EUR 4 billion nuclear power deal signed with Baltic states

The Polish and Lithuanian governments have been in talks concerning the nuclear investment since the end of 2006. The new plant is to become a primary source of energy for countries located along the Baltic Sea. The plant is to be completed by 2015 and will replace two atomic reactors located in Lithuania. One of them was recently switched off and the second will be decommissioned in two years time. After that, Baltic countries would have been totally dependent on receiving energy from Russia.The cost of investment is estimated at EUR 4 billion. According to the latest arrangements, Lithuania will have a 34% stake in the venture, leaving Poland, Latvia and Estonia 22% each. (Rzeczpospolita, March 3-4, p. B3) M.M.