A steering committee consisting of representatives from power firms Lietuvos Energija, Latvenergo and Eesti Energia has concluded that the construction of a new nuclear power plant in Lithuania is feasible.
The committee’s decision came during a meeting in Vilnius to review the results of a feasibility study for construction of the new power plant.
The objective of the feasibility study was to assess the feasibility of constructing a new nuclear power plant, taking into account both present and forecasted economic, technological, financial and legal environments of the Baltic countries and the EU.
The study of available reactor technologies determined that there is a satisfactory range of proven reactors that would be suitable for use and that would meet prevailing international safety standards. The study revealed that the current Ignalina site is suitable for developing a new reactor.
The study also determined that the current transmission grid would be able to cope with the new power plant with considerable reinforcement and adaptation.
Although the committee has reached its conclusion, Eesti Energia CEO Sandor Liive said that this does not mean that any investment decisions on the project have been made.