EU Puts Up $1B To Help Shut Down 3 Nuke Plants

Law360, New York (November 19, 2013, 2:46 PM EST) -- The European Parliament on Tuesday approved €969 million ($1.3 billion) in European Union financial aid to help Bulgaria, Lithuania and Slovakia decommission three outdated nuclear power plants, subject to certain conditions.

The regulation passed Tuesday will extend EU financial support to the three countries so that they can complete the decommissioning of the Kozloduy, Ignalina and Bohunice nuclear power plants in the next EU budget period, according to an EU news release. The aid, which includes €293 million for Kozloduy, €451 million for Ignalina and €225...
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