ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

Hitachi's UK nuclear project shows heavy risks for private sector

Japan's plant export strategy stumbles on ballooning costs

Former Toshiba unit Westinghouse Electric was building these nuclear reactors in the U.S. state of George before lurching into bankruptcy last year.

TOKYO -- Britain's move to finance much of a Hitachi nuclear power plant underscores how such projects have grown too costly for the private sector to bear alone, raising further questions about a key component of Japan's ambitious plans to export infrastructure worldwide.

The threat of electricity shortages spurred by factors including aging power plants drove London's pledge to loan a full 2 trillion yen ($18.2 billion) for the Japanese industrial group's plan to build two nuclear reactors in Wales, a project slated to cost over 3 trillion yen.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more