LONDON/ TOKYO--Japan's Hitachi has yet to decide whether to proceed with its 3 trillion yen ($28 billion) nuclear project in Britain and talks with the government are continuing, the company and government said on Friday.



A spokeswoman for British Prime Minister Theresa May said talks with Hitachi were continuing. "The negotiations on that are ongoing and those are obviously commercially sensitive so I can't comment," she told reporters.


Hitachi said in Friday's statement that it had been assessing the project "including its potential suspension and related financial impact."

"Should any matter arise which needs to be disclosed Hitachi will announce information in a timely manner," Hitachi said.

Nikkei reported that Hitachi had decided to freeze the project, leading to a special loss of 200 billion to 300 billion yen ($1.9 billion to $2.8 billion) for the year ending in March. Hitachi's board would vote on the suspension at a meeting next week, it reported, without citing its sources.

Hitachi said in its statement on Friday: "These articles aren't based on Hitachi's decision or disclosed information."





"New nuclear is an integral part of a future decarbonized power supply," said the association's chief executive, Tom Greatrex, said.

