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Hitachi buys UK nuclear project from E.ON and RWE Hitachi buys UK nuclear project from E.ON and RWE
(about 1 hour later)
Hitachi, Japan's largest industrial electronics maker, is to buy the UK's nuclear project Horizon.Hitachi, Japan's largest industrial electronics maker, is to buy the UK's nuclear project Horizon.
The Horizon project to build new reactors at Wylfa and Oldbury, Gloucestershire, was put up for sale by German-owned E.ON and RWE in March. Horizon, which will build new reactors at Wylfa, Angelsey, and Oldbury, South Gloucestershire, is being sold by German-owned E.ON and RWE.
Babcock International and Rolls-Royce have signed preliminary contracts to join the Hitachi plan.Babcock International and Rolls-Royce have signed preliminary contracts to join the Hitachi plan.
Hitachi said the deal to build 6 gigawatts of nuclear capacity should be completed by the end of November.Hitachi said the deal to build 6 gigawatts of nuclear capacity should be completed by the end of November.
Hitachi did not disclose the value of the deal.Hitachi did not disclose the value of the deal.
The Hitachi Horizon programme involves building two to three plants on the existing sites, with the first unit becoming operational in the first half of the 2020s.The Hitachi Horizon programme involves building two to three plants on the existing sites, with the first unit becoming operational in the first half of the 2020s.
Hitachi said in a statement that it anticipates the creation of between 5,000 and 6,000 direct jobs at each site during the construction phase, with a further 1,000 permanent jobs per site upon start of the operation of each site.Hitachi said in a statement that it anticipates the creation of between 5,000 and 6,000 direct jobs at each site during the construction phase, with a further 1,000 permanent jobs per site upon start of the operation of each site.