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Reactor Compensation Agreement

Published fredag 11 november 2005 kl 12.28

The Swedish government has agreed to pay the state-owned energy group Vattenfall 500 million dollars in compensation for the closing of a nuclear reactor earlier this year.

Sweden shut the Barsebäck 2 reactor on June 1st, the second nuclear facility to be taken out of service since 1999 as part of a plan to phase out nuclear power in this country. Swedes voted in a referendum in 1980 to close the country’s nuclear power stations.

Under the agreement between the state, Vattenfall, and the German E.ON energy group, the Swedish state will pay Vattenfall 500 million dollars over the next four years. It will also pay an additional 200 million dollars to E.ON, which recently took over Sydkraft, the previous owner of the reactor, to cover costs linked to the shutdown and maintenance of the site.

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