New Power Plant
There was discussion during the 1990s and 2000s of building a new nuclear power plant at the same site, forestalling the likelihood of an upcoming power shortage in the region. On February 27, 2006, at a 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 June 28, 2007, Lithuania's parliament adopted a law on building a new nuclear power plant, the formal start of a project. On July 30, 2008, the power companies of Lithuania, Estonia, Latvia, and Poland agreed to set up the Visaginas Nuclear Plant Company, which will be responsible for construction of the new power plant with a capacity of 3,000–3,200 MW. GE Hitachi Nuclear Energy is selected as a strategic investor of the project.
Read more about this topic: Ignalina Nuclear Power Plant
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