Baltic States – CIS, Energy, EU – Baltic States, Lithuania, USA

He said that the fact that Russia is building a NPP in the Kaliningrad region, as well as the fact that Belarus is constructing one, would not have any influence to the business model of the Visaginas NPP at all, reports LETA/ELTA.

"It does not matter at all as long as there are electrical connections between the Baltic States and the Nordic countries, it would not make any difference to put in 1,000 megawatts into the energy system of the countries. The structure of electricity price will be determined by the price of the Nord Pool because this system is much larger. It is great if you infuse some extra energy into the system, it basically does not have any effect on price and does not change the return of investment. In addition, I personally do not believe in the Kaliningrad project, if Lithuania decides to go further. In such case, the project of the Kaliningrad region NPP dies. Let us not forget that the Kaliningrad NPP would be built on an energy island. It would need infrastructure from Lithuania or Poland", Jackson said.