The government is spending 830 million on property for radioactive waste in Halden
The Norwegian government is proposing the purchase of property from Norske Skog Saugbrugs AS for 830 million kroner, aimed at decommissioning nuclear facilities in Halden.
The Norwegian government has announced plans to purchase a property from Norske Skog Saugbrugs AS in Halden for 830 million kroner, which is a significant step in their efforts to decommission the country's former nuclear operations. This purchase is seen as crucial for ensuring that the decommissioning process is conducted in a safer, quicker, and more cost-effective manner, according to Norway's Minister of Trade and Industry, Cecilie Myrseth. The government plans to include this acquisition in the revised national budget.
The transaction is expected to result in a financial gain, with an anticipated accounting benefit of 320 million kroner recognized in the first quarter and another 330 million kroner estimated for the second quarter of 2026. After accounting for potential lease deductions over a maximum of three years, the net settlement is projected to be around 720 million kroner, which will add significant fiscal support to Norway's budget during this period.
This move not only reflects Norway's commitment to safely managing its legacy nuclear materials but also highlights the ongoing financial considerations involved in such significant transactions, indicating the governmentβs intention to handle the decommissioning process responsibly and efficiently, ensuring it aligns with financial and safety regulations.