Tuesday, October 30, 2012

Japan's Hitachi buys UK's Horizon nuclear project

Reuters: Hitachi is taking over the Horizon project to build up to six nuclear power plants in Britain in a move analysts said would be good for the UK's ageing energy infrastructure but would stretch the Japanese company to meet tight timelines. Hitachi, which earns just under 10 percent of its overall sales from its power systems segment, said it expected to have the first 1,300 megawatt (MW) nuclear power plant in the UK operational by the mid-2020s, while Secretary of State for Energy and Climate Change...

URL: http://www.reuters.com/article/2012/10/30/energy-britain-nuclear-idUSL5E8LU25P20121030

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