RWE Npower and its partner E.On have said they will not develop new nuclear power projects in the UK.
The two were planning to invest in a new plant in Anglesey under a joint venture called Horizon.
But the firms say that raising finance for major power projects has become difficult due to the global financial crisis.
RWE has also been hit by costs associated with decommissioning nuclear power plants in Germany.
Source & Image : BBC
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