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TGS Baltic advised Ignalina Nuclear Power Plant regarding the decommissioning (closure) process of the power plant, valued at 2.9 billion euros. The firm represented the client in top-level negotiations with contractors, the European Commission and the closure-fund manager – the EBRD.
The firm advised on two of the most problematic projects (B1, B234), related to the main nuclear fuel storage depositories. We represent the client in a 17-million-euro dispute with its contractors for inappropriate and unqualified framing of the deactivation program, which, due to decommissioning delays, may threaten an annual 120 million euros of EU financing.
The firm also contributed to the development of public procurement legal practice in Lithuania by successfully defending Ignalina Nuclear Power Plant in the Supreme Court in a dispute with the contractor.
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