Hitachi abandons $28 bil. nuclear power plant project in Britain

TOKYO - Hitachi Ltd. said Wednesday it will exit a 3 trillion yen ($28 billion) project to build a nuclear power plant in Britain after struggling to secure additional financial support from the British government.The withdrawal came as a severe blow to Japan's efforts to boost infrastructure exports and more than a year after the plan was suspended in January 2019.The project, involving Hitachi subsidiary Horizon Nuclear Power Ltd., was to construct two reactors on the island of Anglesey in northern Wales. Hitachi has notified the British government of the decision, a company official sai…READ FULL ARTICLE