Some €90 million will come from the The European Bank of Reconstruction and Development (EBRD)-administered Ignalina International Decommissioning Support Fund as part of a plan to allow the plant to take over as the country’s largest power plant after the Ignalina nuclear station closes in 2009.
A further €80 million will come from operator, AB Lietuvos Elektrine, along with a €30 million grant from the Lithuanian government and a €49 million loan, part of which will come from the EBRD.
The funding has been earmarked for the installation of flue-gas desulphurisation equipment and NOX reduction systems at the plant which has operated as a peaking plant since 1994.
