RAB model may have saved Wylfa Newydd nuclear project

Access to the regulated asset base (RAB) financing model may have helped to save Hitachi’s plans to build a new nuclear plant in north Wales, an executive who worked on the project has told MPs. Last year, the Hitachi-backed Horizon consortium announced it had withdrawn from the Wylfa Newydd project after ploughing more than £2 billion into its development.  

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