Energy, Energy Market, Lithuania, USA
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Friday, 19.04.2024, 07:32
Exelon engineers are once again exploring Lithuania
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And US energy giant Exelon, which took part in the Visaginas
nuclear power plant project, is behind the back of the NET Power startup which
has developed a new-technology gas power plant, the vz.lt business news website
reports.
8 Rivers Capital was the only participant of the Ministry of
Energy's announced survey, proposing implementing the power plant project under
market conditions, i.e., without any state assistance. It invests into and
helps to implement highly-risky and future-oriented technology projects.
The US companies built a 50 MW gas power plant, valued at
around 150 mln US dollar, in Texas, in cooperation with McDermott, Exelon
and Oxy Low Carbon Ventures.
Exelon Generation's subsidiary Exelon Nuclear Partners
considered taking part in the Visaginas NNP project and was picked as the
project's engineer in 2011 but the project failed to secure public support and
was halted.
The value of planned investment in Lithuania has not been
disclosed.
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