A Korean state-owned power giant is drawing up plans to buy a slice of a new £10bn nuclear plant in north Wales. Korea Hydro & Nuclear Power (KHNP) has held early talks about pumping cash into Horizon, the power station being developed by Japanese conglomerate Hitachi on Anglesey. The development is the latest twist in tortuous efforts to fund and build a fleet of power stations to replace Britain’s ageing coal and nuclear plants. Hitachi, whose products range from high-speed trains and nuclear reactors to flatscreen televisions and MRI scanners, has been trying to attract funds for the 5.4MW Horizon power station, which would provide electricity for about 10m homes.
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