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Hitachi shelves $20 billion nuclear power plant in UK

Jan 17, 2019 - CNN

HONG KONG (CNN Business) -- Hitachi has shelved plans for a $20 billion nuclear power plant in the United Kingdom, raising questions over future energy supplies in the country.

The Japanese conglomerate said in a statement Thursday that it has stopped work on the project in Wales after failing to reach a deal with the British government.

Horizon Nuclear Power, the company's UK nuclear division, said the decision was made after several years of negotiations over financing with UK a...