Energy, EU – Baltic States, Investments, Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 03.07.2025, 06:23

Western strategic investor to erect new nuclear power plant in Lithuania

Petras Vaida, BC, Vilnius, 12.03.2009.Print version
Not LEO LT, a company established specially to erect the new nuclear power plant in Lithuania, will erect it, but a strategic investor, chosen in a competition. This may be a Western company, which has experience in the area of erection and nuclear reactors production.

It is planned that a preparation consultant for the strategic investor and a business plan, in line with which the nuclear power plant erection work will be performed, will be selected this year. This was announced to ELTA by Energy Minister Arvydas Sekmokas at a news conference on Thursday.

 

"I do not think that they (LEO LT. – ELTA) will erect and that they have enough knowledge and capacity. A strategic investor, selected in a competition, will have to take up the election of the nuclear power plant," the minister said.

 

According to him, there is interest in the project on the erection of the nuclear power plant, because "the ceilings of famous nuclear power plant builders have become lower" in the light of the world economic crisis and our project is becoming more attractive to them.





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