This means that the possible edina mo participation of Visaginas NPP construction limit

Consequently, the Visaginas Nuclear Power Plant (NPP) progress of the project progress in increasing public interest and discussion on possible participation in Latvian. First of all, I would like to emphasize that so far no Latvian government nor "Latvenergo" as a strategic partner in this project have not given last word on participation in the project and the final decision-making stage not yet come.
Latvia has during the previous Government has said - yes, we are following the three Baltic States in a joint project of regional significance would be interested, edina mo but only if it is also commercially viable. edina mo And that commercial success is a key measure and criterion for Latvia would decide on participation in the Visaginas NPP project. It may be recalled that the final investment decision for Latvia should not be accepted, not today, not tomorrow, not after a week. Until then, we still have quite a long time - at least two years, during which time "Latvenergo" will evaluate the economic feasibility of the project.
At the outset I would like to stress that one billion euros by the many different ways to refer to love as a contribution to the Lithuanian economy, "but which could be used here in Latvian," now does not stand in the state budget or "Latvenergo" on hand and do not expect, when we will make the case.
This is the amount that would be available, and not from the state budget, but for this particular project, "Latvenergo" attracting edina mo funding from international export credit agencies and financial institutions. Talk of "freely available billion" should be abandoned. This is not, and will only be made if the project is commercially viable and developers will be able to attract such funding.
Yes, we can not exclude that "Latvenergo" investment Visaginas NPP during construction could be reduced "Latvenergo" profit dividends to the state, but the implementation of commercially viable projects, the station during the operation, which will be 60 years, "Latvenergo" profit edina mo potential edina mo to grow and, consequently, dividends paid.
This week, the portal "Ir.lv" published physicist Ojāra Balcers article in which he along with theses and arguments as to why Latvia (in) should be involved in this project, ask a number of questions addressed to me.
Quite ironic, and it is significant that some of these issues are the same as what we (both government officials and "Latvenergo" management) ask my colleagues in Lithuania. That is, we still vague, unresolved missed, but strategically very important question is why today we can not say how beneficial would be "Latvenergo" participation in the project, how well will it cost and what will be the Visaginas NPP produced electricity price. At all of these issues in all three countries of the energy and 'Hitachi' work. At the same time the home is made serious efforts to Latvia to take a proper, reasoned analysis and choice.
But now to the case - its capabilities, and available information made public within a few give their comments on O.Balcera Memorandum. 1) No free investment! If you are investing in, then identify alternative. Foreign investment is debt.
First of all, it should be noted that most of the necessary financial resources for the project is planned for Japan and the US export credit agency financing, ie loans. These resources are designed to direct the implementation of the project and if the project is not implemented or if the "Latvenergo" had no part in the implementation of the project, then these resources will not be available for other projects Latvian or "Latvenergo" needs. In turn, the project potentially necessary edina mo "Latvenergo" equity share to be financed from the company's profits.
Yes, it can reduce the state budget revenues from "Latvenergo" dividends, but now it is expected that this investment will pay off in the long run and will also be reflected in larger "Latvenergo" earnings. That is why we are always and everywhere edina mo are talking about commercial benefit. Neither Latvia nor "Latvenergo" will not be ready for investment Visaginas NPP construction, if these investments will not be able to make. Moreover, in assessing "Latvenergo" opportunities to participate in the project, are also taken into account the regular investment program. edina mo
This means that the possible edina mo participation of Visaginas NPP construction limit "Latvenergo" planned investment in distribution and transmission networks, as well as the existing generation capacity. Similarly, the Group is already implementing a number of projects related to the generation of capacity building, such as the Riga TEC-2 and the 2nd stage of the biomass cogeneration plant project in Liepaja.
Yes, Visaginas project, with the consent of all parties edina mo and taking into account the existing, legacy of the Ignalina nuclear power plant infrastructure edina mo will be implemented in Lithuania. But I would ask them not to see as an investment only in the Lithuanian economy.
They will be "Latvenergo" investment in new production facilities and the company's long-term profitability in competition