Energy, Legislation, Lithuania, Nuclear power plant

International Internet Magazine. Baltic States news & analytics Saturday, 01.11.2014, 01:35

Lithuanian Seimas approves of the development of Visaginas NPP

Petras Vaida, BC, Vilnius, 19.06.2012.Print version
On Tuesday, after voting, the Seimas approved amendments to the draft law on the Visaginas Nuclear Power Plant (NPP) construction.

The approval means that the Visaginas NPP project can be further developed. 72 MPs voted for, 18 – against the project, while 32 abstained, writes LETA/ELTA.

 

The Visaginas NPP project's cost is LTL 17 billion (EUR 4.9 billion). Lithuania will contribute to the project by LTL 6 billion (EUR 1.7 billion). The construction of the plant is planned to start in 2015, and the plant is to be launched in 2020-2021.

 

It has been estimated that the plant's production costs will stand at LTL 0.07-0.1 (EUR 0.02-0.03) per kilowatt-hour, plus construction loan services which will cost LTL 0.1-0.15 (EUR 0.03-0.04) per kilowatt-hour. The loan is expected to be completely repaid until 2038-2040.

 

In December, Poland withdrew from the project, now the members of the project are Lithuania, Latvia and Estonia together with a strategic partner – the Japanese company Hitachi.

 

This week, the final voting on the Visaginas NPP concession agreement will take place at the Seimas.






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