“We have just received the European Commission’s confirmation about the talks and an invitation to open consultations on the Euratom loan. Positive approach from the European Commission proves high standard of Visaginas nuclear facility’s project development. It will provide us with a possibility to negotiate funding under favorable terms,” VAE CEO, Rimantas Vaitkus, said in a press release.
Meetings with the Commission’s representatives should take place in the near future, he added.
According to plans, Lithuania’s contribution to the new nuclear facility project will comprise own funds of the VAE as well as the loans from Japanese and American export credit agencies, Euratom and the European Investment Bank (EIB).
Together with Latvia, Estonia and Japan’s Hitachi, Lithuania expects to build a new nuclear power facility in Visaginas by 2020.
Hitachi has proposed to build a 1,350 MW Advanced Boiling Water Reactor (ABWR).
