bn) in expenses, plus another 300bn yen as "extraordinary los...