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| Wylfa Newydd: UK guarantees Anglesey nuclear site money | Wylfa Newydd: UK guarantees Anglesey nuclear site money |
| (35 minutes later) | |
| A new nuclear power reactor on Anglesey by Japanese firm Hitachi is among the projects listed in a 20-year infrastructure spending plan due to be published by the UK government. | A new nuclear power reactor on Anglesey by Japanese firm Hitachi is among the projects listed in a 20-year infrastructure spending plan due to be published by the UK government. |
| It guarantees to support finance for developing a new station at Wylfa. | It guarantees to support finance for developing a new station at Wylfa. |
| Building the £8bn Wylfa Newydd (New Wylfa) is subject to planning approval, a process expected to take three years. | Building the £8bn Wylfa Newydd (New Wylfa) is subject to planning approval, a process expected to take three years. |
| Hitachi's reactors also need to be approved by the Health and Safety Executive. | |
| The firm renamed the project Wylfa Newydd last month in recognition of the "opportunities" it says it will bring. It had been known as Wylfa B. | The firm renamed the project Wylfa Newydd last month in recognition of the "opportunities" it says it will bring. It had been known as Wylfa B. |
| Up to 6,000 jobs are expected to be created while the new reactors are built and around 1,000 when the plant is operating. | Up to 6,000 jobs are expected to be created while the new reactors are built and around 1,000 when the plant is operating. |
| Hitachi bought the site last year for around £700m. | Hitachi bought the site last year for around £700m. |
| 'Cheaper' | |
| John Idris Jones, programme director for the Energy Island Programme, a partnership of public and private sector bodies run from Anglesey council, said the announcement was a "step in the right direction" as part of the wider construction process. | |
| He said it would make it cheaper for Hitachi to borrow money to build Wylfa Newydd. | |
| He said: "That in the long term will mean cheaper electricity prices for us because they will be able to borrow the money at a cheaper rate." | |
| He added: "The vast majority of the people I talk to are very keen on the Wylfa Newydd project. They see this as an opportunity for the island to have a sustainable future. | |
| "The project will mean jobs for at least 60 years in terms of generating electricity on site for up to 1,000 local people, and that is very important for our island." | |
| Lagoon | Lagoon |
| Another large energy scheme being planned in Wales is a £750m tidal lagoon in Swansea Bay. | Another large energy scheme being planned in Wales is a £750m tidal lagoon in Swansea Bay. |
| If built, according to a report commissioned by the company, 40% of the investment could be spent in Wales. | If built, according to a report commissioned by the company, 40% of the investment could be spent in Wales. |
| The two projects are among £375bn of investment in energy, transport, communications, and water projects proposed under the National Infrastructure Plan (NIP). | The two projects are among £375bn of investment in energy, transport, communications, and water projects proposed under the National Infrastructure Plan (NIP). |