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Thursday
Apr122012

Two major German firms pull out of UK nuclear programs

Two giant German firms, E.On and RWE, are to pull out of building new nuclear power stations in the UK. It's the first fallout from the Japanese Fukushima disaster to hit Britain's nuclear industry, reports Channel 4 news. The joint venture run by the two firms, Horizon, was planning to build new nuclear plants at Wylfa on Anglesey, and Oldbury-on-Severn in Gloucestershire. The companies blamed the scarcity of capital in an economic crisis, the ‘significant ongoing costs’, and the fact that their home country has turned its back on nuclear power.