Taxpayers to pay £15bn for Anglesey nuclear plant

Taxpayers to pay £15bn for Anglesey nuclear plant

UK taxpayers are set to pay £15 billion for a nuclear power plant in north Wales as the government remains determined to fund nuclear projects, despite the issues it has faced with Hinkley Point in Somerset.

A deal with Hitachi, a Japanese developer, is to be announced by ministers next week to help fund the Wylfa Newydd plant on Angleseym which the government will hold a direct stake in to help reduce the amount consumers will have to pay.

However, such a relationship with the project could put the government at risk from overrun costs.

Last year, EDF, the French energy giant behind the Hinkley Point C nuclear power project, admitted that the cost of the plant would increase by an additional £2.2bn and was running a year behind schedule.

Doug Parr, chief scientist at Greenpeace, has said the proposed deal between the government and Hitachi, that has been said could be up to £21 billion, was a ripoff for Britain. He said: “Taxpayers and bill payers will be shelling out for a nuclear tax if this power station is built”.

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