Swedish government signing a co-ownership deal with Videberg Kraft for new nuclear reactors at Ringhals.
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Government signs deal for state ownership in Videberg Kraft for new nuclear power

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Kiswahili

The government has signed agreements on state support and co-ownership in Videberg Kraft to build three new reactors at Ringhals. The state will take 60 percent ownership in the company.

The agreements were signed on Thursday during a cabinet meeting in Visby. They mean the state enters as majority owner with 60 percent, while Vattenfall and Industrikraft each own 20 percent.

Prime Minister Ulf Kristersson described the decision as historic. He stressed that the state does not abandon its responsibility for stable electricity production.

The company Videberg Kraft will build three small modular reactors from Rolls-Royce SMR. The agreement is now sent to the EU Commission for review, with a decision expected in autumn 2027.

Watu wanasema nini

Initial reactions on X highlight government ministers welcoming the 60% state ownership deal in Videberg Kraft for new Ringhals reactors as a historic step for energy security and growth. Factual posts detail ownership split with Vattenfall and Industrikraft at 20% each and support mechanisms. Skeptical views note risks if left-wing parties win future elections or question heavy state control exceeding 80% via indirect stakes. Neutral shares emphasize the project's scale and timeline for mid-2030s operation.

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The government proposes in its spring budget amendment that the state take a 60 percent majority stake in nuclear company Videberg Kraft, planning new small reactors at Ringhals. The state will buy shares from Vattenfall for 1.8 billion kronor in 2027. The deal gives the state direct and indirect ownership of 80 percent.

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