Lightbridge Corporation (LTBR)

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Finnish consortium planning to build nuclear reactor clears hurdle

Stockholm (dpa) - A Finnish consortium that plans to build a new nuclear reactor in the Nordic country cleared a hurdle Wednesday after securing sufficient domestic ownership to be considered by the government.

Economic Affairs Minister Olli Rehn said the updated ownership list showed domestic ownership in the consortium Fennovoima was over 60 per cent, the level stipulated by the government and parliament.

"We need nuclear power during a transition period, and (in order) to drop coal during the 2020s," Rehn told reporters.

http://en.europeonline-magazine.eu/refilefinnish-consortium-planning-to-build-nuclear-reactor-clears-hurdle_406106.html