• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 22 mins Would bashing China solve all the problems of the United States
  • 24 mins Model 3 cheaper to buy than BMW 3 series.
  • 2 hours Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
  • 53 mins Pompeo's Hong Kong
  • 2 hours Thugs in Trumpistan
  • 3 hours China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 24 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 3 hours China’s Oil Thirst Draws an Armada of Tankers
  • 20 mins Coronavirus hype biggest political hoax in history
  • 13 hours Income report showing potential future spending and economic growth
  • 14 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 15 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
  • 2 days China to Impose Dictatorship on Hong Kong
Is Lebanon’s Natural Gas Boom Dead In The Water?

Is Lebanon’s Natural Gas Boom Dead In The Water?

Absent any discovery thus far,…

Permian Drillers Resilient Despite Record-Breaking Rig Count Crash

Permian Drillers Resilient Despite Record-Breaking Rig Count Crash

Drilling activity is plunging throughout…

Hitachi to Build the Next Generation of British Nuclear Power Plants

The Japanese company Hitachi has signed a £700 million deal to buy Horizon Nuclear Power, which will give them the ability to construct the next generation of nuclear power plants in the UK; a deal that may have been influenced due to the collapse of the Japanese nuclear industry.

Horizon had the rights to build reactors at Wylfa on Angelsey in Noth Wales, and Oldbury in Gloucestershire, all of which now pass on to Hitachi, who have announced plans to build between two and three new nuclear power plants at each site as part of, what it calls, “a 100 year commitment.”

Related Article: Despite Fukushima, China Embraces Nuclear Power

Mike Clancy, the general secretary-designate of the Prospect union, has said that “the Horizon venture is an important milestone in securing future low-carbon energy generation capacity within the UK and its importance to local and national economies cannot be overstated. While Hitachi's advanced boiling water reactor design has yet to undergo the UK's generic design assessment approval process, it is a proven technology and therefore any construction in the UK will benefit from lessons learned from its construction in Japan.”

David Cameron, the British Prime Minister, remarked, “I am determined that Britain competes and thrives in the global race for investment. This is a decades-long, multibillion pound vote of confidence in the UK, that will contribute vital new infrastructure to power our economy. It will support up to 12,000 jobs during construction and thousands more permanent highly skilled roles once the new power plants are operational, as well as stimulating exciting new industrial investments in the UK's nuclear supply chain.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment
  • Mel Tisdale on November 01 2012 said:
    If only they could build a few more and ditch the ugly, incongruous wind turbines that are spoiling the beautiful countryside while they are at it. It is not as though wind turbines are all that good at cutting down on carbon emissions by the time the need for back up when the wind dies is taken into consideration and cuttind down on carbon emissions has to be the priority consideration.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News