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Lithuanian Nuclear Project gets European Approval

GALWAY, IRELAND--June 19 , 2012 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Lithuania has received the thumbs-up from the European Commission (E.C.) on its plans to construct a nuclear power plant at Visaginas.

The positive response is good news for the troubled nuclear project, but the E.C.'s clearance comes with a number of key recommendations, which include the project remaining "economically viable". The decision opens the way for the project to apply for loans from Eurotom or the European Investment Bank (EIB).

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