SwedPower involved in phase-out of Ignalina

12/17/2001 5:33 AM EST

Vattenfall's consulting company SwedPower will be involved in the phase-
out of the Ignalina Nuclear Power Station in Lithuania. The company is
part of a consortium of European consulting firms that, following long
and intensive negotiations, has now signed a contract for the deal.

The project comprises management services for the close-down and
demolition of Ignalina, block 1. SwedPower will be responsible for the
following main parts of the project:

* Modernisation of Waste Handling and Storage for Solid Waste.
* Replacement Heating and Steam Plant.
* Modernisation of the Technical Documentation Archives.

Some ten members of SwedPower's staff will be involved throughout the
project period. The work will be carried out on site at Ignalina and at
SwedPower's offices in Sweden.

"This hi-tech project is one of several assignments in Lithuania. It
will give SwedPower good references for further expansion in Lithuania
and for international assignments in this field in the future," says Jan-
Inge Gidlund, Managing Director of SwedPower International AB.

Over 50 companies competed for the project, including two other Swedish
consultancies. The consortium that was awarded the deal includes, apart
from SwedPower, the British company National Nuclear Corporation Limited
(NNC) and the Belgian company Belgatom (Tractabel), which will be
supported by the German company Steag. The contract sum for phase one is
EURO 12.4 million (approximately SEK 120 million). SwedPower's share of
this sum is SEK 27.5 million.

The project is being financed by the European Bank for Reconstruction
and Development (EBRD), and the contract now signed covers phase one,
which primarily concerns preparations for closing down block 1 (2001-
2004).

From Vattenfall's Press Office, tel: 08-739 50 10.

For more information, please contact:
Jan-Inge Gidlund, Managing Director, SwedPower International AB,
tel: 08-739 65 75, mobile: 070-539 52 52.

Vattenfall's vision is to be a leading European energy company. Today,
Vattenfall generates power and supplies energy to several million
customers in the Nordic region and northern Europe. The largest
electricity customers are industrial plants and energy companies.
Vattenfall's main products are electricity and heat. The Group's net
sales in 2001, excluding operations in Germany, are estimated to over
EUR 4.2 billion. For more information, see www.vattenfall.com