Business News

No details of nuclear plant until fall, says Lithuanian premier

Jul 12, 2010, 14:56 GMT

Vilnius - Plans to build a new nuclear power plant in Lithuania are going ahead, but no details are likely to emerge before the fall on how or by whom the project will be financed and built, Lithuanian Prime Minister Andrius Kubilius said Monday.

Speaking after talks in Vilnius with his Estonian counterpart Andrus Ansip, Kubilius said plans for the plant were 'acquiring both a regional and a European dimension.'

'I believe that we will be in a position to hold very specific discussions on the countries' participation in this project, the sharing of responsibilities and further implementation in the autumn,' Kubilius told reporters.

Lithuania's Soviet-era Ignalina facility was shut down on December 31, 2009, over fears that its Chernobyl-type reactors were unsafe.

Construction of a replacement facility to serve the whole region in partnership with Estonia, Latvia and Poland is expected to cost up to 5 billion euros (6 billion dollars), depending on the number and type of reactors chosen.

A tendering process to find a strategic investor from the private sector is currently underway, though no details of the companies involved are being released.

The Lithuanian government hopes the new nuclear plant will go online in 2018 to 2020, though the project has so far been characterized by years of delays and a lack of binding agreements among the potential partners.

Meanwhile, work will continue on dismantling the Soviet-era plant and disposing of its waste - a process expected to take 30 years.

Neighbouring Belarus and Russia are also drawing up plans to build nuclear power plants of their own.



COMMENT

blog comments powered by Disqus

Latest Headlines in Business

Older Talkback

Follow Us

Follow M&C on Pinterest

Search

Custom Search

Also Check Out

Lady Gaga takes in 'ladyboys' performance

Lady Gaga takes in ladyboys performance
Lady Gaga went to see Thailand's famous 'ladyboys' perform in Bangkok today (25.05.12). ... more

Beyonce Knowles nervous about comeback performance

Beyonce Knowles nervous about comeback performance
Beyonce Knowles is nervous about returning to the stage tonight (25.05.12) for the first time since having a baby. ... more

Reese Witherspoon's pregnancy is going 'great'

Reese Witherspoons pregnancy is going great
Pregnant Reese Witherspoon says she feels 'great' despite undertaking the long flight to the Cannes Film Festival in France from her home in California. ... more

Robert Pattinson refused to bare all for movie

Robert Pattinson refused to bare all for movie
Robert Pattinson refused to bare all for his new movie, telling director David Cronenberg it 'wouldn't happen'. ... more

Kristen Stewart's naked first day on set

Kristen Stewarts naked first day on set
Kristen Stewart spent her first day on the set of 'On The Road' naked but is surprised by how comfortable she was with the sex scenes. ... more

Anna Kendrick's nightclub lie

Anna Kendricks nightclub lie
'Twilight Saga' star Anna Kendrick used to pretend she was best friends with actress Ashley Olsen' to get into Los Angeles nightclubs. ... more

Janet Jackson wants Paris to enjoy childhood

Janet Jackson wants Paris to enjoy childhood
Janet Jackson doesn't want her niece Paris to begin her career now because she wants the 14 year old to enjoy her teen years. ... more

Nicole Kidman sent sexy texts to director

Nicole Kidman sent sexy texts to director
Nicole Kidman landed her role in 'Paperboy' after sending 'provocative' text messages to director Lee Daniels. ... more

Kelly Osbourne takes up golf

Kelly Osbourne takes up golf
Kelly Osbourne has a new hobby - she has taken up golf. ... more

Katy Perry's revealing film

Katy Perrys revealing film
Katy Perry is more 'revealing' than she's ever been in her 3D concert film 'Part Of Me' and joked the hardest part was being filmed without make-up. ... more