Exelon signs consulting agreement with Lithuania nuclear authority

Exelon Nuclear Partners, LLC (ENP), a subsidiary of Exelon Generation Company, LLC, today announced the signing of a consulting agreement with Visagino atomine elektrine UAB (VAE), the government-owned company responsible for new nuclear power plant development in the Republic of Lithuania.

Under the Owners Engineer Consultancy Agreement, ENP will support the project developers’ efforts to put in place an engineering, procurement and construction contract and fuel supply contract, as well as consult on other technical matters.

Exelon Generation Senior Vice President and ENP Chief Executive Officer Amir Shahkarami. “Exelon’s experience in developing nuclear programs will help VAE as it seeks to provide the Baltic region with safe, reliable and economic nuclear energy for generations to come.”

In connection with joining the European Union, Lithuania closed its last operating RBMK-1500 nuclear reactor, which had been generating 70 percent of the nation’s electricity, at the end of 2009.

Lithuania is undertaking new nuclear development in collaboration with Estonia, Latvia and Poland. The proposed facility, a Hitachi-GE Nuclear Energy Advanced Boiling Water Reactor, is to be built next to the closed reactors near the town of Visaginas in eastern Lithuania.

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