Latvia Initiates €1.425 Million Study for Nuclear Power Plant Development Assessment
The Latvian Ministry of Climate and Energy is commissioning a €1.425 million study to assess the feasibility of developing nuclear energy, focusing on small modular reactor technology. The study will evaluate various factors, including regulatory compliance and radioactive waste management, and is expected to provide a comprehensive report within a year. Additionally, Latvia is considering collaboration with Estonia on nuclear plant construction, as Estonia plans to build a 600 MW facility.
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The Latvian Ministry of Climate and Energy (KEM) is set to commission a €1.425 million assessment on nuclear energy development in Latvia. The procurement notice, titled 'Assessment of Nuclear Energy Development Opportunities in Latvia', aims to analyze the feasibility of small modular reactor (SMR) technology, covering technical, legal, environmental, societal, financial, and economic factors.
The study will evaluate existing regulations and propose necessary amendments to align with international standards. The contractor must deliver a comprehensive final report within one year, including a cost-benefit analysis and financing model.
Concurrently, Latvia is exploring cooperation with Estonia for nuclear plant construction, with Estonia planning a 600 MW nuclear facility. KEM's study will also address radioactive waste management, which remains a critical concern as no geological repository has been established in Latvia.
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