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Economic Development

Wylfa Newydd talks between Hitachi and º£½ÇÊÓÆµ Government step-up amid hopes of project revival

The multi-billion pound nuclear scheme would provide a massive economic boost to North Wales

Horizon Nuclear Power signs at Wylfa Newydd (Photo by Christopher Furlong/Getty Images)(Image: Getty Images)

Talks between the backers of Wylfa Newydd and º£½ÇÊÓÆµ Government are stepping up in a bid to revive the nuclear project on Anglesey.

The scheme stalled last year after Horizon Nuclear Power and parent firm Hitachi failed to secure a suitable funding agreement with the º£½ÇÊÓÆµ Government.

Planning has continued for the £12bn project with a decision expected in the coming weeks.

If successful it would allow for a quick restart of the scheme if the funding issue is resolved.

Sources say talks had gone quiet due to the coronavirus pandemic but have stepped up in recent weeks.

The development is being seen as a way of helping kickstart an economy badly impacted by Covid-19 as well as helping towards getting all greenhouse gas emissions to net zero by 2050.

Wylfa Newydd, latest CGI image of planned nuclear site(Image: Horizon Nuclear Power )

A Horizon spokesman said: “As we have been doing since the difficult decision was taken to suspend activities, we are continuing to engage with the º£½ÇÊÓÆµ Government, and others, on securing the right conditions to support a potential restart for Wylfa Newydd.

“It is too important an opportunity not to deliver, given the benefits it will bring both locally and nationally, and we remain committed to doing all we can to move this transformational project forward.”