“We have to talk with the strategic investor, Hitachi, about project conditions that would be better in financial terms. Working together with the strategic investor and regional partners, we must secure maximum project funding at lowest costs from international financial institutions and export credit agencies”, the minister said.
“We would also like to see Hitachi’s long-term readiness to invest in Lithuania, not necessarily in the energy sector alone,” the minister said.
A working group set up by the Lithuanian government has stated that the price of electricity generated at the new facility may be non-competitive. The authorities now say that the project could only be continued if its terms were improved through talks with Latvia’s and Estonia’s energy companies and Hitachi.
