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Introduction to Wylfa Newydd

Rhodri Owen28 February 2017

@HorizonNuclear

Corporate overview

• Established in 2009 and acquired by Hitachi in November 2012

• Established to help meet the need for new, secure low carbon power

• Making steady progress past milestones for lead project

• Will deploy tried and tested Hitachi-GE ABWRs which have been built to time and

budget in Japan • c.£20billion investment in the UK - up to

60% of project value could be spent in UK, creating opportunities for British businesses

GLOUCESTER HQ

WYLFA NEWYDD

OLDBURY

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Project in numbers

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Long-term business model

WYLFA NEWYDD

OLDBURY

PROJECT 3

PROJECT 4

(Hitachi Nuclear Energy Europe)

@HorizonNuclear

Project structureINVESTOR/S

SUPPLY CHAIN COMPANIES

DEVELOPER, OWNER, OPERATOR, DECOMISSIONER

Tier 2sINCLUDES HITACHI-GE

MANUFACTURE / CONSTRUCTION / SERVICES

Hitachi Nuclear Energy EuropeBechtel, JGC

Owner’s scope

Tier 2s

Future investors

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Principle Workstreams

Delivering Wylfa Newydd

• Planning permissions• Site development• Environmental permits• Engineering design• Supply Chain development• Organisational development

Creating an investible project

• Contract for Difference• Treasury Guarantee • Future power sales• Additional investors

Technical

• Generic Design Assessment• Design Authority• Technical assurance

Preparing for generation

• Safety• Generating capability• Operating partners• Training service provider• Nuclear Site Licence

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Delivering Wylfa Newydd

• Planning permissions

• Site development

• Environmental permits

• Supply chain development

• Engineering design

• Organisational development

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Socio-economic benefits

Project will deliver benefits in employment, skills, supply chain & improved infrastructure

Much of the local and national support rests on delivering these benefits

Benefits will be seen locally, regionally and nationally – but local benefits the most crucial

Headline Figures Create c.5,400 direct and indirect jobs in area around

Wylfa Newydd during construction Already spending c.£70m/year with UK supply chain Construction on it is own will boost local economy’s

average annual growth rate by a quarter £1bn programme of new & enhanced infrastructure on

Anglesey c.700 apprentices before generation begins + investment

in local training facilities 850 long-term (60+ years) operating jobs – vast majority

will be local people Over £20m every year in wages alone into the local

economy throughout operating period

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Forward priorities

EARLY 2019FINAL INVESTMENT DECISION

MID 2018ALL CONSENTS AND PERMITS

2017END OF TECH ASSESSMENT (GDA)

2018DEVELOPMENT CONSENT / NUCLEAR SITE LICENCE

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Recent progress

• Detailed discussions on a financial support model with UK Government and Government of Japan

• ABWR moving through fourth and final stage of the Generic Design Assessment

• Operations Partnership announced with Exelon Generation

• Clearance to begin purchase of reactor components

• Menter Newydd JV approaching second year of preparatory work for Horizon

• Further nuclear expertise added to Horizon Board

• Second intake of Horizon Apprentices launched

• £1 million of funding for Coleg Menai to build a new Engineering Centre on Anglesey

@HorizonNuclear

For more information

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Thank you