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Vattenfall mulls new Swedish nuke plants

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08:29 CET+01:00
Swedish state-owned power firm Vattenfall unveiled plans at a press conference on Friday to which could result in the construction of a new nuclear power station, according to a statement.

Vattenfall confirmed reports that it is to continue a partnership with Industrikraft, a firm formed last summer with the goal of providing nuclear power to Swedish industry.

"We at Vattenfall's are very happy to be able to continue our close partnership with representatives for Swedish industry and work together to develop energy solutions for the future," Hans von Ulthmann, Vattenfall vice CEO said.

The firms behind Industikraft include some of Sweden's major industrial firms, such as paper firm Holmen, SCA, Boliden and Eka Chemicals.

Industrikraft was formed less than six months before the government parties agreed to lift a moratorium on the construction of new nuclear power.

The government decision paved the way for up to ten new reactors to be built at existing nuclear power facilities.

Vattenfall explained that the next phase in the project would be to investigate and reach a decision on concrete partnership projects.

"The partnership is fully in line with our long-term strategic goal "Making Electricity Clean" and contributes to the achievement of stated climate goals," Vattenfall CEO Lars G Josefsson said.

As Vattenfall's owner the Swedish state retains the final say on any plans to construct new nuclear power facilities on Swedish soil.

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