E.ON UK and RWE npower have confirmed an agreement has been reached to sell Horizon to Hitachi. The deal is expected to be completed by the end of November.

Horizon Chief Operating Officer Alan Raymant said: "This is excellent news and marks the opening of an exciting new chapter for Horizon. Hitachi has a proven international track record in the construction and operation of nuclear power stations.

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"We're very grateful to RWE npower and E.ON UK for the creation and development of Horizon to this point. We will now focus on fully remobilising the business, and working with our new owners to bring forward our plans as soon as possible.

"This announcement is a major shot in the arm for the nuclear industry. We expect our projects to boost the UK's infrastructure sector, and contribute to sustainable economic developments at local level for decades to come. We're committed to working with all relevant bodies to maximise the opportunities for the UK and local labour markets and supply chain."

(CD/GK)