Estonian energy company about investing in Visaginas NPP: "No, thanks"

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30 July 2014 the Ministry of Energy of Lithuania and "Hitachi, Ltd." signed the Memorandum of Understanding [1], where they outlined the intentions to establish an interim project company in order to help the project move forward [2]. The memorandum bears no legal or financial consequences.

CEO of "Lietuvos energija" said that the Visaginas nuclear power plant project could be implemented only with state guarantees [3].

Meanwhile, Sandor Liive from Ëesti Energia" said that cheap nuclear energy does not exist anymore, and if Lithuanians would approach Estonia now (quote from August 2014) with the offer to invest in Visaginas NPP, the answer would be "No". [4] According to Andrius Kubilius, the parliamentary opposition leader, Estonia is the weak link in this project.[5]

The plant can be build only if the other two Baltic states cooperate.

In a few moths, the new National Energy Strategy is planned to be approved by Lithuanian Government and the Parliament. The strategy project is part of the wider study regarding Lithuanian energy sector perspectives. [6]