South Korea’s state energy monopoly is in talks with the UK government about building a new nuclear power station off the coast of Wales, in what could be a big boost to Britain’s plans for a new nuclear fleet.
Kepco has held early-stage discussions with British officials about a new facility at the Wylfa site in Anglesey, and a ministerial meeting is expected this coming week, according to people briefed on the matter.
In his March Budget, chancellor Jeremy Hunt announced the government would buy the mothballed site and another from Hitachi for ￡160mn. In 2019, the Japanese industrial group scrapped its plans to develop a nuclear project at Wylfa, writing off ￡2.1bn in the process.
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