Deal for new nuclear power station signed
THE £700 million deal which will see a new nuclear power station built in South Gloucestershire has been finalised.
Japanese firm Hitachi has announced it has completed the multi-million purchase of a project to build a nuclear power station in Oldbury and a second one in North Wales.
The firm said it will mow push ahead with plans to build the new power station in South Gloucestershire which is expected to create around 1,000 new jobs. The aim is to have the nuclear reactor up and running within the next decade.
"We are delighted that the deal has completed," said Horizon chief operating officer Alan Raymant. "It secures the future of Horizon and represents a real economic opportunity for north Wales.
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"Our project will be a multi-billion pound investment, creating around 6,000 construction jobs at peak, and 1,000 operational jobs when completed."
He added: "Our investment in local skills and suppliers can also help ensure that the project leaves a lasting legacy for the region.
"Hitachi has a world-class track record. Its Advanced Boiling Water Reactors have all been constructed to time and to budget. We plan replicate that success in the UK. Now the sale has completed we will focus on developing our programme and strategy.
"We realise there will be a great deal of interest in our plans locally and we look forward to providing the community with further information as soon as possible."
The Horizon project had been put on the market by German power company RWE and E.ON.