Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Hitachi and SNC-Lavalin pursue the nuclear option Add to ...

Subscribers Only

The Germans have quit, the Chinese said no thank you and the French are quibbling over the price, but a Japanese and Canadian consortium said they will do it, come what may. Hitachi and SNC-Lavalin are taking over Horizon, a project to build two nuclear power stations in Britain. The Japanese company, which is in joint venture with the Montreal engineering contractor, said today it would pay £700-million ($1.125-billion) to EON and RWE, the German utilities which set up Horizon three years ago. If you believe the promises, Hitachi and SNC-Lavalin will build two nukes, one in Anglesey in Wales and another in Gloucestershire.

Report Typo/Error

Follow us on Twitter: @GlobeBusiness

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular