VILNIUS, Lithuania, Oct. 2 (UPI) -- Lithuania is seeking European investors to underwrite construction of a new nuclear power plant.
The Baltijos Naujienos Akcijos news agency reported Thursday that Visagino Atomine Elektrine (Visaginas Nuclear Power Plant) head Sarunas Vasiliauskas said, "One of our conclusions is that a strategic investor is needed to implement the project, it could not be implemented without such an investor. An assessment of who could be that investor has been made. The main principle is that such projects are long-running and risky, hence the strategic investors could be large energy companies that could guarantee loans with their assets. Such companies are only present in the European Union."
Among the companies under consideration are Britain's Centrica PLC, Germany's Rheinisch-Westfalisches Elektrizitatswerk AG (RWE), Electricite de France, Germany's E.ON AG energy corporation, the Czech Republic's Ceske energeticke zavody (CEZ), Finland's Fortum Oyj, Italy's Ente Nazionale per l'Energia elettrica (ENEL), France's GDF Suez, Sweden's Vattenfall, U.S. company Duke Energy, Japan's Toshiba, France's Areva and Spain's Iberdrola.
