Hitachi, U.K. Negotiating Nuclear Deal Echoing EDF's Hinkley
- Government said to guarantee loans for new reactors in Wales
- U.K. watchdog says power price should be less than Hinkley
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Britain and Hitachi Ltd. are thrashing out a deal for two new U.K. nuclear plants akin to how a controversial agreement was struck with Electricite de France SA to build the nation’s first new reactor since 1995.
At a meeting with Prime Minister Theresa May last week, the government assured Hitachi that it will guarantee all loans for construction of the project in Wales, according to a report in Japan’s Mainichi newspaper, which the U.K. government said it didn’t recognize. Tokyo-based Hitachi is also seeking a set price from the power generated by the reactors, a government official said.