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Financing in 2014-2020

Financing framework

“RECOGNISING that the decommissioning of the Ignalina Nuclear Power Plant with two 1500 MW RBMK‑type reactor units inherited from the former Soviet Union is of an unprecedented nature and represents for Lithuania an exceptional financial burden not commensurate with the size and economic strength of the country and that this decommissioning will continue beyond the Community's current Financial Perspective […]” - Protocol No. 4 of the Accession Treaty of Lithuania to the European Union.

Lithuania complied with the requirements of the Treaty of Accession to the European Union to shut down Ignalina NPP and the EU committed itself to provide adequate additional financial assistance to the decommissioning. The EU members have recognized that the decommissioning of INPP represents for Lithuania an exceptional financial burden not commensurate with the size and economic strength of the country and the decommissioning will continue beyond the current financial perspective. It was declared that the Member States, in solidarity with Lithuania, are ready to continue to provide adequate additional Community assistance to the decommissioning efforts also after Lithuania’s accession to the European Union.

Outcomes of Ignalina NPP shutdown

Ignalina NPP closure has a negative impact on the national economy. Lithuania is already meeting many indirect costs of decommissioning (the price of electricity to consumers rose for 30 percent; energy dependence on a single supplier - Russia – for 80 percent). It is clear that there will also be continuing costs associated with management and storage of radioactive waste until long into the future.

Decommissioning costs

INPP decommissioning costs are inadequate, represent for Lithuania’s economy an exceptional burden and significantly exceed the currently identifiable resources.

The technical costs of Ignalina NPP decommissioning to 2029 have been assessed at 2011 prices. Forecasts made for cost increases have been based on best available macroeconomic data. Comparison with the Final Decommissioning Plan, prepared by international consultants, and with the well-advanced immediate dismantling of Greifswald NPP demonstrates that the calculated costs are sound and reasonable. In Lithuania's case, the volume of works and radioactive waste is significantly higher that at Greifswald NPP but the estimated financial support for the closure of the INPP is lower. At the moment the costs of Greifswald NPP already constitute 3.2 billion Euro.

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ON DECOMMISSIONING
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