Hitachi completes acquisition of Horizon

26 November 2012


Hitachi has announced that it has completed the acquisition of Horizon Nuclear Power Limited from RWE npower plc and E.ON UK plc. Hitachi now owns sites at Wylfa, Anglesey, and Oldbury, South Gloucestershire and Horizon plans to build two to three 1300MW-class nuclear power plants at each of the sites.

Hitachi said in a statement, 26 November, that it would now begin discussions with UK regulators to obtain approval to use Advanced Boiling Water Reactor (ABWR) technology under the UK’s Generic Design Assessment process. Another early priority will be supply chain engagement, with both national and regional events expected to be held in early in 2013, it added.

Masaharu Hanyu, vice president and executive officer, chief executive officer of Nuclear Systems and General Manager of Nuclear Systems Division, Power Systems Company, Power Systems Group, Hitachi, said: “Hitachi is committed to helping the UK achieve its vision of a secure, low-carbon and affordable energy supply. The acquisition of Horizon is the first step in this journey, which will see us strive to build a strong UK power production company and support the creation of thousands of highly skilled jobs in the UK’s energy sector. We look forward to welcoming Horizon management and employees to Hitachi and working with them on this exciting project.”




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