• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 5 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 8 minutes Gazprom fails to exempt Nord Stream-2 from EU market rules
  • 3 hours China wields coronavirus to nationalize American-owned carmaker
  • 12 hours Open letter from Politico about US-russian relations
  • 19 hours Renewables Overtake Coal, But Lag Far Behind Oil And Natural Gas
  • 54 mins Joe Biden the "Archie Bunker" of the left selects Kamala Harris for VP . . . . . . Does she help the campaign ?
  • 15 hours US will pay for companies to bring supply chains home from China: Kudlow - COVID-19 has highlighted the problem of relying too heavily on one country for production
  • 2 days Trumpist lies about coronavirus too bad for Facebook - BANNED!
  • 2 days China's impending economic meltdown
  • 4 hours Trump is turning USA into a 3rd world dictatorship
  • 2 days Liquid Air Battery
  • 2 days What the heroin industry can teach us about solar power (BBC)
  • 2 days Rational analysis of CV19 from Harvard Medical School
  • 2 days The Truth about Chinese and Indian Engineering
  • 2 days Why Oil could hit $100
  • 3 days Brent above $45. Holding breath for $50??
  • 3 days Pompeo upsets China; oil & gas prices to fall

Financial Problems Hit Nuclear Projects in the Balkans

Latvian President Andris Berzins has reaffirmed Latvia's interest in buying electric power generated by Lithuania’s Visaginas nuclear power plant, but asserted that because of the country’s fiscal situation, Latvia would be unable to afford financing new projects for the foreseeable future.

Berzins said in an interview, "It is for the Lithuanian state to deal with this matter, and it would be unwise for them not to go ahead with this project, because they have people who know how to do it.... I am not totally against this project and I wish Lithuania luck. The question is about Latvia's ability to finance this project, which would increase either the government debt or the debt of (Latvian national power utility) Latvenergo," BNS news service reported.

When queried about Latvia's possible financial involvement with the Visaginas NPP project, Berzins remarked, "Sales opportunities are key to each business project, and this is business.... Latvia, of course, is interested, but the question is about terms.... The question is, how much and who would be ready to buy from this new enterprise. It is obvious that Latvia would be interested in buying (electricity)," adding, "Since this Lithuanian NPP project was delayed, Latvia decided to go ahead with its TEC-2 (thermal power plant) project and invested in it."

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News