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Companies

Hitachi's funding talks for UK nuclear plant hit a snag

Clouds hang over $26bn project as Tepco and others reluctant to chip in

Hitachi group workers inside a Japanese nuclear plant. The company solicited Japanese power companies to support building a U.K. nuclear plant, but has yet to raise the funding needed.

TOKYO -- Hitachi is having difficulty persuading Japanese companies to share the burden of building a nuclear power plant in the U.K., raising the specter of a withdrawal from the project worth more than 3 trillion yen ($26.5 billion).

Tokyo Electric Power Co. Holdings, also known as Tepco, is leaning against providing funding. Chubu Electric Power and other Japanese companies may follow suit.

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