The French or Koreans may build Lithuania’s N-plant

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Pranešk apie klaidą

Lithuania Government have possibly chosen two contenders that are likely to continue their bid in constructing the Visaginas New Nuclear Plant.  The Lithuanian business daily Verslo Zinios maintains that it received an unconfirmed reports that the consortiums led by Electricite de France (EDF) or Korea Electric Power Corp. are seen as likely builders of the plant.

As Verslo Zinios disclosed  a delegation of Lithuanian officials, including Deputy Energy Minister Romas Svedas and Sarunas Vasiliauskas, the CEO of Visaginas Nuclear Power Plant, visited Korea in February.  The paper also noted that  the less known Korean company now often outbids the French energy giant.  However, the biggest disadvantage of the Koreans is that theoretically have not completed a nuclear plant yet, even though they building a few at the moment.

Unnamed potential strategic investors in Visaginas plant submitted binding offers last week, which are now being analyzed by the Concession Tender Commission.  According to the paper the Government should chose a strategic partner in constructing the plant by the end of this year, and should sign a contract sometime during next year.  Lithuania plans to build the joint Baltic States and Polish plant in Visaginas by 2018-2020.  The coast of the project should be between EUR 3-5 billion, depending on technologies that are chosen.

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