• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 16, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

UK Government Pursuing Nuclear Plant Sites Amidst Wylfa Negotiation Reports

February 12, 2024
Lawrence Ankutseby Lawrence Ankutse
in UK
0
UK Government Pursuing Nuclear Plant Sites Amidst Wylfa Negotiation Reports

An artist’s impression of the proposed nuclear power station at Wylfa

The UK government has announced its efforts to secure sites for potential new nuclear power stations, notably engaging in talks with the owner of the Wylfa facility in north Wales.

The Wylfa site, situated on the island of Anglesey or Ynys Môn, is presently owned by Hitachi.

However, uncertainties have loomed over its future since 2020 when Hitachi formally withdrew from its plans to construct a new reactor due to the failure to reach an agreement on financial support with the government.

RelatedPosts

Reeves Apologizes Over Undeclared Theatre Ticket Gifts

Starmer Demands Answers Over Secret Afghan Scheme

UK Ends Secret Afghan Relocation Scheme

Presently, the government is in preliminary talks with Hitachi regarding the acquisition of the land, to collaborate with a partner to develop a nuclear power station there.

Despite encountering significant delays and substantial cost overruns on ongoing projects at Hinkley Point C in Somerset and Sizewell in Suffolk, the government has remained committed to expanding nuclear power generation, evident in initiatives such as Great British Nuclear launched in recent years.

In January this year, the government unveiled ambitious plans for what it called Britain’s most extensive nuclear power expansion in 70 years, aiming to construct reactors capable of generating 24 gigawatts of power by 2050.

This effort is projected to satisfy a quarter of the UK’s energy demand while maintaining zero carbon emissions.

However, the realization of these plans hinges on advancing nuclear projects, necessitating suitable sites for new reactors, which are relatively scarce.

wylfa
Wylfa nuclear site

According to reports, the Wylfa site has been appraised at £200 million, marking the backdrop for discussions between Hitachi and GB Nuclear.

Currently, Wylfa has the UK’s last Magnox nuclear reactors that ceased operation in 2015 and is considered a viable location for either a large reactor or a small modular reactor (SMR).

The government is optimistic that SMRs will streamline and reduce the cost of constructing nuclear power stations.

UK’s Nuclear Energy Goal

On Monday, February 12, 2024, companies and institutions within the British nuclear industry announced the initiation of a recruitment campaign to ensure an adequate workforce to support the government’s ambitious goals.

The initiative, named Destination Nuclear, underscores the necessity to double the current workforce over the next two decades to facilitate a potential quadrupling of output.

According to the Nuclear Industry Association, a lobby group, there are approximately 64,500 employees throughout the UK’s civil nuclear supply chain, with additional personnel in defence-related sectors.

Support for the initiative comes from various stakeholders, including the French state-owned energy company EDF, engineering firms such as Atkins, Jacobs, and Laing O’Rourke, as well as companies engaged in the UK’s nuclear weapons and submarines programs, including Babcock, Rolls-Royce, and BAE Systems.

A representative from the Department for Energy Security and Net Zero emphasized the government’s commitment to a consistent and decisive approach towards nuclear energy.

They highlighted the recent launch of a roadmap for the sector, marking the largest expansion in 70 years.

This initiative aims to streamline regulations and accelerate the process of constructing new power stations, promising cleaner, more affordable, and secure energy in the long run.

Regarding the Wylfa site and other potential locations for civil nuclear projects, the spokesperson clarified that while no decisions have been made yet, collaborative efforts with Great British Nuclear are underway to facilitate access to potential sites for future nuclear endeavors.

In response, a spokesperson from Hitachi affirmed their ownership of two prime locations for the nuclear projects in the UK. The spokesperson stated, “We own two of the premier locations for nuclear new-build in the UK.”

The United Kingdom currently generates approximately 15% of its electricity from an existing nuclear capacity of around 6.5 gigawatts (GW). However, most of this capacity is expected to be retired by the end of the decade.

READ ALSO: UK’s Rwanda Asylum-Seeker Plan Breaches Rights, Parliamentary Watchdog Warns

Tags: Department for Energy SecurityDestination NuclearGreat British NuclearNuclear Industry AssociationUnited Kingdom
Please login to join discussion
Previous Post

GRA Completes Study On Ghana’s Port Clearance

Next Post

Global Carbon Markets Soar to Record High of US$949 Billion in 2023

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Bright Simons, Dollar, Banks
Economy

Bright Simons Dissects Dollar Shortage and Parallel Rate Crisis

July 16, 2025
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition,
Extractives/Energy

Jinapor Outlines Plan to Retrieve ECG Containers

July 16, 2025
President John Dramani Mahama, Kumasi, Mahama
General News

President Mahama Thanks Ashanti Region, Pledges Big Push for Development

July 16, 2025
Energy Minister Blames Greedy Actors for PDS Collapse, Vows Transparent Reforms 
Extractives/Energy

Energy Minister Blames Greedy Actors for PDS Collapse, Vows Transparent Reforms 

July 16, 2025
Erdogan Supports Iran’s Right To Self-Defence
Asia

Netanyahu Left With Minority As Another Ultra-Orthodox Party Quits Coalition

July 16, 2025
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition
General News

Energy Minister Commits to Rural Electrification, Street Lighting Drive

July 16, 2025
Bright Simons, Dollar, Banks
Economy

Bright Simons Dissects Dollar Shortage and Parallel Rate Crisis

by Silas Kafui AssemJuly 16, 2025
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition,
Extractives/Energy

Jinapor Outlines Plan to Retrieve ECG Containers

by Evans Junior OwuJuly 16, 2025
President John Dramani Mahama, Kumasi, Mahama
General News

President Mahama Thanks Ashanti Region, Pledges Big Push for Development

by Silas Kafui AssemJuly 16, 2025
Energy Minister Blames Greedy Actors for PDS Collapse, Vows Transparent Reforms 
Extractives/Energy

Energy Minister Blames Greedy Actors for PDS Collapse, Vows Transparent Reforms 

by Prince AgyapongJuly 16, 2025
Erdogan Supports Iran’s Right To Self-Defence
Asia

Netanyahu Left With Minority As Another Ultra-Orthodox Party Quits Coalition

by Comfort AmpomaaJuly 16, 2025
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition
General News

Energy Minister Commits to Rural Electrification, Street Lighting Drive

by Evans Junior OwuJuly 16, 2025
Bright Simons, Dollar, Banks
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition,
President John Dramani Mahama, Kumasi, Mahama
Energy Minister Blames Greedy Actors for PDS Collapse, Vows Transparent Reforms 
Erdogan Supports Iran’s Right To Self-Defence
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition
[/vc_row_inner]

Recent News

  • Bright Simons Dissects Dollar Shortage and Parallel Rate Crisis
  • Jinapor Outlines Plan to Retrieve ECG Containers
  • President Mahama Thanks Ashanti Region, Pledges Big Push for Development
  • Energy Minister Blames Greedy Actors for PDS Collapse, Vows Transparent Reforms 
  • Netanyahu Left With Minority As Another Ultra-Orthodox Party Quits Coalition
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.