Lithuania waits for proposals for the construction of a new nuclear plant

13/09/2010 11:31 Electricity Market

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Lithuania declared that it is waiting for some proposals to be submitted by potential investors by November in order to construct a new nuclear power plant.

According to the Energy Ministry, a strategic investor might be chosen by the end of the year, but the number of investors asked for binding offers has not been disclosed. The aim of Lithuania through this new nuclear power plant is to replace the Soviet-era facility shut at the end of 2009. The cost of the nuclear plant is estimated at 3-5 billion euros and it should be built by 2018-2020, reducing this way the dependence on energy imported from Russia.

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