Visaginas Nuclear Power Plant
| Visaginas nuclear power plant | |
|---|---|
 Location of Visaginas nuclear power plant in Lithuania
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| Official name | Visagino atominė elektrinė |
| Country | Lithuania |
| Location | Visaginas Municipality |
| Coordinates | 55°36′20.52″N 26°34′33.03″E / 55.6057000°N 26.5758417°ECoordinates: 55°36′20.52″N 26°34′33.03″E / 55.6057000°N 26.5758417°E |
| Status | Planned |
| Construction cost | €5 billion |
| Power generation | |
| Nameplate capacity | 3,400 MW |
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Website http://www.vae.lt/en/ |
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Visaginas Nuclear Power Plant is a planned nuclear power plant project in Lithuania. It was proposed to be built at the site of the closed Ignalina Nuclear Power Plant, which was shut down on 31 December 2009 in accordance with Lithuania's accession agreement to the European Union. The two reactors of the Ignalina plant are currently undergoing a decommissioning process.
Discussions concerning the building of a new nuclear power plant started in the 1990s and continued in the 2000s. By the accession agreement to the EU, Lithuania took on an obligation to decommission the reactors of the Ignalina Nuclear Power Plant.
On 1 December 2005, during his visit to Estonia, Lithuanian Prime Minister Algirdas Brazauskas met with the CEO of Eesti Energia, Sandor Liive to discuss Eesti Energia's participation in the nuclear power plant project. On 26 January 2006, in the conference in Vilnius the representatives of all three Baltic states discussed the realization study for construction of a new Power station in the region. On 27 February 2006 at the meeting in Trakai, the Prime Ministers of Lithuania, Latvia and Estonia signed a communiqué which invited state-owned energy companies in Lithuania, Latvia and Estonia to invest in the design and construction of a new nuclear power plant in Lithuania on the basis of agreed terms and conditions applicable to each party involved. On the basis of this communiqué, on 8 March 2006, the heads of Lietuvos Energija, Eesti Energia and Latvenergo during their meeting in Ignalina signed a memorandum of understanding on the preparation for construction of a new nuclear reactor in Lithuania. On 8 December 2006, Poland was invited to join the project.
On 28 June 2007, Lithuania's parliament adopted a law on building a new nuclear power plant, the formal start of a project. On 4 July 2007, the President of Lithuania Valdas Adamkus signed the law and it became effective on 10 July 2007. The law also stipulated creation of a "national investor" to gain investments for the new nuclear power plant. The talks between the government and privately owned NDX Energija on the establishment of the "national investor" company started on 30 November 2007. The creation of the national investor—LEO LT—was agreed between the Government of Lithuania and NDX Energija on 20 December 2007. Lithuanian Parliament approved the agreement on 1 February 2008 and the Lithuanian President Valdas Adamkus signed the law on 12 February 2008. However, LEO LT was dissolved at the end of 2009 and the responsibilities for construction of the nuclear power plant took over the special project company Visagino atominė elektrinė. A tender for finding a strategic investor was launched in December 2009.
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