Swiss cabinet agrees to phase out nuclear power-SDA

ZURICH Wed May 25, 2011 9:14am EDT

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ZURICH May 25 (Reuters) - The Swiss government decided on Wednesday to phase out nuclear power with the last reactor coming offline in 2034, but will not close any existing power station prematurely, Swiss press agency SDA reported.

Public confidence in the nuclear industry -- which produces 40 percent of the Alpine state's electricity -- has collapsed after the disaster at Japan's Fukushima nuclear power plant.

In March the government suspended the approvals process for three new nuclear power stations pending a review into safety standards and last weekend 20,000 people rallied against nuclear power -- the largest demonstration of its kind since the 1980s.

(Reporting by Caroline Copley)

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