Government of Lithuania came to an agreement with Hitachi to discuss for establishment of the Project Company for Nuclear Power Project

Tokyo, Japan, July 30, 2014 --- Hitachi, Ltd. (TSE:6501, President & COO: Toshiaki Higashihara) today announced the signing of a memorandum of understanding (MOU) with the Lithuanian Ministry of Energy recording their agreement to discuss for establishment of the Project Company (PCO) that is to manage the business, to proceed the Visaginas Nuclear Power Plant in Lithuania. In this project, all three Baltic states (Republic of Lithuania, Republic of Latvia, and Republic of Estonia) are planned to participate. In order to accelerate this project, Hitachi and MoE of Lithuania will proceed further talks regarding details of PCO’s function and organization by the first half of September, then submit them to energy authorities in the countries.