17 January 2019

  |  CBI Press Team

News

Our comments on Wylfa nuclear power plant

We reacted to the suspension by Hitachi of their £20 billion investment in the Wylfa nuclear power plant in Wales.

Our comments on Wylfa nuclear power plant

Matthew Fell, CBI Chief UK Policy Director, said:

“The suspension of Hitachi’s work on the nuclear power plant at Wylfa is a significant blow to the UK’s future energy supply plans.

“As the second cancellation of funding for a new nuclear plant in as many months, it leaves in doubt the UK’s ability to replace its existing nuclear fleet. Nuclear power is a vital part of our energy mix, and new projects are needed to secure our future low-carbon, mixed energy supply. It will also be a missed opportunity for the local community in Anglesey, with the loss of up to 10,000 new jobs at peak construction.

“The Government has to demonstrate it is committed to meeting our climate change targets by supporting new low-carbon power supply. The loss of new nuclear projects could leave us more heavily dependent in the long-run on fossil fuels, which could risk our legally binding climate targets. The Government needs to build on its support for new nuclear power by giving individual projects the certainty they need, alongside measures that deliver a mix of low-carbon and renewable technologies.”