Italian utility Enel will press ahead to launch nuclear power as part of a EUR31bn ($43.22bn) spending budget in the next five years.
Presenting its 2011-2015 business blueprint in London, Enel said it would improve its energy mix in Italy by developing nuclear power, along with clean coal and liquefied natural gas, reported Reuters.
Nuclear costs for operators in Europe and elsewhere are expected to rise and their plans be delayed after the escalating damage to reactors in Japan after last week's earthquake and tsunami.
Enel has agreed with France's EDF to develop four reactors in Italy. Enel has 3500 MW of nuclear capacity in Spain and 1800 MW in the Slovak Republic, rising to 2800 MW by end-2015.
The centre-right government of Prime Minister Silvio Berlusconi vowed to relaunch nuclear power in Italy after it was banned in 1987. A referendum on nuclear plant building this year may derail the plans.
As part of its nuclear expansion, Enel plans to spend EUR2.7bn to complete work at its Mochovce plant in Slovakia.
For more nuclear news, click