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The Ignalina Nuclear Power Plant (Lithuanian: Ignalinos Atominė Elektrinė, IAE, Russian: Игналинская атомная электростанция, Ignalinskaja atomnaja elektrostancija) is a closed two-unit RBMK-1500 nuclear power station in Visaginas, Lithuania. It was named after the nearby city of Ignalina. Due to the plant's similarities to the failed Chernobyl Nuclear Power Plant in both reactor design and lack of a robust containment building, Lithuania agreed to close the plant as part of its accession agreement to the European Union. Unit 1 was closed in December 2004. The remaining Unit 2 which counted for 25% of Lithuania's electricity generating capacity and supplied about 70% of Lithuania's electrical demand, was closed on December 31, 2009. Proposals have been made to construct a new nuclear power plant at the same site.