Hitachi and GE nuclear tapped for Lithuania power plant

Lithuania has picked the joint venture of Hitachi (NYSE: HIT) and General Electric (NYSE: GE) to continue talks on building a new nuclear power plant by 2020, according to Reuters.

GE-Hitachi offered to supply a 1,350 MW advanced boiling water reactor (ABWR) and other technology for the planned power plant. Estimates put the project price between 3 to 5 billion Euros ($4.3 billion to $7 billion).

Lithuania has said it wants to build the plant to cut energy dependence on Russia.

The Hitachi GE joint venture competed against Westinghouse to supply the plant, the article said.

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