EBRD supports replacement for Ignalina

30 November 2005

A European Bank for Reconstruction and Development (EBRD)-administered fund is granting €90 million to upgrade a Lithuanian multi-fuelled power plant in order to help replace capacity lost at the Ignalina nuclear plant, unit 2 of which is due for closure in 2009.

The Ignalina International Decommissioning Support Fund will help the Elektrenai power plant produce its 1800MWe capacity of from gas, heavy fuel oil and orimulsion.

Meanwhile, the European Union energy commissioner Andris Piebalgs has reportedly suggested that Latvia should not proceed with planned investments in a new nuclear reactor in Lithuania. Instead, Piebalgs said that the investments should come from the private sector.

Latvian officials are understood to have expressed the opinion that such investment would be in the country’s interests, given that Latvia currently imports electricity from Lithuania, Estonia and Russia.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.