Hitachi Ltd. has decided to continue talks over a ¥3 trillion nuclear power plant project in Wales after the British government made a financing offer, according to a source.
The maker of machinery and infrastructure systems made the decision at an extraordinary board meeting Monday and will exchange a document that will serve as a basic agreement with the British government if negotiations make progress, the source said.
The British government has offered to shoulder ¥2 trillion in loans directly and indirectly through a local financial institution. Even so, Hitachi remains concerned over the risk of pursuing the project due to the hefty cost.