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Companies

Hitachi to exit stalled UK nuclear plant project

Plan had stalled due to funding problems

A shopper rides an escalator past a logo of Hitachi at an electronics retail store in Tokyo.    © Reuters

TOKYO (Kyodo) -- Hitachi is considering withdrawing its 3 trillion yen ($28 billion) plan to build a nuclear power plant in Britain, sources familiar with the matter said Tuesday, with additional support from the British government to continue the project looking unlikely.

The project to construct two nuclear reactors on the island of Anglesey in north Wales was suspended in January 2019 due to difficulty in securing funds.

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