The Government is in talks to take a direct stake in a nuclear power project for the first time in over forty years by ploughing taxpayers’ money into a £20bn plant in Wales.
Business Secretary Greg Clark ended months of speculation by confirming that he is hoping to strike a deal with the Japanese conglomerate Hitachi and the Japanese government to take a stake in the 2.9GW Wylfa nuclear project on the Isle of Anglesey.
However, the minister stopped short of providing details of the potential deal which is still under discussion.
The Government's first planned investment in nuclear power since privatisation has emerged in the wake of its widely criticised deal with EDF Energy to build Britain’s...