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Lithuania nuclear electricity plant seeks final government approval

04 May 2012 16:15:52 | edem

Proposals for the development of Lithuania's 1.3GW Visaginas nuclear power plant are expected to be granted approval by Lithuania's cabinet of ministers next week, with the government body opening the discussions on Friday, a spokeswoman told ICIS.

On 9 May, the cabinet is expected to endorse the new power plant-related documents including a business plan, a draft concession agreement with the Japanese corporation Hitachi (see EDEM 28 December 2011), as well as legislative amendments necessary for the implementation of the new nuclear power plant.

Following the endorsement, the matter will be referred to the Lithuanian parliament, with final approval expected by 28 June.

Conflict with Kaliningrad plant

Russian state-owned nuclear energy company Rosatom recently announced that its own 2.4GW Kaliningrad nuclear electricity plant is currently on schedule to have commercial operations begin in 2016 (see EDEM 4 January 2012).

Some argue that by building their plant sooner, it would remove the incentive for constructing the Visaginas plant. Currently, the €5bn Lithuanian nuclear project is expected to be fully operational by 2020.

However, neighbouring Baltic countries are refusing to purchase electricity from the Kaliningrad plant, instead moving ahead with their own nuclear initiatives (see EDEM 9 December 2011 and EDEM 29 March 2010). CR

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