Minister says up-for-sale Horizon is a ‘prized asset’

UK energy minister Charles Hendry today visited the headquarters of Horizon Nuclear Power, the project now seeking new owners after its founders ” RWE and E.ON ” pulled out of the programme.

Since the two German firms quit the project in March citing financial constraints, Horizon has continued operating at its base in Gloucester, England, while RWE and E.ON look for new backers.

Horizon was set up to build two new nuclear power plants at Wylfa in Wales and Oldbury in England.

Hendry said: “Horizon Nuclear Power represents an extremely attractive investment opportunity. Horizon’s team is a prized asset. A group of very talented and experienced staff who have worked extremely hard over the past three years to make Wylfa and Oldbury two of the most attractive sites in Europe to invest in new nuclear.

“While this is a commercial process, I am confident everyone involved is working to ensure a swift sale can be achieved, which will protect the jobs of those working here.”

He said there has already been “strong interest” in Horizon. Already it is known that companies in Russia and China are eyeing the project and last week Hendry told the UK’s Energy and Climate Change Committee that the government had no objection in principle to players from those countries moving into the UK market.

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