Russian Counter-Offers to Baltic Nuclear Power Project In Lithuania

Russian Counter-Offers to Baltic Nuclear Power Project In Lithuania

from Eurasia Daily Monitor - The Jamestown Foundation

The nuclear power plant project in Lithuania is a regional, not merely a national project (“Lithuania Chooses Hitachi-General Electric to Build Nuclear Power Plant,” EDM, July 19). The Visaginas project is intended to meet electricity demand on a region-wide basis. Its commerciality will be optimal if the three Baltic States and Poland participate as stakeholders.
Negotiations on apportioning the financial stakes, and sharing the future output of electricity, will be complicated. Hitachi-GE might be offered as much as 51 percent of the shares while the remainder would be divided among Lithuania and potential investors from Estonia, Latvia and Poland (Delfi, ELTA, July 15).