www.bloomberg.com
Sep 10, 2010
Lithuania invited investors to bid on building a nuclear power plant to reduce the Baltic country's dependency on energy imports from Russia. Pre-selected bidders have until November to make binding offers, while the government wants to have a partner selected by the end of the year, the Vilnius-based Energy Ministry said in an e-mailed statement today. Lithuania wants to replace the Soviet-made Ignalina facility that was shut in December to comply with pre-accession commitments to the European Union. The country, which imports almost 50% of its electricity supplies, wants to complete the atomic power plant in Visaginas between 2018 and 2020. The government said in February it shortlisted five companies it declined to name to invest in and build the power station, which may cost as much as 5 billion euros ($6.4 billion). Iberdrola SA, Spain's largest electricity supplier, said in May it was one of the finalists.
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