DAVOS, Switzerland -- Hitachi's frozen nuclear power plant project in the U.K. could be revived only if the business is nationalized by Britain, Chairman Hiroaki Nakanishi said here on Wednesday.
"Nationalization is the only path" to resuming the project, he told reporters on the sidelines of the World Economic Forum's annual meeting. Nakanishi said that a scheme under which the company would not be saddled with massive assets is necessary for construction to begin.
