Lithuania

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East Europe nuclear plans face many obstacles

Wednesday, February 20, 2008

SOFIA, Feb 20 (Reuters) - East European countries have jumped on the global nuclear renaissance bandwagon, but numerous hurdles facing atomic power mean projects could be delayed and some even abandoned, analysts say.

Slovakia, Romania and Hungary plan to build new reactors or extend the life of existing ones, driven by growing energy needs at home and European Union (EU) targets to reduce greenhouse gas emissions.

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Lithuania, Poland sign power deal, spurring nuclear plan

Wednesday, February 13, 2008

WARSAW (Thomson Financial) - Poland and Lithuania Tuesday signed a deal paving the way to hook up their electricity grids, helping offset Russia's energy clout in the region and clearing a hurdle to related plans to build a new nuclear power plant.

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Fears for future of Lithuania's nuclear town

Thursday, February 7, 2008

By Patrick Lannin and Nerijus Adomaitis

VISAGINAS, Lithuania (Reuters) - When Lithuania's sole nuclear power station closes next year, European Union officials will sigh with relief, but nearby residents are already fretting over the future of their town.

The EU's concern is safety. The Ignalina plant has the same type of reactors as Chernobyl in Ukraine, where a 1986 reactor meltdown caused the world's worst nuclear disaster.

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Lithuania Picks Firms for Nuclear Study

Tuesday, February 5, 2008

VILNIUS, Lithuania — Lithuania's national power company on Monday selected a Finnish-Lithuanian team to conduct a crucial environmental impact study for the construction of a new nuclear power plant.

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Lithuanian Parl't Approves Nuclear Co.

Friday, February 1, 2008

(AP) VILNIUS, Lithuania — Lithuania's parliament on Friday narrowly approved the creation of a state-controlled company to lead a nuclear power plant project aimed at easing regional dependence on Russian energy and replacing an aging Soviet-era reactor.

The new company, to be called Lithuanian Electricity Organization AB, would be 61.7 percent government-owned, with the rest held privately. It would be authorized to negotiate with governments and private companies in Poland, Latvia and Estonia on a proposed joint nuclear power project. The bill still requires the approval of Lithuanian President Valdas Adamkus, who has veto powers.

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Nuclear plant partners face hurdles

Wednesday, January 23, 2008

By Stefan Wagstyl in Vilnius, Robert Anderson in Stockholm and Jan Cienski in Warsaw

The Baltic states and Poland are struggling to settle the political, commercial and environmental problems involved in their joint plan for a €7bn nuclear power station, aimed at easing expected regional electricity shortages and reducing dependence on Russian energy.

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Poland Backs Away From Nuclear Energy Plans

Thursday, January 3, 2008

By Katya Andrusz

Jan. 3 (Bloomberg) -- The Polish government, which took power two months ago, is pulling back from its predecessor's plans to build a nuclear reactor by 2025 and may not take part in a project to build an atomic plant in Lithuania, the Wall Street Journal Polska reported.

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Lithuania gov't to hold 61.7% stake in investment co for Ignalina

Friday, December 21, 2007

The Lithuanian government plans to hold a 61.7% stake in the national investment company being set up to handle financing of a new Ignalina plant, the government said in a statement December 20.

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Lithuanian power plant to take eur 81 mln syndicated loan from five domestic banks

Thursday, December 13, 2007

Copyright 2007 Baltic News Service

Five Lithuania's commercial banks will extend a 81.46 million euros (LTL 281.3 mln) syndicated loan to Lithuania's state-controlled Lietuvos Elektrine (Lithuanian Power Plant).

On Dec. 12 the company and the consortium of Hansabankas, SEB Vilniaus Bankas, DnB Nord, Sampo and Nordea Bank Finland signed a loan agreement on the financing of 400 MW gas unit construction, the power plant said in a statement to the Vilnius Stock Exchange (VSE). Another bidder in the 15-year loan tender, which the power plant announced in August, included Nordic Investment Bank.

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Legality of Law on Ignalina Nuclear Power Plant questioned

Tuesday, December 11, 2007

Vilnius, Dec 10 (ELTA) - State institutions and courts might soon receive a request to amend or recognize the law on the Ignalina
Nuclear Power Plant as illegal. The winners of the Constitution exam who now make up the Citizens' Council on Constitutionality think that a decision to build a nuclear power plant and the principles of formation of the national investor are in conflict with the
Constitution.

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