Nuclear, Reactors

Korea’s nuclear tender pull-out leaves Lithuania high and dry

Lithuania’s tender to build a new nuclear power plant failed after its last bidder dropped out, but the country said it would continue to negotiate with potential investors.
“It’s a pity that such a company as Kepco has withdrawn its bid,” Deputy Energy Minister Romas Svedas told a news conference. No deadline has been set to choose a strategic investor via direct negotiations, he added.
“We have almost all the financing needed for the project after hearing Kepco’s proposal…We were ready to start talks with regional partners already in January,” he said.
Lithuania wants to build the new nuclear plant after it closed a Soviet-era reactor, deemed dangerous by the European Union, at the end of last year. It also aims to decrease its energy dependence on Russia. The government also wants the new nuclear plant to involve Poland, Latvia and Estonia.