Swedish government signs secret nuclear power deal.
The Swedish government is supporting the construction of new nuclear power. They will own a large part of the company, Videberg Kraft. This will involve building new reactors at the Ringhals site.
The Swedish government has made an agreement with Videberg Kraft to help build new nuclear power plants. The government will own 60 percent of Videberg Kraft. This company is building smaller reactors at the Ringhals site in Varbergs kommun. The goal is to support the energy sector in Sweden. This decision is likely to cause discussion about nuclear energy in the country.
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Highlights
Government Signed Secret Nuclear Deal
The Swedish government finalized a secret agreement with Videberg Kraft to support new nuclear power construction.
State to Own Reactor Shares
The Swedish government will become a shareholder in the new nuclear project.
State Will Own 60% Shares
The state will own 60 percent of the company building reactors.
Government Becoming Majority Owner
The Swedish state is becoming the majority owner of Videberg Kraft.
Investment Supports Nuclear Sector
The government’s investment aims to support reactor construction and Sweden’s energy sector.