PLANS to build a new nuclear power station in Oldbury-on-Severn have been scrapped.

Following the decision by Japanese company Hitachi to pull out of a project to build a new power station on Anglesey, Horizon Nuclear Power, a Gloucester company owned by Hitachi, has ceased its activities on Anglesey and at Oldbury.

Activity was suspended at both sites in January 2019 due to the absence of a clear funding package for the lead Wylfa Newydd project.

Horizon maintained the capability to restart in the event a new financing model was established but will now take steps for the closing down of all its current development activities.

Chief Executive Duncan Hawthorne said: “I understand this announcement will be disappointing for our many supporters who had hoped to see our project through to completion.

“Nuclear power has a critical role to play in helping tackle our energy needs, meeting our climate change targets and levelling up the economy through green growth and job creation.

“Wylfa Newydd on Anglesey and Oldbury-on-Severn are highly desirable sites for new nuclear build. We will do our utmost to facilitate the prospects for development which will bring the major benefits nuclear can uniquely deliver as we push to transition to a net zero carbon economy by 2050.”