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.

The private company NDX Energija is expected to hold the remaining stake. In order to organize the investment company, the government said the law on a new nuclear plant will have to be amended and that it would bring a motion to do so to the Seimas (parliament) as soon as possible.

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