Lithuania Invites Bids for Nuclear Power Plant to Cut Russia Dependence

[Dogmudgeon]

http://www.bloomberg.com/news/2010-09-10/lithuania-invites-bids-for-nuclear-power-plant-to-cut-russia-dependence.html">Lithuania Invites Bids for Nuclear Power Plant to Cut Russia Dependence
Milda Seputyte - Sep 10, 2010 4:00 AM ET

Lithuania invited investors to bid on building a nuclear power plant to reduce the Baltic country’s dependency on energy imports from Russia.

...

Lithuania wants to replace the Soviet-made Ignalina facility that was shut in December to comply with pre-accession commitments to the European Union. The country, which imports almost 50 percent of its electricity supplies, wants to complete the atomic power plant in Visaginas between 2018 and 2020.

The government said in February it shortlisted five companies it declined to name to invest in and build the power station, which may cost as much as 5 billion euros ($6.4 billion). Iberdrola SA, Spain’s largest electricity supplier, said in May it was one of the finalists.

http://www.bloomberg.com/news/2010-09-10/lithuania-invites-bids-for-nuclear-power-plant-to-cut-russia-dependence.html">Source: Bloomberg

Notes:

1. The http://en.wikipedia.org/wiki/Ignalina_Nuclear_Power_Plant">Ignalina power plant is/was one of the last RBMK reactors (the same type as Chernobyl's). It was closed at the end of last year.

2. Iberdrola is also a major http://iberdrolarenewables.us/">wind and solar energy company, either #1 or #2 in the world.

--d!