Ignalina NPP closure costs $14.6 billion

Publish date: September 20, 2005

The Lithuanian Parliament stated that Ignalina NPP closure ordered by the European Union would cost $14.6 billion.

The experts are afraid that Lithuania will not manage to fulfil its obligations concerning the plant’s shutdown due to the high costs. According to the experts’ estimates $5 billion is required just to close the nuclear plant and accommodate the radioactive and nuclear waste. The rest $9.6 should cover the economical loss and social expenses. The Lithuanian government should also upgrade the existing electricity generation plants, build new and improve the system of electricity distribution in the republic, ITAR-TASS reported.

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