Thursday, 4 October 2012

Prospects for Wylfa B get even gloomier.

Yesterday, there was only two companies left to bid for Horizon Nuclear and build Wylfa B.

Today,  if the report in 'The Times' is correct, this in the near future could go down to one. It seems that Toshiba and owner of Westinghouse; seen as a front-runner and heavyweight player in the nuclear sector, according to 'The Times' "wants to quit the nuclear industry altogether and is struggling to raise finance for the join venture."

It would appear that the days of nuclear energy are coming to an end, with Germany and Japan already committed to phase out their own nuclear plants, and investors very reluctant to invest in new builds due to ever growing costs.

2 comments:

The Red Flag said...

See RosAtom has expressed an interest this morning. Not as a bidder but providing the finance for a no risk equity stake and..........full technology transfer.

Anonymous said...

The gloomier things get, the happier I feel!