During an afternoon press briefing on Dec. 15, Chief Cabinet Secretary Yoshihide Suga disclosed that the government plans to study ways to extend financial support to projects undertaken by Hitachi Ltd. and others to build nuclear plants in the UK. As much as one trillion yen may be provided through governmental financial institutions, such as the Japan Bank for International Cooperation (JBIC) and the Development Bank of Japan.
However, Suga said that at this point “the government has not yet decided on any particular form of support.”
The CCS also conveyed that he has met with British Finance Minister Hammond during his visit to Japan and exchanged views about nuclear plant construction. Suga said, “Hitachi is aiming for starting operation in mid-2020.”
In 2012, Hitachi purchased a British nuclear utility, “Horizon Nuclear Power,” from a major German electric power company. Along with the purchase, Hitachi took over projects to build a total of four to six nuclear reactors at two British locations.
Japan Atomic Power is taking part in one of the projects that involves building two advanced boiling-water reactors (ABWR) in Britain’s Midwestern region.