9/16, 10:42 AM (Source: TeleTrader)
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Hitachi pulls out from UK power plant project

Hitachi Ltd. announced on Wednesday it would officially end its operations on the nuclear power plant construction project in northern Wales after funding negotiations with London authorities failed.

The company explained the decision was made "from the viewpoint of Hitachi's economic rationality," but added it would continue coordinating the planned construction sites and other matters both in the United Kingdom and elsewhere.

Hitachi halted its work on a nuclear plant on the Anglesey island back in January 2019 after the British government failed to meet the project's financial needs.

Breaking the News / JR