Viewing cable 09VILNIUS671
Title: Lithuanian Government Invites Investors For The

IdentifierCreatedReleasedClassificationOrigin
09VILNIUS6712009-12-10 12:38:00 2011-08-30 01:44:00 UNCLASSIFIED Embassy Vilnius
R 101238Z DEC 09
FM AMEMBASSY VILNIUS
TO SECSTATE WASHDC 3966
INFO AMEMBASSY WARSAW
AMEMBASSY TALLINN
AMEMBASSY RIGA
USDOC WASHDC
UNCLAS VILNIUS 000671 
 
 
AMEMBASSY WARSAW for FCS 
USDOC FOR ITA/JENNIFER DERSTINE 
 
E.O. 12958: N/A 
TAGS: ENRG ECON LH
 
SUBJECT: Lithuanian Government Invites Investors For The 
Construction Of The Visaginas Nuclear Power Plant 
 
REF: VILNIUS 581 
 
¶1. On December 9, 2009, the Lithuanian Ministry of Energy announced 
a tender (invitation to invest) for the selection of a strategic 
investor for the new Visaginas Nuclear Power Plant project. 
Potential investors are invited to submit their bids to the address 
below by January 29, 2010 15:00 (local time).  The Government 
expects to sign a deal with an investor in the second half of 2010. 
 
 
¶2. According to Energy Minister Arvydas Sekmokas the selected 
investor will be offered more than a 50 percent stake in the new 
plant. The total cost of the project is estimated at 4.5-7.5 billion 
USD.  The government expects the plant to be built by 2018-2020 with 
a strategic investor financing most of the project. In earlier press 
reports utility companies such as E.ON, EDF, Iberdrola, RWE, Fortum 
and Vatenfall were mentioned as possible bidders on the tender. 
 
¶3. All interested parties may receive detailed investment 
information by contacting UAB Visagino Atomine Elektrine (Visaginas 
Nuclear Power Plant Development Company) at the address below: 
 
Zveju g. 14, LT-09310 
Vilnius, Lithuania 
Tel: 370-5 2782479 
Fax: 370-5 2782002 
Contact: Sarunas Vasiliauskas, Deputy Chairman of the Tender 
Commission. 
e-mail: commission@vae.lt 
 
 
LEADER