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Sole Bidder For Lithuanian Nuclear Plant Project Withdraws Offer

Lithuania's strategy for gaining greater energy independence from Russia has been dealt a setback, when the only bidder to build a nuclear power plant withdrew its offer.

On December 3, Lithuania's government said that South Korea's KEPCO had dropped out of the tender, wrecking the Baltic country's ambition to become a regional supplier of electricity.

Lithuania closed a Soviet-era nuclear plant at the end of 2009. It aims to build a new plant at the same site with the involvement of a foreign company as well Poland, Latvia, and Estonia.

compiled from agency reports