Monday, November 26, 2012

Horizon completes transition to Hitachi

So it's a done deal. Horizon, its assets and its staff have now been acquired by Hitachi as a going concern.

The good news is that the current preference for hybrid cooling towers is likely to remain unchanged.

The bad news is that development at Oldbury will follow development of the lead site at Wylfa on Anglesey. This means that Hitachi's local multibillion pound investment, with a peak of around 6,000 construction jobs and around 1000 during the operation of the station, is unlikely to materialize until mid 2020s. So plenty of time for local pressure groups to dream up even more reasons why not.

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