Nuclear energy

There are market opportunities in new projects and construction in CEE, where expected spending exceeds €49.2 billion across construction and expansion, waste-management and decommissioning, in an effort to reduce reliance on solid fuels by more than 50 per cent.

Poland and the Czech Republic are developing their nuclear energy programmes to meet rising domestic demand, while Latvia and Estonia are looking to reduce reliance on Russian imports by joining the EU energy grid.

The Polish government is planning two new power plants at an estimated cost of between €9.8 to €13.5 billion, the first to be completed by 2024, while the Czech Republic will be looking into expansion of existing plants. New construction in Slovenia’s existing Krsko power plant –jointly owned with Croatia –appears to be suspended, while Lithuania is remedying its reliance on over 60 per cent energy imports (80 per cent coming from Russia) by approving the GE Hitachi plans to build a 1,350 MW reactor at Vasiginas Nuclear Power Plant. Construction is due to start in 2015, to be operational by 2020 at a cost of €4.92 billion following a final investment decision to come in 2015.

The decommissioning of Ignalina Nuclear Power Plant is due for completion by April 2016 at an estimated total cost of over €2.5 billion, while Slovakia has secured €227.4 million of EU funding for decommissioning opportunities in the country.

There is also discussion about the feasibility and economic viability of rebuilding and decommissioning sections in Bulgaria, along with the construction of a radioactive waste repository.