Hitachi Ltd has set up a new UK company to deliver a multi-billion pound energy project in North Wales.
Wylfa Newydd – the next-generation nuclear power station set to be built on the Isle of Anglesey – is expected to have a huge impact on the North Wales economy, providing supply chain opportunities for all kinds of businesses across the region.
The two key partners behind the venture are Hitachi Ltd and Horizon Nuclear Power.
And this week, Hitachi has announced the creation of Hitachi Nuclear Energy Europe Ltd.
The new company will lead on the development of a delivery team to help drive the project forward and establish arrangements with major suppliers needed to develop the site – known as ‘tier 1’ suppliers.
The tier 1 work looks set to be a joint venture between Hitachi and two other world-leading companies – Bechtel and JGC – with a ‘memorandum of understanding’ recently being signed.
Once the tier 1 work is complete, ‘tier 2’ supplier information should follow – meaning companies in North Wales will know when, where and how to compete for potential supply chain contracts. .
Isle of Anglesey County Council (IACC) has welcomed the news, describing it as a major milestone.
Dylan J Williams, Head of Economic Development & Community Regeneration, said: “The newly incorporated Hitachi Nuclear Energy Europe Ltd is a registered UK company, and will enhance UK presence for the engineering, procurement and construction of Horizon Nuclear Power’s new development.
“We at IACC welcome this positive step. Once the tier 1 joint venture is confirmed, details of tier 2 suppliers will hopefully follow – creating clarity on work-scope, where, when and how companies in North Wales can access potential opportunities to supply products and services.”
To register an interest in supply chain opportunities, visit www.hitachi-hgne.co.uk