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Išbandyti
2013 07 18

Hitachi is ready to improve terms for Lithuanian nuclear power plant project

Hitachi Vice-president Koji Tanaka has assured on Thursday that the Japanese corporation is willing improve economic terms of Lithuania's Visaginas nuclear power plant project.
„Hitachi“
„Hitachi“ / „Reuters“/„Scanpix“ nuotr.

During his meeting with Lithuanian Energy Minister Jaroslav Neverovič, Tanaka "confirmed Hitachi's willingness to improve the project, as well as to contribute to Lithuanian society through positive discussion with their state-of-the-art technology," the Energy Ministry said in a press release.

Hitachi understands that a long-term sustainable energy policy is a key priority in Lithuania, just like in other countries, it says.

A working group appointed by Prime Minister Algirdas Butkevičius concluded last spring that the nuclear power project, in its current form, was too expensive for Lithuania and that the price of electricity generated at the new facility might be non-competitive.

The authorities then said that the project could only be continued if its terms and conditions were improved through talks with Latvian and Estonian energy companies and Hitachi.

The government in May instructed Neverovič to hold talks with the regional partners and Hitachi on new terms and conditions.

The minister has mentioned that Lithuania would like Hitachi to invest more in the country, not necessarily in the energy sector, and more parts for the new facility to be purchased from local producers.

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