RWE, E.ON and npower nuclear jv named Horizon Nuclear Power

A joint venture between RWE, npower and E.ON UK to build new nuclear power stations in the UK is to be named Horizon Nuclear Power.

The company will begin operation from 16 November working from new headquarters near Gloucester, according to an announcement today.
 
The joint venture was created in January and aims to develop around 6,000MW of new nuclear capacity in the UK by 2025.  The first reactor is expected to come online around 2020.

Earlier this year the company secured development land at Wylfa on Anglesey and Oldbury-on-Severn in South Gloucestershire.  

The company is still locked in a competitive tender process with Areva and Westinghouse for the selection of a reactor technology.

“Choosing our reactor supplier is a significant milestone and the technical and commercial evaluation of our options is well underway. A team of nuclear experts from across RWE and E.ON has been put in place to support this process, with the aim of selecting a preferred supplier for exclusive negotiation early in the new year,” said chief operating officer Alan Raymant.

“The imminent publication of the Government’s Nuclear National Policy Statement is also a key step and we look forward to playing our part in the consultation process that follows.  It's vital that the Government sticks to the timeline for establishing the regulatory and consenting framework for new nuclear if we are to deliver what the country needs in terms of reliable, low carbon electricity,” he added.