Swedes edge closer to new nuke power generation

Sweden's state-owned energy company Vattenfall announced a joint venture with new consortium Industrikraft on Friday aimed at securing the nation's energy supply in part through the construction of new nuclear reactors.

"At the heart of the collaboration is the shared view that there will be a shortage in baseload power once Sweden's [ageing] nuclear plants are decommissioned," the two companies said in a joint statement. The partnership will examine "a range of options for possible joint development areas, which includes renewable energy sources and nuclear power", the statement continued.

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