Vattenfall has welcomed proposals for a financing model for new nuclear power in Sweden, but said it is “unclear to us” how construction risk and risks linked to the planning and implementation actual power plant construction will be handled.

State-owned Vattenfall, which owns and operates the Forsmark and Ringhals nuclear power stations in Sweden through local subsidiaries, said it is looking forward to a dialogue with the office being set up by the government to further develop the model, but will need to analyse it in more detail.

“We know for certain that the first reactors will be more expensive than the next ones and here the state needs to play an important role,” Vattenfall said in a statement.