Hitachi's nuclear plan hits bump / Lithuania referendum on construction project could hurt export strategy
News On Japan via Yomiuri -- Oct 17

A Lithuanian referendum result has cast a shadow over Hitachi Ltd.'s strategy to increase sales from its nuclear business--and could affect other Japanese companies in the nuclear industry.

Hitachi has signed a provisional contract with the Lithuanian government to construct a nuclear plant in the Baltic nation. But in a nonbinding referendum held Sunday, 62 percent of Lithuanian voters rejected the project, a result that could make the Lithuanian government review it.

Hitachi signed a provisional contract with the Lithuanian government in July 2011 to construct the latest model of a boiling water reactor in Visaginas, eastern Lithuania. The project will cost 400 billion yen to 500 billion yen, and the Lithuanian government plans to use the reactor to supply electricity to all three Baltic countries, including Estonia and Latvia, from the early 2020s.

リトアニア国民が、原発に「ノー」を突きつけた。14日に行われた新しい原発建設の是非を問う国民投票で、建設反対票が半数を大きく上回っている。 原発の建設反対票は62%を超え、賛成票は34%にとどまった。

Source: Yomiuri, FNNnewsCH



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