Singapore markets close in 6 hours 22 minutes
  • Straits Times Index

    3,277.23
    -2.81 (-0.09%)
     
  • Nikkei

    27,748.31
    -508.94 (-1.80%)
     
  • Hang Seng

    24,263.45
    +150.67 (+0.62%)
     
  • FTSE 100

    7,563.55
    -47.68 (-0.63%)
     
  • BTC-USD

    42,397.52
    +181.62 (+0.43%)
     
  • CMC Crypto 200

    1,010.47
    +1.08 (+0.11%)
     
  • S&P 500

    4,577.11
    -85.74 (-1.84%)
     
  • Dow

    35,368.47
    -543.34 (-1.51%)
     
  • Nasdaq

    14,506.90
    -386.86 (-2.60%)
     
  • Gold

    1,812.50
    +0.10 (+0.01%)
     
  • Crude Oil

    86.96
    +1.53 (+1.79%)
     
  • 10-Yr Bond

    1.8650
    +0.0930 (+5.25%)
     
  • FTSE Bursa Malaysia

    1,528.86
    -14.06 (-0.91%)
     
  • Jakarta Composite Index

    6,606.30
    -7.76 (-0.12%)
     
  • PSE Index

    7,298.11
    -45.85 (-0.62%)
     

Hitachi says it has no plans to sell British nuclear project to China

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
General view of the decommissioned Wylfa nuclear power station on the island of Anglesey
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

TOKYO (Reuters) - Japanese conglomerate Hitachi Ltd said on Sunday it has no plans to sell a stalled British nuclear power project to China.

The group's statement followed a report in Britain's Sunday Times newspaper that U.S. President Donald Trump's administration has warned Hitachi not to sell its nuclear site in Anglesey, Wales, to China.

"We are not aware of any plans to sell the project to China," Hitachi said.

China's General Nuclear Power Corporation (CGN) is keen to buy the site as part of plans to build a fleet of nuclear reactors, the report said.

Hitachi last year froze the 3 trillion yen ($28 billion) Anglesey project and booked a writedown of 300 billion yen on its British nuclear unit, as the project failed to find private investors.

Sources at the time said Hitachi had called on the British government to boost financial support for the project to appease investor anxiety, but turmoil over the UK's exit from the European Union limited the government's capacity to compile plans.

(Reporting by Makiko Yamazaki; Editing by Susan Fenton)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting