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No Spain nuclear waste decision seen before May

Source: Reuters - Thu 24th Mar 2011

Spain is unlikely to decide on where to place a purpose-built facility for storing spent nuclear fuel before local elections in May, Industry Minister Miguel Sebastian said on Wednesday.

But he did indicate power prices, already increased by 10 percent earlier this year, may not rise any further.

In an exclusive interview with Reuters, Sebastian said the nuclear crisis in Japan contributed to an environment of concern and worldwide alarm about nuclear energy.

"We need to explain that (the) ATC is an absolutely risk free installation but we need time and probably this is not the best time to take a decision," Sebastian said on the sidelines of an investor conference on Spain, sponsored by Bloomberg.

"Both because of the nuclear shock in Japan and the fact that we have local elections in one month and a half," he said.

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