Construction, Energy, Estonia, Good for Business, Investments, Nuclear power plant

Such plant, which rather would represent the lower end of the scale by world standards, would cover an estimated one-quarter of Estonia's domestic demand and help achieve the climate goals, the developer says.

Fermi Energia CEO Kalev Kallemets told the newspaper that a survey of potential locations will be carried out this year to preclude locations that are not suitable. After the completion of that analysis it will become clear whether the sea coast in the Tostamaa area in western Estonia could make the shortlist of potential locations.

According to the developers' vision, ground could be broken in 2030 and construction work of the power plant costing up to one billion euros would take up to ten years. 

Fermi Energia also has been looking at the Viru-Nigula rural municipality on Estonia's North Coast as a potential location, along with Pakri Peninsula in the country's northwest. At the end of last year, representatives of the company met with Parnu Mayor Romek Kosenkranius.

Kosenkranius emphasized at the time that the meeting was just one get together held for the purpose of informing where no promises were made or agreements concluded.