Horizon Nuclear Power has dropped its option on the former Shell oil depot on Anglesey. Conygar has confirmed that the option had been cancelled, but say they are prepared to wait for change in nuclear.

The 200 acre site at Rhosgoch was one of three sites in north Anglesey that would have housed up to 10,000 workers during the construction project.

An option agreement was signed between Horizon
and Conygar Investment Company in 2017 with hopes the site could be transformed into a holiday park once the plant was built.

Hitachi announced in January that the Wylfa Newydd project was being put on hold after failing to reach a funding deal with the UK Government.

Now Conygar has revealed that Horizon has cancelled its option on the Rhosgoch site in recent weeks.

Horizon has though retained the option for a logistics centre on the seven acre Conygar site at Parc Cybi at Holyhead.

Robert Ware, Chief Executive of The Conygar Investment Company, said while Horizon had cancelled the option at Rhosgoch they had not given up on nuclear.

He said: “The Government’s White paper on energy comes out this summer and this is expected to offer a different way on funding nuclear power.

“We will sit on the site and wait and see what this will bring.

“Experts in nuclear all seem to agree that Wylfa is the best site for new nuclear in the UK and we believe we are very well placed to support that site so we have not given up on this. We are prepared to wait.”

While the project has been placed on ice, the planning process continues for the nuclear plant, with the Planning Inspectorate considering the application.

This would enable the development to move ahead more rapidly if a funding deal is agreed in the future.

Article and image retrieved from:
https://www.dailypost.co.uk/business/business-news/wylfa-newydd-developer-drops-option-16272092

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