Energy Secretary set to reveal Wylfa Newydd result
DECISION day is looming for the Wylfa Newydd nuclear project with hopes a positive planning result can help kickstart funding talks on the £12bn nuclear plant.
Later this month Business and Energy Secretary Andrea Leadsom is set to announce the decision on the Development Consent Order to construct the power station on Anglesey.
The department received a recommendation from the Planning Inspectorate in the summer with a decision due within three months.
That announcement expected by October 23.
A positive result would provide a welcome boost to the project which is currently in a state of limbo after it was suspended by Hitachi in January after they failed to reach a funding agreement with the UK Government.
It is hoped that securing planning for the site would give the scheme fresh impetus and help drive through a new deal to fund the scheme with alternative arrangements for new is now nuclear projects currently being studied.
Horizon Nuclear Power, Hitachi’s vehicle for the nuclear scheme, said: “We anticipate that the Secretary for State for Business, Energy and Industrial Strategy will announce their decision on our Development Consent Order by the end of October of this year.
“The decision will be based upon a recommendation that’s been delivered by the Planning Inspectorate following a rigorous and independent process that lasted almost two years.
“The decision will heavily influence how the Wylfa Newydd project progresses.
“Whilst the project remains in suspension, a positive decision to grant our DCO would enable us to understand the conditions placed upon the project should the correct conditions for a restart be met.”
Ynys Mon MP Albert Owen says a positive result would give a boost to the whole scheme, although funding remained key.
Mr Owen, who is also a member of the Business, Energy and Industrial Strategy committee, said: “This is an important juncture for the project – a positive outcome makes this project easier to sell.”
BEIS has been asked to comment.