Subscribe free to our newsletters via your
. Space Industry and Business News .




CIVIL NUCLEAR
Lithuania seals approval of Hitachi nuclear plant deal
by Staff Writers
Vilnius (AFP) June 21, 2012


Lithuania's parliament on Thursday approved a deal with Japan's Hitachi on the construction of a new nuclear plant aimed at reducing the Baltic state's energy dependence on Russia.

Last July, Lithuania invited Hitachi in alliance with General Electric to start talks on building a plant, rejecting a bid by the US-based Westinghouse Electric, owned by Japan's Toshiba Corporation.

The Hitachi package was approved Thursday with 69 votes in favour, two votes against and three abstentions but with most opposition lawmakers in the 141-seat parliament boycotting the vote altogether.

The value of the investment is put at up to 5.0 billion euros ($6.3 billion) and the plant is expected to generate 1,350 megawatts from 2020-2022.

Construction is expected to start in 2015.

Hitachi group will get a 20 percent stake in the project. Lithuania will hold 38 percent, while fellow Baltic states Estonia and Latvia will control 22 and 20 percent respectively though contractual details are still being ironed out.

The new Visaginas power plant is set to replace a Soviet-era facility, closed in 2009 under the terms of Lithuania's 2004 EU entry deal.

The old Ignalina plant provided 70 percent of Lithuania's electricity. Today the country imports over 60 percent of its electricity, mostly from Russia, which is also its sole gas supplier.

"The billions that Lithuania pays every year for imported electricity and gas to produce electricity will stay in our country," Rokas Zilinskas of the governing conservatives told parliament Thursday.

Facing a general election in October which polls show could favour the social democratic opposition, the center-right government insists the project will boost the economy and create 6,000 jobs.

Social democrats blasted the move, insisting the deal was more advantageous to Hitachi than to Lithuania and will push country into debt.

"The world now turns on green energy. Lithuania could also choose this way," social democrat Birute Vesaite said.

Lithuania is also planning to hook into the power grids of Sweden and neighbor Poland by the end of 2015.

The Baltic nation of three million joined European Union and NATO in 2004, 14 years after it split from the Soviet Union.

.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CIVIL NUCLEAR
Sweden raises security over explosives at nuclear plant
Stockholm (AFP) June 21, 2012
Sweden has tightened security at its three nuclear power plants after routine checks revealed an explosive device planted on a truck inside its southern Ringhals plant, police said Thursday. "Preliminary results from the forensic analysis confirm that it was explosive material. Exactly which type it was and the exact quantity is not something we want to disclose at this point," police said i ... read more


CIVIL NUCLEAR
Samsung launches new phone in US, taking on Apple

China defends rare earths policy

Apple fined $2.29 mln over Australian '4G' iPad

Space is Big, But Getting Smaller

CIVIL NUCLEAR
Boeing FAB-T Demonstrates Communications with On-orbit AEHF Satellite

Lockheed Martin Completes Environmental Testing on Second US Navy Satellite

Raytheon receives contract to link Navy Multiband Terminal to USAF's Polar Satellite

Raytheon receives $79 million award for US Navy Multiband Terminal systems

CIVIL NUCLEAR
A milestone in launcher preparations for Arianespace's fourth Ariane 5 flight of 2012

US military launches new satellite into space

NASA Administrator Bolden Views Historic SpaceX Dragon Capsule

NASA's NuSTAR Mission Lifts Off

CIVIL NUCLEAR
Trial by vacuum brings next Galileo satellites closer to launch

Boeing Completes Fifth GPS IIF Satellite for USAF

GPS being used as weather forecast tool

Apple fends off Android challenge with maps, Siri

CIVIL NUCLEAR
Boeing Named Associate Partner to SELEX Sistemi Integrati in Single European Sky ATM Research Development Phase

Jetstar Japan chief says no threat to JAL's revival

Embraer ups components output in Portugal

Norway orders first two F-35 fighters as part of $10bn deal

CIVIL NUCLEAR
Renesas shareholders approve $630 mn in aid

Quantum bar magnets in a transparent salt

Researchers 'heal' plasma-damaged semiconductor with treatment of hydrogen radicals

Relocating LEDs from silicon to copper enhances efficiency

CIVIL NUCLEAR
Satellites show less pollution from deforestation

Soil Moisture Climate Data Record observed from Space

Anniversary in space - five years of TerraSAR-X

Embedded Educators: Teacher Research Experience in Greenland with Operation IceBridge

CIVIL NUCLEAR
New Software Forecasts Noise Levels in a Street

Red Cross sounds alarm about weapon contamination

UN environment summit opens, but prospects grim

Rights group slams 'lawless' Indian mining industry




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement