New Projects, Nuclear

Russia seeks private investment in nuclear power growth

22 February 2006 – Russia nuclear energy agency is reported to be conducting talks with private investors on their participation in the construction of new nuclear power stations in Russia according to the head of Rosatom, Sergey Kiriyenko.

Kiriyenko told journalists today that there could be agreements “on long-term contracts for the supply of electricity from nuclear power stations at fixed prices.” He emphasized that nuclear power stations must belong to the state

Kiriyenko said the Russian government had instructed the Ministry of Industry and Energy, the Ministry of Economic Development and Trade, the Unified Energy System of Russia company and Rosatom to compile a map of locations of new nuclear power stations and to determine the priorities of territories on which new nuclear power stations will be built. Nuclear power currently accounts for 16 per cent of Russian power generation but Russia is known to me keen to increase this proportion, partly to free up gas supplies for export.

Kiriyenko said regions would compete among themselves for new nuclear power stations since this would make it possible to attract substantial resources to these to provide work for engineering plants and support towns located in the zone of nuclear power station construction.